Big banks incorporate climate considerations into shipping loans
Banks are now prepared to place climate demands on their maritime customers. Several of the world's leading shipping banks are working on a set of guidelines under the name "Poseidon Principles", which aims at pressuring the sector into thinking green, gathers ShippingWatch.
The upcoming global sulfur cap, which will impact world's shipping industry from 2020, will not only leave the companies with an extra bill. The regulations now seem to be influencing banks and their extension of credit to the sector, in regard to considering their CO2 emissions.
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