Euronav

Marine Transportation, Oil & Gas 19-Aug-2020

Reemergence of Floating Storage Tankers

Amidst the global economic standstill due to the pandemic, a tremendous glut in crude oil supply resulted, and consequently, oil prices plunged. This boded well for the oil tanker industry. But effective May 1, oil producing countries have begun to lower output to reduce the over supply of crude oil. As a result, the price of crude oil has doubled,…

Marine Transportation, Maritime Law, Maritime Safety 6-May-2020

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…