The tug Nanuq and the tug Aiviq (not pictured) tow the mobile drilling unit Kulluk in 15 to 20-foot seas 80 miles southwest of Kodiak City, Alaska, Saturday, Dec. 29, 2012. The tug Aiviq lost the initial tow Thursday and suffered several engine failures prompting the deployment of response assets by the Coast Guard and Royal Dutch Shell. U.S. Coast Guard photo by Petty Officer 1st Class Sara Francis.
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ESG (Environment-Social-Governance) considerations are tied integrally into shipping finance. For example, the costs of vessel loans (and soon, maritime hull insurance) are linked explicitly to achievement of specific objectives for...
By Kari Lindberg (Bloomberg) — Hong Kong’s famed Jumbo Floating Restaurant may still be afloat after all. The imperial palace-shaped vessel capsized but didn’t sink, a representative for the vessel’s owner,...
Nearly 100 representatives from across the maritime industry met in Copenhagen this week to formulate an action plan for decarbonizing the shipping sector. The meeting was organized by the The...
