Latest News for: Shipping industries

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Major banks set new lending standards for shipping industry in order to cut CO2 emissions

CNBC 18 Jun 2019
Eleven banks that lend to shipping lines on Monday said climate impact will be integrated into the criteria that determines how much they can borrow ... ....
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Citi, Societe Generale, DNB and other leading international banks promote greener global shipping through new principles

The Record 18 Jun 2019
"As banks, we recognize that our role in the shipping industry enables us to promote responsible environmental stewardship ... The Principles were developed by global shipping banks and leading industry players with expert support provided by the Global Maritime Forum, Rocky Mountain Institute and UCL Energy Institute....
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Shipping beyond the cycle: why an earnings upturn does not equal business as usual

Splash24/7 18 Jun 2019
A trio of factors is upsetting the status quo but could shipping’s greatest challenge also turn out to be its best opportunity, asks James Frew from Maritime Strategies International ... This generalisation ignores three key sources of disruption that will increasingly shape the shipping industry over the coming decade....
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Banks to include CO2 emission measures in shipping loan decisions

This is Money 18 Jun 2019
Although the IMO agreed stricter energy efficiency targets last month for certain types of ships, environmental campaigners are calling for tougher goals. "We are helping the shipping industry emerge into the 21st century in a responsible way," Michael Parker, global head of shipping at Citigroup, told Reuters....
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Matson Christens First Kanaloa Class Vessel 'Lurline'

The Record 18 Jun 2019
carrier in the Pacific, and General Dynamics NASSCO shipyard, christened the largest combination container / roll-on, roll-off ("con-ro") ship ever built in the United States in a ceremony at the NASSCO shipyard in San Diego, CA on Saturday, June 15 ... Four more ships were given the name in subsequent years; this vessel will be the sixth....
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Investors aligning with IMO 2050 emissions goals

Journal of Commerce 18 Jun 2019
[caption caption="Leading international banks Citi, Societe Generale, and DNB worked with industry leaders to create the Poseidon Principles, an agreement to disclose climate alignment of shipping portfolios ... global shipping fleet, have agreed to adjust their lending procedures......
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Enbridge to begin rock, soil sampling in Straits of Mackinac

Journal Review 18 Jun 2019
... Construction And Engineering Industrial Products And Services State Governments Government And Politics Oil And Gas Industry Energy Industry Oil And Gas Transportation Tunnel Construction Transportation Infrastructure Transportation And Shipping Marine Transportation Industry....
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US companies' message to Trump: Don't expand China tariffs

Longview News-Journal 18 Jun 2019
"Most businesses are almost praying for a solution," said Patrik Berglund, who tracks global trade as the CEO of Xeneta, an Oslo, Norway ,firm that provides data on the shipping industry ... Trump's earlier tariffs largely spared American consumers by focusing on industrial goods that don't show up directly in the mall or big-box stores....
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Why US-China trade war risks hurting firms in both countries

Orange County Register 18 Jun 2019
U.S ... “Most businesses are almost praying for a solution,” said Patrik Berglund, who tracks global trade as the CEO of Xeneta, an Oslo, Norway, firm that provides data on the shipping industry ... Trump’s earlier tariffs largely spared American consumers by focusing on industrial goods that don’t show up directly in the mall or big-box stores ... She added....
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Bunge signs up to the Ship Recycling Transparency Initiative

Splash24/7 17 Jun 2019
Bunge, a giant agribusiness shipper, has become the first in its industry to join the Ship Recycling Transparency Initiative (SRTI), a coalition aimed at increasing transparency to create a new norm for responsible ship recycling ... “The pressure on holding the industry to account ......
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Indiana's 3 ports earn Green Marine national designation

Journal Review 17 Jun 2019
The (Northwest Indiana) Times reports that the Green Marine certification awarded to Indiana's three-port system recognizes the shipping industry's environmental sustainability in storm water management, spill prevention and other measures....
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Does the risk outweigh the reward for Alaska flight-seeing passengers?

Finger Lakes Times 17 Jun 2019
Cruising on a large passenger ship is one of the safest ways to explore the vast and sometimes perilous landscape of Alaska ... Holland America ships have done the same, Kamali said ... Alaska has long been a compelling destination for the cruise industry - a spectacular, rustic territory that's often easiest to admire from a ship or from the air....
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North Dakota to ask federal agency to intervene in oil-by-rail dispute with Washington

Williston Herald 17 Jun 2019
... oil shipped by rail ... Inslee is running for president on an environmental platform and supports the law that Washington lawmakers passed earlier this year requiring a lower vapor pressure limit for crude shipped by rail than either North Dakota requirements or industry standards....

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