In deciding who to lend to, banks look at companies’ track records and environmental, social and corporate governance strategy

‘We will probably downgrade the ratings of the company and step away from financing’ it, if it is engaged in unsustainable practices, says head of maritime at a leading bank

Attica sees results ‘normalising’ to pre-lockdown levels, despite losses in the first half of the year 

Conditions for containership owners are likely to deteriorate amid a downturn in the sector. Seaspan could better face the market under private ownership

Braemar is in the process of closing a transaction with a loan-to-asset value of 100% of the vessel-purchase price

Defaults are not a fixture in the market yet, despite the rising interest rate backdrop

There is still a lack of standardisation of reporting, terminology and data in the industry

Bank officials could call an emergency board meeting as soon as later today to make a decision on the DSME sale to the defence-to-chemicals conglomerate

The shipping industry is not on a trajectory to hit net zero by 2050. The only way it will find the pace and scale required to correct this dangerous path is to stop looking at this as a shipping problem

KfW IPEX-Bank joins the coalition of financial institutions and marine insurers as chairs announce more ambitious emission targets and expect more announcements from the industry

Freight rates and demand remain higher than they were before the pandemic, but the direction of travel is obvious. Carriers will need to match capacity with demand to halt further falls

Partnership posts second-quarter earnings in line with expectations