It’s probably a safe bet that US, Texas-based Beal Bank will not be a signatory to the Poseidon Principles any time soon.
Rather, the lender, headquartered in Plano, near Dallas, seems to be the antithesis of those banks aligning to promote green-shipping protocols. Beal’s shipping director, Andy Longhurst, was not shy about saying so in remarks to Marine Money’s annual New Orleans finance forum last week.
