Extract from the Cornerstone Journal of Sustainable Finance & Banking, January 20134written by Robert DiMarsico, Managing Director at Poseidon Capital Corp and Senior Advisor to Shipping Practice at FTI Consulting Inc. Subscribers can view the full article in the January edition.

Carrying 90% of world trade, shipping is a critically important industry, one which until recently was not well understood or widely followed in the U.S. However, shipping has emerged from the shadows and has made important strides in adopting better corporate governance, environmental and social practices and there are a growing number of companies who are following these practices and seeing the benefit in terms of increased access to capital at improved pricing among other benefits.