ShippingWatch

Poseidon covers half of global ship financing as DekaBank joins initiative

With the support of Germany’s DekaBank, the banks backing the Poseidon Principles now cover more than half of global shipping financing.

Photo: Arkivfoto/Colourbox

The number of banks and financial institutions that have signed the Poseidon Principles for climate-friendly lending in the shipping industry has grown to 28.

DekaBank is the latest financial institution to join the global principles association. The 28 banks now cover more than half of the combined global lending portfolio in shipping, according to a press release.

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