Tag: Funding

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

IMO Secretary-General, Mr. Kitack Lim, has launched an Appeal for Funds and a mechanism to facilitate donations to help those impacted by the devastating earthquake that hit Türkiye and the Syrian Arab Republic on 6 February 2023 followed by powerful aftershocks and another earthquake two weeks later.  

Winds of Change, a wind sail project by Smart Green Shipping (SGS) that aims to develop its ground-breaking FastRig technology, is one of 19 projects selected to receive funding from the UK Government’s £60 million initiative to supercharge the development of clean maritime solutions.

A report of the MCG Redundancy and Retraining Bursary Fund, published yesterday, showed that in total 105 seafarers who lost work due to Covid-19 were granted help with the cost of training. At least half of them have secured another job in maritime.

The UK Government chose GT Green Technologies that is developing a new approach to wind-assisted propulsion as one of the projects to receive funding in the second round of a multi-year clean maritime demonstration competition.

The International Chamber of Shipping (ICS) has submitted proposals to the IMO this week suggesting that a mandatory carbon levy on ships would incentivize the use of alternative marine fuels, such as ammonia, methanol and hydrogen.

The future of maritime has been given a funding boost by the UK Government with an increase in training subsidies for cadets and ratings.

A new submission to the International Maritime Organization (IMO) addressing outstanding concerns related to intellectual property rights (IPR), strengthened R&D collaboration between developed and developing countries, and geographic representation in the Board of Directors governing the proposed decarbonization fund has been submitted. 

The United Nations urges to raise $80M in order to prevent an oil tanker off the west coast of Yemen exploding and causing an environmental disaster.

The U.S. Department of Transportation’s Maritime Administration (MARAD) announced that up to $684.3 million is now available for Port Infrastructure Development Program (PIDP) grants.