Tag: finance
Evaluation and financing is provided to IINO Kaiun Kaisha based on “Zero-Emission Accelerating Ship Finance”
Under Zero-Emission Accelerating Ship Finance (“the Program”), which is jointly operated by Development Bank of Japan Inc. (DBJ) and ClassNK, ClassNK evaluated the ammonia carrier “GAS INNOVATOR” (IMO No. 9958688), which was designed and built based on the basic certification for ammonia-fuel-ready ships and is owned by IINO Kaiun Kaisha, Ltd. (IINO Lines). DBJ provided…
Evaluation and financing is provided to IINO Kaiun Kaisha based on “Zero-Emission Accelerating Ship Finance”
Under Zero-Emission Accelerating Ship Finance (“the Program”), which is jointly operated by Development Bank of Japan Inc. (DBJ) and ClassNK, ClassNK evaluated the ammonia carrier “GAS INNOVATOR” (IMO No. 9958688), which was designed and built based on the basic certification for ammonia-fuel-ready ships and is owned by IINO Kaiun Kaisha, Ltd. (IINO Lines). DBJ provided…
UK policy and early movers can play a significant role in unleashing finance to decarbonise the UK freight transport sector
The end of project report released today by the Decarbonising UK Freight Transport (DUKFT) Network, suggest several ways to overcome the chicken-and-egg problems associated with decarbonising road, rail and maritime freight transport. Collectively these sectors represent nearly 7% of UK CO2 emissions and continue to rise fuelled by e-commerce demand and cheap transportation costs. Operating…
Poseidon Principles Align Shipping Finance Repor4ng with Ambi4ous New IMO Climate Goals
The Poseidon Principles are pleased to announce a significant revision to their framework for evalua:ng and repor:ng financial ins:tu:ons’ shipping por From their incep:on, the Poseidon Principles for Financial Ins:tu:ons were designed to be a living framework, evolving con:nually to meet the dynamic challenges of climate change. Through regular reviews, they ensure their con:nued relevance…
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Poseidon Principles Align Shipping Finance Reporting with Ambitious New IMO Climate Goals
The Poseidon Principles are pleased to announce a significant revision to their framework for evaluating and reporting financial institusions’ shipping porolios’ alignment with climate-related objectives. Following the IMO’s GHG revised strategy adopted during MEPC80 in July 2023, this update signifies the dedication of 30 leading shipping banks to support the maritime sector’s transi:on towards a…
Changing seas of ship finance
In the ever-evolving world of maritime finance, shipowners have experienced a sea change over the past two years. According to ship finance specialist oceanis’ Q3 2023 report, banks, debt funds, and lessors have “showered” shipowners with relatively inexpensive capital over the past 24 months. This injection of capital has brought about significant shifts and challenges…
