Green and sustainable are the new watchwords when it comes to finance but what does it take for a newbuilding project to be eligible for such financing?
Alternative finance and leasing have been the name of the game in ship finance in recent years, however, equity and bank finance are making a big-time comeback according speakers at Marine Money’s annual New York event.
Seafarer abandonment cases have risen over the last 18 months and industry organisations are calling on flag and port states to take their responsibilities more seriously.
The finance sector’s push for sustainability and the slow pace of international regulation on emissions at the IMO versus regional ambitions were in focus at the opening day of Marine Money’s annual New York event.
China Development Bank (CDB) Leasing is to purchase ten 50,000 dwt product oil/chemical tankers from Jiangsu New Times Shipbuilding with a total cost of $383.8m.
With sustainability demand growing maritime is moving towards a global green ship finance market with a major demand expected for retrofit funding, according to KfW IPEX Bank.
Taking on the role of Singapore Maritime Foundation (SMF) Executive Director at the start of the year Tan Beng Tee sees attracting talent to the shipping and maritime sector as one of her top priorities.
