The Poseidon Principles, embraced by 80% of global ship finance, have aligned with the IMO’s net-zero emissions ambition by 2050, reflecting a commitment to climate action and transparency in maritime lending decisions. Despite industry challenges, such as port congestion and personnel shortages, the principles have shown significant progress in decarbonization efforts, with a +95.4% reporting percentage indicating growing industry recognition of the importance of transparency and collaboration in achieving sustainability goals. The publication of the 2023 Annual Disclosure Report highlights the shipping finance sector’s leadership in fostering a more sustainable future for the maritime industry.
Sector: Policy
Taking Action on Operational Efficiency (Operational Efficiency Ambition Statement Actions Report)
To analyze the experience and content of 26 shipping companies introducing 70 measures aimed at improving operational efficiency and reducing GHG emissions.
Based on this, in order to improve ship operation efficiency, the report describes key issues and related cases in which interested organizations, such as ship owners, charterers, management companies, ports, and terminals closely related to ship operation, should cooperate with each other.
Oceans of Opportunity
To explain the impact of green methanol and ammonia and propose the implementation of zero-emission fuel bunkering at ports by 2030
Analysis on interaction of CII with GFS: Calibrating IMO energy efficiency and fuels targets
To recommend effective strategies for the shipping sector to achieve the IMO emission reduction targets
2024 EPS ESG Report
To demonstrate the ESP’s commitment to environmental stewardship, social responsibility, and governance practices, and to highlight various initiatives and achievements in reducing carbon emissions and promoting sustainable practices.
Assessing impacts of EU and US policies on accelerated deployment of alternative maritime fuels
To evaluate the impact of policies, analyzing how recent climate policies from the EU and US, specifically the US Inflation Reduction Act and EU ETS along with the FuelEU Maritime Regulation, affect the adoption and deployment of alternative marine fuels.
To identify the investment implications of these policies, focusing on the synergies of the US and EU policies.
To provide actionable insights for stakeholders.
Cost of Regulatory Compliance Lower with LNG
To provide information on the impact of alternative fuels choice
Climate Action in Shipping (Progress Towards Shipping’s 2030 Breakthrough)
To urge further progress through evaluation of the performance of the technology and supply sector, demand sector, finance sector, policy sector and civil society sector in shipping over the past year
Key Issues in LCA Methodology for Marine Fuels
To highlight the impact of key considerations and methodological decisions when doing an LCA and demonstrate how these can impact the emissions attributed to different fuels
Review of maritime transport 2023; Towards a green and just transition
To analyze trends in seaborn trade, global shipping services, freight rates, infrastructures at ports in 2023. etc., and discuss challenges in relation to the transition to decarbonization