Tag: Funding

The U.S. Department of Transportation’s Maritime Administration (MARAD) has announced over $653 million to fund 41 port improvement projects under the Port Infrastructure Development Program (PIDP).

The Government of Finland has pledged funding worth 150,000 Euros to the IMO-GreenVoyage2050 project which supports developing countries in their efforts to reduce Greenhouse Gas (GHG) emissions from ships and in ports.

AYRO announced the close of a 19.2 million € ($21 m) Series B round, led by Blue Ocean, managed by SWEN Capital Partners, which brings the total funding for the leader in Wind Powered Decarbonation solutions for the maritime sector to over 30 million €.

According to IMO, its work to improve security standards at international ports has been given a lift courtesy of a £700,000 funding contribution from the United Kingdom of Great Britain and Northern Ireland.

The UK Government announced they will support innovative companies in coastal communities from Orkney to Portsmouth with £80 million of R&D funding to boost clean technology and create jobs.

TECO 2030 with partners have been invited for HORIZON EUROPE funding of EUR 13.5 million to build and demonstrate a passenger ferry powered by TECO 2030 fuel cells. The grant amount reserved for TECO 2030 is EUR 2.3 million.

The Government of Canada has announced an investment of up to $38 million under the National Trade Corridors Fund to improve cargo movement at the Port of Argentia based in Newfoundland.

The United Kingdom and the Netherlands co-hosted an online pledging event last week to raise funds for the UN plan to prevent a catastrophic oil spill from the FSO Safer, the decaying tanker off Yemen’s Red Sea coast.

The U.S. Department of Transportation’s Maritime Administration (MARAD) announced $20.8 million in grant awards to 27 small shipyards in 20 states through the Small Shipyard Grant Program.

MARAD allocates 12 million dollars funding to Marine Highway Program to expand the use of America's navigable waters.