Exploring the challenges for capital providers, shipowners, charterers/cargo owners.
The EU Taxonomy Regulation provides uniform criteria for shipping companies and capital providers, and investors to identify whether an economic activity is “environmentally sustainable”. This classification system will assist the capital providers in determining what is, or is not, green.
MARE FORUM and RINA are hosting this online round table discussion, consisting of leading principals of the maritime industry chair-holders. They will exchange their thoughts and ideas on the challenges provided by this regulation to the European and global maritime industry.
Industry players don’t tend to know too much about this legislation. How do you plan ahead and how do you ensure compliance?
What does taxonomy mean for your business? The regulation is very granular: its application differs significantly depending on the type of company.
Ship finance will be affected. How will lenders deal with the fact that the legislation is quite restrictive, e.g. it bans fossil fuels. Will it reduce credit opportunities?
How do owners / charterers change their business to ensure they don’t lose out on such financings?
Is there an overload of compliance? Poseidon Principles, Taxonomy, Green principles, etc.
How will other jurisdictions (primarily the US and Asia) follow suit on this?
Is the taxonomy regulation in harmony with the IMO rules?
Tue, May 18, 2021 · 11:00 AM
Duration: 1 hour 30 minutes
Who can attend?Anyone with the event link can attend
George advises on all aspects of ship financing, with a focus on structured/asset finance, leasing transactions, restructurings/work-outs and large-scale loan portfolio transfers, as well as on the commercial matters relating to the sale,...
Secretary General, European Community Shipowners’ Associations (ECSA)
Martin Dorsman has been the Secretary General of the European Community Shipowners’ Associations since the 1st of November 2017. From June 2011 to the date of his appointment as Secretary General he had been the managing director of the Royal...