• 2017 April 21 13:02

    EIB and ABN AMRO provide EUR 150 million to finance green shipping

    The European Investment Bank and ABN AMRO sign an agreement today to support investments for greening the European shipping fleet. This framework is the first with a financial institution in the Netherlands.

    The framework guarantee agreement will make that sure promoters of green projects in the maritime transport sector can benefit from favourable financial terms as a result of the EIB's AAA rating. The facility is open for both retrofitting of existing shipping as well as for projects that envisage the construction of new vessels with a green innovation aspect and applies to both inland shipping and seagoing operators.

    “The Bank received a clear signal from the market that there was a financing gap for the greening of shipping fleets.” said EIB vice-president Pim van Ballekom. “By allowing the EIB to take more risk, the Investment Plan for Europe enabled us to create a new instrument to support shipping companies in complying with the European sustainability standards. This is the second agreement under a EUR 750 million EFSI Green Shipping Guarantee Programme, which was set up after numerous discussions with Dutch counterparts from the public and private sector. We are really looking to ship owners to make use of it so that we can implement it in other countries as well.”

    The programme is meant for projects that will improve the environmental performance of transport vessels in terms of diminishing the emission of pollutants as well as increasing fuel efficiency. Projects should be proposed to ABN AMRO and will be subject to the eligibility and risk acceptance criteria.

    The agreement is supported by the Connecting Europe Facility and was made possible by the European Fund for Strategic Investments, central pillar of the Juncker Commission’s Investment Plan for Europe.

    The European Investment Bank is the long-term lending institution of the European Union owned by its Member States. It makes long-term finance available for sound investment in order to contribute towards EU policy goals. Transport projects accounted for EUR 12.5 Bln of the EIB’s investments over 2016.

    The Investment Plan for Europe, the so-called Juncker Plan, is one of the European Commission's top priorities. It focuses on boosting investments to create jobs and growth by making smarter use of new and existing financial resources, removing obstacles to investment and providing visibility and technical assistance to investment projects.

    The European Fund for Strategic Investments (EFSI) is the central pillar of the Juncker Plan. It provides a first loss guarantee, allowing the EIB to invest in more, often riskier, projects. The EFSI is already showing concrete results. The projects and agreements approved for financing under the EFSI so far are expected to mobilise more than EUR 183 billion in investments and support over 425,000 SMEs across all 28 Member States.

    Under the Connecting Europe Facility (CEF), EUR 24.05 billion is made available from the EU's 2014-2020 budget to co-fund priority transport projects in the EU Member States.


2017 December 11

12:24 Gdansk, Poland to host Transport Week 2018 on March 6-8
12:01 JNPT records growth of 5.76% in container handling DPD share up at 34.73 per cent
11:48 Marine environment protection in Southeast Asia gets fresh backing from Norad
11:33 IMO took part in Salvage & Wreck London 2017 Conference
11:09 Vroon holds naming ceremony for VOS Stone
10:46 RF Transport Ministry starts drafting a bill to divide work between providers of pilotage services
10:22 Brent Crude futures price down 0.43% to $63.13, Light Sweet Crude – down 0.4% to $57.13
10:00 DNV GL presents GTT and TECHNOLOG with GASA statement for exoskeleton LNG tanks
09:59 Throughput of port HaminaKotka (Finland) up 10.4% to 13.36 mln t in 11M’17
09:40 Throughput of port Ventspils (Latvia) up 9% to 18.5 mln t in 11M’17
09:34 China Merchants Port officially operates Hambantota Port
09:17 Baltic Dry Index up to 1,702 points

2017 December 9

06:36 Hapag-Lloyd to increase rates for all cargoes and all container types from North East Asia to Australia
06:35 British Ports looking for cross border trade solutions as the UK and EU pass first big hurdle in the Brexit negotiations
06:30 Polarcus secures funding for 3D broadband project in Australia
04:11 CMA CGM GROUP completes the acquisition of MERCOSUL Line and strengthens its service offering in South America

