Latest News for: Maritime banking

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Banks' doors 'wide open' for green shipping projects

Seatrade Maritime News 23 Jul 2021
Jan-Henrik Hübner, Global Head of Shipping Advisory, Maritime, DNV said the classification society was working with banks active in shipping and other industries that have hundreds of billions of dollars dedicated to green and ESG-related projects, although shipping would need to compete with other sectors.
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In Conversation on the Poseidon Principles

Hellenic Shipping News Worldwide 23 Jul 2021
With the creation of the Poseidon Principles, the banking sector is ...
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Currituck officials mark opening of Maritime Museum

Daily Advance 21 Jul 2021
COROLLA — A major new attraction on the Currituck Outer Banks is open ... The Maritime Museum is located in Historic Corolla Park next to the Outer Banks Center for Wildlife Education and across the boat basin from Whalehead, the 1920s art nouveau mansion built by Edward and Marie Louise Knight.
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Windward Launches Container Insights to Enhance Due Diligence Processes in Trade Finance and Maritime Investigations

The Salamanca Press 21 Jul 2021
Container numbers are included in the Bill of Lading (BOL) and Letter of Credit (LC) but do not necessarily contain the vessel IMO (International Maritime Organization) number making it difficult for banks to fully vet the transaction.
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Government urged to endorse National Integrated Maritime Strategy

Ghana Web 21 Jul 2021
The Centre for Maritime Law and Security (CEMLAWS) Africa is banking its hopes on government for the immediate endorsement of the National Integrated Maritime Strategy (NIMS), to give way for its implementation which can help Ghana enhance her fortunes in the Maritime sector ... Maritime Law Consultant and Legal Practitioner at Alliance Partners, Dr.
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Singapore completes first pilot digitalised bunker delivery

Seatrade Maritime News 21 Jul 2021
The first financing was on a BDN between TFG Marie and Ocean Network Express (ONE) supported by Asencz, DBS Bank and the Maritime & Port Authority of Singapore (MPA). Banks currently rely on physical copies of the BDN which is both cumbersome and has a higher risk of fraud and manipulation.
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FG urged to leverage maritime sector for sustainable economic growth

Business Day Online 21 Jul 2021
Government should look towards the maritime industry for economic growth, particularly in the option of economy diversification,” said Bello who also called on the Central Bank of Nigeria (CBN) to extend its economic recovery intervention to the maritime sector.
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US moves to increase its engagement with ASEAN

Asiatimes 21 Jul 2021
He also urged a coordinated response to the unfolding crisis in Myanmar, while categorically rejecting China’s “unlawful” maritime claims in the South China Sea ... More recently, maritime forces from the two rival claimants have been shadowing each other in the Marie Louise Bank.
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PH Coast Guard’s radio challenge drives away Chinese Navy warship in WPS

Manila Bulletin 19 Jul 2021
A Chinese navy warship was forced to leave the Marie Louise Bank in El Nido, Palawan after personnel of the Philippine Coast Guard (PCG) radio challenge on July 13 ... ​A Chinese navy warship dispersed off Marie Louise Bank in El Nido, Palawan after personnel of the Philippine Coast Guard (PCG) radio challenge on July 13, 2021.
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Pyxis Tankers expands tanker fleet

Splash24/7 19 Jul 2021
The purchase of the ship from Singapore’s Marex Maritime was funded by a combination of cash and a $13.5m bank loan that matures in seven years and is secured by the vessel, which was formerly called Marex ...
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Abaya must explain hand in hoax-making US firm Simularity

The Manila Times 18 Jul 2021
... in the South China Sea, which turned out to be practically fake news on China's allegedly villainous activities in the South China Sea, such as the alleged invasion, it reported last May of China's maritime militias in Union Banks (which is largely a Vietnam-controlled area).
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Tanzania, Kenya in fight for lucrative Uganda petroleum trade

Ghana Web 17 Jul 2021
Kenya transports about 900 million litres of petroleum products per month and is banking on ... Dodoma seems to have begun reaping the benefits of the $345 million World Bank grant to the new Dar es Salaam Maritime Gateway Project, which has significantly improved its port business.
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Aquino official behind US firm spreading fake news on Chinese activities in SCS

The Manila Times 15 Jul 2021
He was an undersecretary of the energy department, sources claimed, when the First Pacific-led triad of oligarchs started to lobby the government to allow it to explore and extract gas from the Reed Bank, which China and Vietnam also claim ... Simularity didn't mention at all that Union Banks also is mostly controlled by Vietnam.
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Report: Chinese Trawlers are Dumping Sewage Near Philippine Reefs

The Maritime Executive 14 Jul 2021
For recent Chinese vessel counts at Union Banks, this would amount to about 2,400 pounds per day in total, or roughly 30 tonnes per month ... In March, a flotilla of state-sponsored Chinese maritime militia vessels deployed to waters just off Whitsun Reef in the Union Banks area, anchoring by the hundreds at a position just offshore.
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Stena comes to the rescue of subsidiary Concordia Maritime

Splash24/7 13 Jul 2021
Stena, the parent of Stockholm-listed Concordia Maritime, has come up with a rescue package for its hard-hit product tanker subsidiary ... majority shareholder, also putting up a guarantee of up to $10m to keep banks at bay.

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