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The Poseidon Principles Disclosure Report is good, but the disclosure could have been better (Forum)

In December 2020, the signatories of the Poseidon Principles—currently twenty large banks—released their first Annual Disclosure Report. As the first paragraph of the report says: “This report represents the first time signatories of the Poseidon Principles disclose the climate alignment of their ship finance portfolios. It marks a significant milestone in the joint efforts of

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Heddle hires new Chief Strategy Officer

Heddle Shipyards, the largest Canadian ship repair company on the Great Lakes, announced that Jared Newcombe has been hired as Chief Strategy Officer effective 4 January 2021. “I am extremely proud to announce Jared Newcombe as our new CSO. It is a testament to the growth of Heddle that we have been able to attract

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World Shipping Council pleads for more collaboration to mitigate Covid-19 challenges (Forum)

Ocean carriers are taking all available measures to improve the speed and efficiency of cargo movement including employing all available vessel tonnage says the World Shipping Council.  When demand dropped some 20-30% in Q2 2020, carriers curtailed services and idled vessels. However, as cargo volume rose, carriers redeployed those assets as quickly as possible. Alphaliner

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As it stands, crew changes will get worse before they get better

Crew changes are once more becoming difficult as much of the world locks down again following the emergence of several new and more transmissible variants of Covid-19, warns crew specialist Danica. With travel corridors being closed and new travel restrictions imposed, airlines are once again cancelling or reducing flights which poses a problem for crew

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Logistec’s Gulf Stream Marine add five terminals in Texas to Green Alliance

Montréal – Logistec Corporation (“Logistec”) and its U.S. Gulf Coast affiliate, Gulf Stream Marine, Inc. (“GSM”), announced the addition of five terminals in Texas that will be certified as part of the Green Marine Environmental Certification Program. GSM’s Corpus Christi, Manchester, Brownsville, Care and Freeport terminals in Texas will be joining Logistec’s 13 other Green Marine

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Logistec Stevedoring appoints Phil O’Brien as Vice-President, Business Development

MONTREAL- Logistec Stevedoring Inc. is very pleased to welcome Philip O’Brien to the Logistec team as Vice-President, Business Development. Mr. O’Brien will lead Logistec’s experienced sales and business development team, accelerating revenue through network expansion, developing new opportunities and contributing to Logistec’s bold growth strategy. He succeeds Frank Vannelli who has retired.  Mr. O’Brien was formerly President

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Siemens Gamesa and Siemens Energy join forces towards offshore green hydrogen

Siemens Gamesa and Siemens Energy announced today that they are joining forces combining their ongoing wind-to-hydrogen developments to address one of the major challenges of our decade — decarbonizing the economy to solve the climate crisis.     The companies are contributing with their developments to an innovative solution that fully integrates an electrolyzer into an

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Maersk renews expanded partnership to rid oceans of plastics

  Copenhagen, Denmark – A.P. Moller-Maersk announced it is renewing for three years and expanding its partnership with The Ocean Cleanup, a foundation dedicated to ridding the oceans of plastics.  The Ocean Cleanup’s mission is to develop advanced technologies to rid the world’s oceans of plastic. To achieve this goal, they aim to stop the

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