CITI

The Poseidon Principles

The Poseidon Principles establish a framework for assessing and disclosing the climate alignment of ship finance portfolios. They set a benchmark for what it means to be a responsible bank in the maritime sector and provide actionable guidance on how to achieve this. The Poseidon Principles are consistent with the policies and ambitions of the International Maritime Organization (IMO), including…


NYK establishes Electronic Payment Platform for Seafarers

Nippon Yusen Kaisha (NYK) in collaboration with Accenture and CITI, and a joint venture with Transnational Diversified Group (TDG) developed MarcoPay for seafarers. Software, Big Data & IoT reports in Digital Ship: “NYK has formed a joint venture with Philippines-based TDG to launch electronic money platform MarCoPay for seafarers. MarCoPay is an electronic money platform designed mainly for seafarers hired…