York Based Entrust News Today : Breaking News, Live Updates & Top Stories | Vimarsana

By Jonathan Saul LONDON, Dec 17 (Reuters) – U.S. investment company EnTrust Global, already a player in shipping finance, aims to buy ships that generate lower emissions, an executive said, the latest sign of efforts in the shipping industry to go green. Global shipping accounts for nearly 3% of the world’s CO2 emissions, putting the industry under pressure to clean up. About 90% of world trade is transported by sea. New York-based EnTrust, which has $18.9 billion in assets, lends to the shipping sector through its Blue Ocean Funds. The funds have raised $2.1 billion date and have...

© Mariusz / Adobe Stock U.S. investment company EnTrust Global, already a player in shipping finance, aims to buy ships that generate lower emissions, an executive said, the latest sign of efforts in the shipping industry to go green. Global shipping accounts for nearly 3% of the world’s CO2 emissions, putting the industry under pressure to clean up. About 90% of world trade is transported by sea. New York-based EnTrust, which has $18.9 billion in assets, lends to the shipping sector through its Blue Ocean Funds. The funds have raised $2.1 billion to date and have about $1 billion of that ...