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Splash247
regulations February 19, 2026

Poseidon Principles' New Chair Advocates for Continued Climate Disclosure

Paul Taylor, the newly appointed chair of the Poseidon Principles Association, has urged banks to maintain maritime transparency amid geopolitical tensions and a rollback of green legislation in the US, as reported by Splash247. Taylor, who also holds the position of global head of maritime industries at Societe Generale, emphasized the importance of climate disclosure in the sector.

Splash247
fleet February 19, 2026

Sinokor Controls 25% of Compliant VLCC Fleet

Sinokor, led by Ga-Hyun Chung, now controls one in four compliant Very Large Crude Carriers (VLCCs), as reported by Fearnleys. This follows the company's significant activity in the S&P and charter markets over recent months, according to Splash247.

Splash247
ports February 19, 2026

APM Terminals Acquires Stake in Jeddah Islamic Port

APM Terminals has acquired a 37.5% minority stake in the Southern Container Terminal at Jeddah Islamic Port, while DP World retains a 62.5% majority share, as reported by Splash247. The terminal will continue to be operated by DP World under a 30-year build-operate-transfer concession.

Jeddah Islamic Port (SA)
Splash247
environment February 19, 2026

Shipping Faces Unaccounted Carbon Costs from Crew Change Travel

Pippa Ganderton highlights in Splash247 the overlooked environmental impact of crew change travel on shipping's carbon footprint. The industry's decarbonization efforts have primarily focused on optimizing vessel performance, but the Scope 3.6 emissions from crew travel are becoming increasingly significant.

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