• 2024 February 22 15:51

    Baltic Sea Action Plan Fund allocates EUR 1 mln to 10 new environmental projects

    Total funding from the latest BSAP Fund call for proposals amounts to EUR 1 million, which will be distributed to 10 approved projects in Estonia, Finland, Sweden and Poland. The new projects focus on forestry, nutrient discharge, hazardous substances and sea-based activities. The majority of the new projects, six out of ten, will contribute positively to biodiversity.

    The latest call for proposals for the Baltic Sea Action Plan Fund closed in February 2023, with a total of 16 applications received from four different countries. The proposed projects cover eight countries. About 60% of applications were sent from new partners, highlighting the relevance of the BSAP Fund among project candidates. Sweden’s latest contribution to the BSAP Fund will secure the continuation of these projects.

    To continue improving the state of the Baltic Sea, Sweden has made a new contribution to the BSAP Fund of EUR 386,000 (SEK 4,500,000).

    With current pledge funding from Sweden and Finland of EUR 15 million, the BSAP Fund had financed a total of 73 projects at the end of 2023, with a disbursed amount of EUR 11.2 million. The leverage of the Fund is substantial: the total value of grants provided for completed projects represents about 26% of total project investments. Since its establishment, the Fund has been co-managed by Nefco and the Nordic Investment Bank.

    One of the projects receiving grants from the BSAP Fund in Sweden is Ekoskog. The NGO will focus on raising awareness of the benefits of ecoforestry among forest owners to reduce land-based nutrient input to the Baltic Sea. To do so, it will establish a certification scheme and promote the use of an Ecoforestry label already registered in the EU.

    A cross-boundary project, led by the company Innofor Finland, will partner with Swedish, Estonian and Finnish forestry associations to establish a basis for scientifically backed sustainable forestry and develop National Forestry Standards.

    In Finland, Flexens will initiate a pilot site in preparation for testing oxygen injection into the Baltic Sea and investigate opportunities for green hydrogen production.

    The Estonian company Narva Vesi will prepare all the necessary documentation for the renovation of the Narva wastewater treatment plant, whereas in Poland, Scopus Sp. z o.o will design and implement actions for avoiding litter discharge into the Baltic Sea with the use of PortBins, a trash trawl that collects waste from rivers using natural currents.

    The Baltic Sea Action Plan Fund (the BSAP Fund) was set up in 2010 to help speed up the implementation of the HELCOM Baltic Sea Action Plan, which is a roadmap to improve the ecological state of the Baltic Sea, including concrete actions addressing biodiversity, eutrophication, hazardous substances and sea-based activities. The key purpose of the BSAP Fund is to facilitate and speed up the preparation of bankable projects from both public and private entities.




2024 July 26

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2024 July 25

18:00 Western sanctions and Houthi attacks boost appeal of Russia’s Arctic Sea Route - Bloomberg
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14:44 Cyan Renewables acquires Australian vessel operator MMA Offshore
14:23 Russia ships fuel to Bolivia as it increases Latin American sales - Reuters
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13:12 Bumi Armada, Navigator Gas and Bluestreak CO2 announce MoU with Uniper for joint study on export of CO2 emissions from proposed UK carbon capture plant
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11:10 EMA and MPA shortlist two consortia to further study viability of ammonia for power generation and bunkering
10:40 AW Shipping inks contract with CSSC Jiangnan Shipyard for the construction of two 93,000 cubic meters very large ammonia carriers
10:09 Corvus Energy Blue Whale ESS awarded RINA Type Approval
09:48 Opulent Maritime selects ADP Clear to digitize its bunkering operations

2024 July 24

18:00 MSC invests in multimodal terminal adjacent to Paris via MEDLOG
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17:00 Shipping firms respond to Houthi attacks in Red Sea
16:32 China’s shipbuilding output rises by 18.4% in H1 2024
16:04 The EU ETS to run the global tanker fleet more than €2bn by 2030
15:49 Typhoon Gaemi halts bunkering in Taiwanese ports
15:23 Container ship fleet expands by 11%, fastest growth in 15 years - BIMCO
14:55 MPC Container Ships takes delivery of final 5,500 TEU methanol-ready boxship from Korea
13:32 A methanol-powered cargo ship arrived in Estonia for the first time
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12:15 Rijeka Gateway adopts private 5G campus network
11:46 Valenciaport handled 2.7 million containers in H1 2024
11:24 Fincantieri signs order with Carnival Corporation for three mega-cruise ships
10:53 Energean takes FID for the Katlan development project in Israel
10:23 Australia announces three years’ worth offshore acreage for petroleum exploration and CCS
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2024 July 23

18:00 Telemar to provide global safety support services to seven Ignazio Messina container vessels
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16:42 Qatar Navigation and Qatar Steel sign a 5-year agreement to provide stevedore services
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11:25 ADNOC L&S joint venture awards $1.9bln contract to Chinese shipbuilder
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10:24 NYK Bulkship installs NYK Group’s first wind-assisted ship-propulsion units
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2024 July 22

18:06 Manzhouli railway port handles 2,327 China-Europe freight train trips in 1st half of 2024
17:36 NORDEN to acquire Norlat Shipping to further grow projects and parcelling activities
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15:56 Trafigura Group takes full ownership of High Heat Tankers
15:46 China delivers world’s first river-sea LNG bunker and transport vessel
14:51 Hartmann receives new LNG-powered LEG carrier
14:14 Jiangnan Shipyard supplies dual-fuel VLEC gas Huanghe