30 DEC 2020 In a first-of-its-kind climate report, 15 of the major lenders financing the shipping industry disclosed the climate alignment score of their ship finance portfolios. Released in The Poseidon Principles Annual Disclosure Report 2020, the climate assessment offers banks insight into their lending decisions, compares performance with competing …
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29 DEC 2020 Police in the Marshall Islands have confiscated over 1,400 pounds of cocaine that came ashore in an abandoned boat on a remote atoll. With a value of $80 million, it is the largest drug bust in the island nation’s history. Last week, a small fiberglass boat washed …
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23 DEC 2020 The world of marine salvage is changing quickly on multiple fronts. Ships and projects keep getting bigger, but there aren’t as many casualties. There are fewer well-established companies, but there’s a powerful newcomer. Last but not least, the COVID-19 pandemic has added a layer of complexity not …
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28 DEC 2020 Seafarers are invisible victims of COVID-19. Thanks to local restrictions and logistical challenges, hundreds of thousands have been stranded at sea – marooned on vessels for, in some cases, months beyond agreed contracts. Here Inchcape Shipping Services explains how it combines a physical network with virtual transparency …
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27 DEC 2020 Britain insisted on Sunday that the European Union should budge to open the way to a new, post-Brexit trade pact, drawing a swift response from the bloc’s negotiator defending the union’s right to protect its interests. With less than two weeks before Britain leaves the EU’s orbit, …
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26 DEC 2020 Far away on India’s western coast, a small town has been in the headlines for some time now. Alang, situated in the Indian state of Gujarat, is the largest graveyard for ships all over the world, handling about 40 percent of the world’s scrap tonnage. Now, Alang’s …
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