Development Bank of Japan Inc. (DBJ) on Thursday (20 May) became a signatory to the Poseidon Principles.
The Principles are a voluntary initiative established by European and U.S. financial institutions to promote achievement of climate change targets in the maritime industry, for which the International Maritime Organization set medium- and long-term targets for greenhouse gas emissions reductions.
Signatory financial institutions calculate and disclose the contribution of their overall ship finance to emissions reductions each year on the basis of these targets.
Based on the Principles, DBJ, too, will disclose the yearly contribution of its ship finance to the reduction of greenhouse gas emissions.
DBJ is also promoting the GRIT Strategy*, part of its Fifth Medium-Term Management Plan, as a means of contributing to a sustainable society through investment and finance.
Its participation in the Poseidon Principles is linked to the GRIT Strategy, and the company shall be active in promoting both.
*The “GRIT Strategy” refers to the following: G: Realization of a green society; R: Construction of a flexible, strong, safe and secure regional, social and industrial infrastructure; I: Initiatives for innovation that can be evaluated as feasible for commercialization; and T: Strategic initiatives for transition based on current business fundamentals. These are the areas on which the DBJ Group will focus under the Fifth Medium-Term Management Plan.
Estimated total value of MFO which was erroneously recorded as having been delivered to the receiving vessels across the 14 proceeded CMA charges is US$121,585.60, states court document.
On 5th June 2021, VPS carried out a Remaining On Board (R.O.B.) survey on board a Singapore-registered bunker tanker at short notice by the Charterer and quickly identified the theft of 98 metric tons of bunker fuel.
No quarantine required if vessels have not called at Brazil, India, Nepal, Pakistan, the Philippines and South Africa during the 21 days prior to arrival at Hong Kong port, according to Marine Department notice.
CCIC discuss the progression of MFM technology for bunkering at Singapore port with Manifold Times; and possible development of a primary facility for MFM calibration.
‘The acquisition of PGI Industries will enhance VPS’ preventative maintenance services offered to the power sector, increasing protection and sustainability of the asset,’ says Malcolm Cooper, CEO, VPS.
A foreign vessel was involved in an alleged unauthorised STS incident with bunker tanker Pearl Melody on 5 June, Director and General Manager of Consort Bunkers tells Manifold Times.