With sustainability demand growing maritime is moving towards a global green ship finance market with a major demand expected for retrofit funding, according to KfW IPEXBank. Speaking at a DNV green ship webinar on Wednesday Stephan Vetter, Vice President, KfW IPEX-Bank ...Damen and PurusMarine team up to finance green shipping projects.
After collecting information on shipping from every major port in India, they were able to calculate individual ship outputs of pollutants and greenhouse gasses like PM2.5, SO2, NOx, and CO2... do benefit from shore power regulation, those still reliant on coal-power may be better served investing in a cleaner grid than switching ships to shore power.
Deutsche Bank’s risky investment in a distressed cargo-shipping company is poised to reap a $1 billion windfall for the scandal-ridden financial giant, according to a report ... In 2016, the German lender began snatching up tens of millions worth of Zim Integrated Shipping Services Ltd.’s bonds, bank loans, and equity.
NYSE-listed containership owner Costamare Inc has purchased of 16 ships in a transformational deal that sees the company putting some of its mounting cash balance into expanding into dry bulk carriers ... Two of the ships have already been delivered while the rest are expected to be delivered by January 2022.
"At this point all that we are getting out of this is the benefits of a healthy and very legitimate commercial relationship," he said in an interview with CNBC on Monday, pointing to the large and successful case of bilateral collaboration under the BRI in Greece -- ChineseCOSCO SHIPPING's investment project at the PiraeusPort.
Developed nations, including the United States, must also encourage and coordinate investments into companies that produce raw materials. Vaccine distribution has also been held up by shipping bottlenecks ... Committing to investment, while solving manufacturing, shipping, and distribution problems, is the fastest way to end the suffering.
No one is saying that conventional LNG is the end game when it comes to solving the shipping’s decarbonisation conundrum ...Zero-carbon fuel solutions for deep sea shipping are likely to be a decade or more away from any scale of supply; requiring huge investments in renewables, infrastructure, safety, and operational testing and analysis.
When asked about the bill by a reporter earlier in the day, Merkley replied, “When the ship sails on infrastructure, energy investments cannot be left on the docks ... After wasting weeks on the dry socket of Republican cooperation, however, the ship appears to finally be steering the only course it really ever had to begin with.
DUBAI // Exports of the national fruit are expanding globally as a local company plans to double its production of chocolate-covered dates. With Chocodates already being shipped to 35 countries, Notions Group is moving production to a plant in Dubai Investment Park, which is much larger than the current one ... email@example.com. .
Mike Harrington. The New York Yankees arrived at Sahlen Field on Tuesday and their general manager was in tow ... +2. Mike Harrington ... "We got off to a very difficult start the first couple of weeks, then righted the ship for a week ... "You're invested in this job, you care about what's going on, how the team performs, the guys in that room and the staff.
There seems to be a blind spot in maritime shipping’s road to decarbonization ... Unlike other alternative fuels being discussed, bio-LNG is available to shipping now and production is scaling up rapidly ... Shipping giants across the world are announcing investments into LNG-fueled newbuildings.
A container cargo ship in RotterdamHarbour on April 4, 2021 in the Netherlands... Starting in 2016, the bank loaded up on debt and equity of Zim Integrated Shipping Services ... Deutsche Bank's investment in a distressed Israeli shipping firm is set to pay out as much as $1 billion, according to a report from Bloomberg.
Wexford-based software company Scurri has secured €9 million in investment and plans to triple its workforce over the next two years. The company which helps businesses ship their products around the world, said this latest round of funding will be used to accelerate growth in the UK market.