CSSC (Hong Kong) Shipping Company Limited publicly announced that on 10 May 2023 a sale & lease back agreement with Fratelli Onorato Armatori, company part of Moby, has been sealed for the two newly built ferries MOBY FANTASY and MOBY LEGACY.
MOBY FANTASY has just been delivered in May and is now en route to Italy.
MOBY LEGACY is expected to be delivered by August 2023.
LR wrote on its website that it has appointed Michele Landro to its newly created role of Vice President, head of passenger ships segment, where he will lead the segment at a global level, supporting its long-term sustainable growth and providing strategic direction while nurturing key client relationships and industry networks.
Landro, who has a technical background including a master’s degree in Naval Architecture and Marine Engineering from the University of Genoa, has 15 years’ experience in the maritime sector.
Besides Cruise, Landro will also focus on Ferries and Ro-Ro ships.
11 major shipping banks, representing a bank loan portfolio to global shipping of approximately $100 billion will for the first time integrate climate considerations into lending decisions to incentivize maritime shipping’s decarbonization.
The Poseidon Principles are a global framework for assessing and disclosing the climate alignment of financial institutions’ shipping portfolios consistent with the policies and ambitions of the Initial GHG Strategy adopted in April 2018 by member states of the IMO.
The Principles were developed in an effort spearheaded by global shipping banks – Citi, Societe Generale, and DNB – and leading industry players – A.P.Møller Mærsk, Cargill, Euronav, Lloyd’s Register and Watson Farley & Williams – with expert support provided by the Global Maritime Forum, Rocky Mountain Institute and University College London Energy Institute.
The Poseidon Principles establish a common baseline to quantitatively assess and disclose whether financial institutions’ lending portfolios are in line with adopted climate goals. In this way, they also serve as an important tool to manage critical investment risks.
