Tag: EU

DP World, Dubai-based port and terminal operator, commenced a strategic partnership with Switzerland’s container terminal operator, Swissterminal Holding AG, which will come into force in January 23. Specifically, in the partnership DP World will take a 44% stake in the Swissterminal Holding AG with the Mayer family — that founded the business — remaining the majority shareholder.

The European Commission gave the green light for the acquisition of joint control over four project companies with concessions to build or operate port terminals in West Africa by A.P. Møller Capital of Denmark. 

INESC TEC Insitute along with the energy company EDP, launched a project for the construction of the first real-time maritime robot testing center, used for offshore wind in Europe. Through this offshore project, development of monitoring and maintenance technologies for offshore infrastructures will get a boost.

Recently, the North P&I Club issued its revised guide on evaluating the risk of sanctions, focusing on the application and scope of the U.S. and EU sanctions, in regards to their jurisdiction over companies; whether other sanctions apply to trading partners- such as banks, insurers or reinsurers or whether there are there any “party” related sanctions which impact on the ability to complete the contemplated trade, among other issues.

The University of Southampton launched a study presenting a number of sites in Europe which contain gas hydrate, including areas off the west coast of Greenland, around Svalbard, off central Norway and west of Ireland.

The International Group of P&I Clubs has published its Annual Review which provides an overview of the Group, key activities and areas of engagement.

The European Union presented the European Green Deal's Investment Plan - the Sustainable Europe Investment Plan, which will attract public investment and unlock private funds through EU financial instruments, most importantly InvestEU, which can lead to at least €1 trillion of investments.

The Hamburg Institute of International Economics has drafted a new market analysis on offshore wind energy and decommissioning under the INTERREG-North Sea project „DECOM Tools“, revealing that the number of turbines coming into question for decommissioning will steadily increase from 2020 onwards.

The World Maritime University (WMU) along with the European Maritime Safety Agency (EMSA) informed that inked a Cooperation Agreement in order to enhance capacity building and research matters, while focus on the design, development and delivery of joint training activities in their common areas of interest and research.

The National Defence Authorisation Act for Fiscal Year 2020 (NDAA 2020) was signed by President Trump on December 2019, and includes several sanction-related measures mostly targeting specific European energy programmes in which Russia participates in.