Funding

Possible EU subsidy for Porthos CO2 storage project

The European Union is prepared in principle to provide a subsidy for the Porthos project on storage of CO2 from industry in Antwerp, Ghent, Zeeland and Rotterdam beneath the North Sea. This is according to the list of energy projects that the European Parliament approved on Wednesday.

JAXPORT awarded $93 million for its deepening project

The US Federal government recently granted $93 million to JAXPORT, concerning the next phase of its upgrade project. Namely, the investment will focus on the deepening of Jacksonville shipping channel to 47 feet from its existing depth of 40 feet.

Dutch Research Council funds offshore wind study with EUR 1.1 million

The Dutch Research Council has approved funding of EUR 1.1 million for a project research in the field of large scale offshore wind production by developing offshore storage and transport alternatives. This comes in line with the ambition of the Dutch government to establish 75 GW offshore wind capacity by 2050.

New €250 million fund to boost Dutch shipping

The Netherlands has initiated the NesecShipping Debt Fund, under which institutional investors and the Province of Groningen will offer financing for Dutch shipowners who are planning to acquire (or re-build) short-sea vessels.

EU grants $20 million for autonomous ships project

The European research program “Horizon 2020” funded 20.1 million euros to the Norwegian consortium led by Kongsberg and SINTEF, for its autonomous ships project, one of the largest grands the Norwegian players ever receive.

MARAD funds $7.5M for marine highway projects

The U.S. Maritime Administration (MARAD) announced that found $7.5 million for the investment of nine U.S. marine highway projects. Specifically, the funding will give a boost to the existing services in the states of Florida, South California, Kentucky, Louisiana, Michigan, Oregon, Texas, Virginia and lastly Washington.

Washington State Ferry gets $1.5 million fund from MARAD

The US Department of Transportation’s Maritime Administration (MARAD) officially announced the funding of $1.5 million in order to boost the conversion of Washington’s State Ferry vessel from diesel fueled to hybrid-electric power one.

Port of Baltimore secures $1.8 million grant for emissions reduction

The US EPA has awarded the Port of Baltimore $1.8 million in Diesel Emissions Reduction Act (DERA) funds to replace older diesel-powered equipment with newer, cleaner versions. The grant will cover about 44 dray trucks, commonly used for transporting shipping containers to and from the Port.

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