Wallenius Wilhelmsen gets loans worth $800m for emission reductions

Oslo-listed car carrier operator Wallenius Wilhelmsen has secured $800m worth of vessel-secured bank financing linked to the company’s emission reductions. The facilities consist of two new financing deals signed with 11 banks at the end of June, of which $670m was drawn down, mainly to repay $569m of existing vessel debt, while the remaining $130m

Can we consider ESG reports as a replacement for real sustainability?

ESG reporting means revealing environmental, social and corporate governance data. The purpose of ESG Reports is to throw focus on a company’s ESG activities and improving investor transparency while inspiring other organizations to do the same. Of late, corporate leaders are facing conflicting signals with regard to environmental, social, and governance reporting, which has generated

Sustainability: Technology is key to achieve decarbonization goals

Of late, governments across the world are aggressively considering and unveiling plans to bring in to force sustainability initiatives and decarbonization targets to realize net-zero emissions by 2050 or before. A majority of the nations which have committed to achieve carbon neutrality by 2050 target date are smoothly moving forward on that path.  Innovative and technological-driven ideas

UK maritime industry leaders discuss ABS advances in technology

ABS brought together UK maritime industry leaders to discuss the latest advances in sustainability and digital classification. The UK National Committee Meeting heard how the ABS-classed fleet had grown to 279 million gross tons and secured the number one position in global orderbook share. They were given a glimpse of the future of classification, with

Wärtsilä, Anglo-Eastern reach major milestone in joint project

Wärtsilä Voyage, part of the technology group Wärtsilä, and ship manager Anglo-Eastern are proud to announce a significant milestone in their joint project to improve safety and environmental sustainability at sea. As of April 2022, more than 500 vessels in Anglo-Eastern’s fleet have been fitted with Wärtsilä Voyage’s Fleet Optimisation Solutions (FOS), a cutting-edge decision

ABS presents the latest advances in sustainability

More than 30 maritime industry leaders from across Denmark, Norway, Sweden and Finland attended the ABS Northern Europe Committee to hear about the latest ABS advancements in sustainability and classification services. “We are pioneering new sustainability strategies and services to support our clients and members through their decarbonization journey. Because the sustainability challenge is too

Volkswagen joins sustainable mining initiative IRMA

Volkswagen announced that it joined a group to reach its environmental and social standards in the mining sector. Initiative for Responsible Mining Assurance Being the world’s No.2 carmaker in the world it is essential that the raw materials used are sustainable for their upcoming models in the EV lineup. As a result, VW joins hands

Nafed signs deal with IOC to curb carbon emissions

Agro co-op giant NAFED inked an MoU with Indian Oil Corporation (IOC) in order to increase biofuel production in the country in order to reduce carbon emissions, among other things. The event was attended by senior officials from Nafed and the IOC. “MoU b/w IOC & NAFED was signed on 15 Feb 2022 to set-up