FRS Foundation announces International Sustainability Standards Board

By | 2021 Newsletter week 47 | No Comments

During COP26 global summit, the IFRS Foundation Trustees announced three significant developments to provide the global financial markets with high-quality disclosures on climate and other sustainability issues.

The additional metric on climate will have to be adopted as part of a company’s IFRS. That means reporting on emissions targets and ways to reduce it. The market will look at it positively if a company reaches its targets. If not, the value of a company might decrease in the stock market.

(*) The IFRS Foundation is a not-for-profit international organisation responsible for developing a single set of high-quality global accounting and sustainability disclosure standards, known as IFRS Standards.

Stena RoRo’s SAGA chartered as a floating hotel

By | 2021 Newsletter week 47 | No Comments

On 16 November 2021, Stena RoRo’s SAGA (1981) left Greece.

Rumour has it that she has been chartered for 18 months as a floating hotel in the Philippines.

The large ferry arrived at the Perama repair zone on September 10 to undergo her conversion.

The project was undertaken and completed on time (50 days) by the well-known turn key contractor VDN-IPPOKAMPOS.

SAGA is currently on her way to Singapore. [MarineTraffic]