Shipowners should worry about the future scrapping of vessels they sold into the secondhand market years ago, not just ships they sell to cash buyers themselves.
Banks are increasingly making borrowers conscious of whether they sell ships to other reputable owners that will eventually scrap them responsibly, according to environmental, social and governance (ESG) expert Joachim Nahem.
The founder of Oslo-based consultancy Governance Group told TradeWinds: "It would look bad for a bank like DNB if they had financed an owner in the life cycle of a...
