Silver bullet for green shipping in ship financing?

Shipping regulations are always in a state of flux. Here, lawyers from ASD, an International Union of Marine Insurance Professional Partner (IPP), consider two of the most pressing issues of the day – the climate and cyber risks. First, Stephanie Landauer and Lars Kortländer, of ASD law firm, ask whether the Poseidon Principles will prove the answer when it comes to green ship financing

In November 2017 three global shipping banks (Citi, Societe Generale, and DNB) initiated a broad discussion on climate risk in ship finance and “greener” shipping, supported by the industry (AP Møller Mærsk, Cargill, Euronav, Gram Car Carriers, Lloyd’s Register and Watson Farley & Williams) and experts (Global Maritime Forum, Rocky Mountain Institute, and University College London Energy Institute).