• 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 April 28

18:20 SCF Group recognized at 2016 Marine Money awards for USD 750-million Eurobond issue
18:11 ABP Humber appoints Chris Bowlas as new Head of Commercial
18:01 Kiel Ostuferhafen expansion enters fifth phase
17:58 Norwegian Сruise Line takes delivery of first purpose-built ship for China
17:50 Bunker prices sink at the port of Novorossiysk, Russia (graph)
17:27 Ships of RF Navy’s Pacific Fleet take part in exercises
17:03 Container Terminal Saint-Petersburg handled 157,600 TEUs in QI’2017, up 7.8% Y-o-Y
16:42 Skangas wins framework agreement for LNG supply
16:18 FESCO opens Kuntsevo-2 to refrigerated containers
16:00 Throughput of Taganrog Commercial Sea Port up 38% to 320,000 t in QI’2017
15:34 Throughput of Multipurpose Reloading Complex (Ust-Luga) up 30% to 1.28 mln t in QI’2017
15:10 Tuco presents new light dive boat - LDV Light Diving Vessel
14:51 IMO arranged a series of national workshops focused on biofouling
14:35 Multipurpose Reloading Complex (Ust-Luga) increased financing of its development programme by 41%
14:12 Gazprom posts IFRS net profit of RUB 951.6 bln in 2016 (up 21%, year-on-year)
13:47 Training course aimed at assessment of seafarer competence is being held in Shanghai
13:23 Andrei Iovlev appointed as Harbour Master of Rostov-on-Don port (photo)
12:59 Throughput of Tuapse Commercial Seaport up 1.5% to 4.24 mln t in QI’2017
12:28 Throughput of Sea Port of Saint-Petersburg up 4.6% to 1.8 mln t in QI’2017
12:01 Keppel Shipyard to deliver twelfth FPSO to BW Offshore
11:44 Volga-Baltic transit to be opened from April 30
11:36 Maersk Line and Hamburg Süd sale and purchase agreement approved
10:57 Roman Chesnokov appointed as head of Administration of IWW's Ob-Irtysh Basin
10:25 Vympel Shipyard launches yet another Grachonok-class boat of Project 21980 (photo)
10:02 Kiel Ostuferhafen expansion enters fifth phase
09:39 Baltic Dry Index up to 1,134 points
09:18 Indicative bunker prices go down at the port of Saint-Petersburg, Russia (graph)

2017 April 27

18:41 MacGregor divests Woodfield Systems
18:04 ABS awarded the Offshore & Marine Engineering Award
17:58 IMO joined the 3rd Pacific Regional Energy and Transport Ministerial Meeting
17:40 DHT Holdings announces receipt of unimproved proposal from Frontline
17:35 AIDAdiva kicks off the cruise season in Rostock-Warnemünde
17:20 IMO’s Legal Committee is expected to consider adopting a resolution to encourage ratification and implementation of 2010 HNS Convention
17:04 Swire Pacific Offshore wins Excellence in Manpower Training and Development award
16:49 Rasul Sultanov appointed as Chairman of Astrakhan Region Government (photo)
16:34 Bentec enters the substantial North American oilfield equipment market
16:18 SCF Group recognized at 2016 Marine Money awards for USD 750-million Eurobond issue
16:04 Seabourn and ACTA announce Corporate Partnership agreement through 2017
15:58 Record number of cruise passengers spend 63 million euro in Stockholm
15:41 Hyundai Heavy Industries posts profits of 618.7 bln won for 1Q 2017
15:40 AIDA Cruises takes delivery of AIDAperla in Nagasaki from Mitshubishi Heavy Industries
15:30 Keppel FloaTEC secures engineering and construction support services contract for first Tension Leg Wellhead Production Platform in Vietnam
15:04 Deltamarin’s bulk carrier design shortlisted for Nor-Shipping Awards
15:04 Prosafe awarded Johan Sverdrup contract
14:41 IMO Secretary-General speaks at the 1st Assembly of the International Hydrographic Organization
14:18 IMO attended International Forum on Seafarers' Education, Training & Crewing
13:57 Record number of visitors at Intermodal Asia 2017
13:52 Global bunker market: the volatility remains, expert says
13:29 NOVATEK and Rosneft confirm plans on implementation of projects in Murmansk Region – Marina Kovtun
13:02 ShipRight FastTrack(FT) enables ship designers to cope with the demand for increased FE Analysis scope
12:37 MAN Diesel & Turbo presents new high-pressure SCR for two-stroke engines
12:16 DP World reports 5.7% gross volume growth in first quarter of 2017
12:13 Bunker prices are flat staying high at the Far East ports of Russia (graph)
11:50 RF Transport Ministry suggests NSRA reorganization and authorization for additional functions (photo)
11:05 Vitaly Klyuev forecasts up to 50 large ships and 200 service fleet units to operate permanently on NSR in years ahead
10:42 NIBULON’s fleet will be increased significantly
10:18 HH Ferries Group has docked Tycho Brahe for completion of battery conversion
09:56 Brent Crude futures price down 0.42% to $52.19, Light Sweet Crude – down 0.52% to $49.36
09:34 LUKOIL BoD recommended 2016 dividends distribution in the amount of RUB 120 per ordinary share
09:19 Baltic Dry Index down to 1,147 points