US reportedly seized tanker with Iranian oil before Advantage Sweet incident tradewindsnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tradewindsnews.com Daily Mail and Mail on Sunday newspapers.
Following four years of growth, Macquarie Group’s Shipping Finance business’ loan book has recently passed $US1 billion. The business, which specialises in providing finance to small and medium sized shipowners, has now financed over 190 vessels globally, with a total market value of more than $US3 billion. Macquarie identified the opportunity to establish its shipping .
Photo: Pepi Stojanvski - Unsplash The environmental, social and governance (ESG) revolution in financing creates a unique opportunity for Singapore to demonstrate its leadership in the maritime sector, according to a ship finance expert.
Speaking at Capital Link’s Singapore Maritime Forum, Julian Proctor, CEO of Purus Marine said: “This is a phenomenal opportunity for Singapore to really take leadership when it comes to green finance. London is taking a lead in green finance but in Asia there really isn’t a financial capital that is showing that leadership. Given Singapore’s natural maritime complex and the skills surrounding that ecosystem, there is a unique opportunity for Singapore and the MPA (Maritime and Port Authority of Singapore) to provide that leadership.”
Snippets of Logistics and General Freight News This Week
What You May Have Missed but Want to Know
CYPRUS – WORLDWIDE – This week Cypriot Shipping Deputy Minister, Vassilios Demetriades wrote to both the EU Transport and Health Commissioners and the International Maritime Organization’s (IMO) Secretary-General outlining proposals to better ensure the safe vaccination of all crew against the Covid virus.
The Minister suggested that seafarers involved in short sea traffic should all be immunised locally whilst deep sea staff should be vaccinated ashore and those at sea designated as ‘bubbles’ in isolation. In all cases the vaccines used should be subject to a globally agreed standard with adequate numbers of approved vaccines, acceptable to all governments, administered in the seafarers country of residence to before travelling to join their ships.