2017 December 8

21:46 Neptumar agency successfully completes challenging two-phased delivery of project cargo from China to St. Petersburg
18:17 Yamal LNG loads first batch of LNG on Christophe de Margerie tanker
18:06 Wison multifunctional LNG Distributor granted AiP by DNV GL
17:06 China Classification Society signs Framework Agreement with MAN
16:58 Sredne-Nevsky Shipyard is ready to lay down yet another mine countermeasures vessel for RF Navy (photo)
16:27 Ice-class ships Spasatel Demidov, Admiral Lazarev and Admiral Serebryakov will assist vessels in the Kerch Strait this winter (photo)
16:05 MAN PrimeServ China signs Service Station Agreement with Zhoushan Xinya Shipyard
15:36 CMA CGM premium service to optimize CO2 emissions
15:34 Morsviazsputnik and Qiwi Blockchain Technology signed cooperation agreement (photo)
15:10 Port of Liepaja (Latvia) handled 6 mln t of cargo in 11M’17, up 18% Y-o-Y
14:46 ABB opens first ABB Ability™ Collaborative Operation Center in China
14:19 ABB AbilityTM extended with digital turbocharging solutions for marine
13:48 Sovcomflot’s Christophe de Margerie named Engineering Project of the Year at 2017 Platts Global Energy Awards
13:43 Jumbo signs LOI to order new LNG powered offshore construction vessel
13:25 Bunker prices go down at the port of Novorossiysk, Russia (graph)
13:01 Teekay Tankers announces management change
12:30 Le Havre, France hosts "Women in Port Management" course
12:01 Port of Virginia posts results for Nov 2017
11:43 LUKOIL starts drilling of first production well at Filanovsky field's Phase 2
11:22 FESCO transported 21 000 tons of cargo to northern Russia
11:01 BMT awarded new funding for autonomous navigation
10:40 Brent Crude futures price up 0.06% to $62.24, Light Sweet Crude – up 0.02% to $56.7
10:19 Bunker prices go down at the Port of Saint-Petersburg, Russia (graph)
10:01 Diana Shipping announces time charter contract for m/v Boston
09:38 Murmansk Sea Fishing Port handled 308,800 t in 11M’17, up 8.8% (photo)
09:20 Baltic Dry Index up to 1,679 points
09:13 Wärtsilä Linesafe for propeller shafts revolutionises bearing design
08:12 Ports of Long Beach and Los Angeles ask for proposals to reduce vessels’ at-berth emissions
07:11 ME-GI/ME-LGI dual-fuel engines hit 100,000 operating hours
06:12 ABS Executive lays out vision for future of shipping
05:12 Fincantieri launches new cruise ship “Nieuw Statendam”
04:13 London leads with first Air Quality Strategy for a UK port
03:13 CSSC GWS smart ship project achieves LR cyber-enabled ship (CES) descriptive notes
02:13 DNV GL presents GTT and TECHNOLOG with GASA statement for exoskeleton LNG tanks
01:24 SBM Offshore awarded turnkey contract for Statoil’s Johan Castberg turret mooring system

2017 December 7

18:15 MABUX Weekly Report: Rising oil production in the U.S. may pressure bunker prices
18:11 Throughput of port Riga (Latvia) down 6.7% to 31.11 mln t in 11M’17
17:50 Antwerp will host European Environmental Ports Conference on 16-17 May 2018
17:28 The Port of Gdansk gets yet another EU subsidy
17:05 Crowley’s newest LNG-fueled ConRo ship launched at VT Halter Marine
16:35 Prosafe extends standstill agreement with Cosco
16:16 Port Bronka presents railway-yard project for Russia to take over dry bulk cargo flows (photo)
16:05 OOCL introduces Japan Vietnam Service
15:37 Wärtsilä enters joint project agreement for shuttle tanker development