Shipowners and lenders will have to face up to the fact that the green transition in shipping could cut the active life of vessels, bankers warned.
The TradeWinds Digital Forum heard on Tuesday that companies face big risks investing in new technologies against a background of rapidly shifting environmental regulations.
Paul Taylor, global head of shipping and offshore at French lender Societe Generale, told the forum: "Slowly but surely shipowners are realising the Poseidon Principles will have a great impact."
