Tag: shipping

From blocked shipping lanes to soaring raw material costs, senior company executives warn that supply chain pressures are structural, not cyclical, and the bill is heading to consumers, with long-term finance planning becoming harder.

The renewal and modernisation of container ships is a priority for the global firm, including the use of green methanol-powered ships.

Singapore and South Korea have signed a Green and Digital Shipping Corridor agreement aimed at supporting the maritime sector’s move toward lower-emission fuels and digitalised operations.

The facility has been designed to help mid-sized Korean shipping firms through time charter agreements; it is being supported by Crédit Agricole, Barclays and OCBC.

Precious Shipping Public Company is looking to substantially reduce emissions in a first for the Asean shipping sector, with the help of an arm of the Asian Development Bank.

During a panel at the recent Sustainable Treasurer Forum, senior executives shared hurdles faced by Apac firms with large supply chains, as ESG requirements ramp up.

High costs and uncertain technologies still hinder the scalable use of cleaner fuels, in a marine market where 99% of firms still stick to traditional fuels.

The EU has expanded its carbon trading scheme to maritime transport, including large cargo and passenger ships traveling to and from Asian ports.

eBLs stand to revolutionise a key part of international trade and yet only 2.1% of transactions are digitised. The Future of Trade Alliance is aiming to change all of that.

Estimates show that digitising the bill of lading alone, would increase annual global trade growth by $30-40 billion.

Hong Kong and Shanghai-listed China COSCO Holdings Company has appointed new financial chief Tang Runjiang to replace Feng Jinhua amid an anti-graft probe into the loss-making conglomerate.

Ken Low, CFO of PE-backed ship owner-operator GCI, on the dangers of debt financing and the cyclical nature of bank funding.