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.
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.
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.
The European Commission announced partnership with the European Investment Fund, part of the European Investment Bank (EIB), to launch the BlueInvest Fund, a €75 million equity investment fund for the blue economy.
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.
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.
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.
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.
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.
Lithuanian LNG and oil terminal operator AB Klaipedos Nafta (KN) inked a EUR 134.1 million loan agreement with Nordic Investment Bank (NIB) to optimize costs of its LNG terminal. The 25-year maturity loan will be directed to finance the rent payable for the FSRU Independence.
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- Maritime Health
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