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Seychelles issues world’s first sovereign blue bond

The Republic of Seychelles has launched the world’s first sovereign blue bond, according The World Bank. The bond, which raised US$15 million from international investors, is a pioneering financial instrument designed to support sustainable marine and fisheries projects, demonstrating the potential for countries to harness capital markets for financing the sustainable use of marine resources.

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ABS: Guidance on smart function implementation

ABS issued guidance providing the marine and offshore industries an actionable framework for owners, operators and manufacturers to take smart steps today in preparation for an environmentally sustainable future. The 'ABS Guidance Notes on Smart Function Implementation' support data infrastructure development, enabling health and performance monitoring, and augmenting vessel operations.

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Entering an era of change and opportunity

While speaking at the last SAFETY4SEA Conference in Athens, Mrs. Carleen Lyden Walker, Co-Founder/Executive Director of NAMEPA, emphasized sustainability as an opportunity of success and change for the shipping industry. Never before the recorded history has so much change and disruption occurring at such an accelerated pace, she argued, providing several examples of how many changes the industry has seen over the recent years, and how the industry can benefit.

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EU commits €300 million for clean and safe oceans

At the 5th edition of Our Ocean conference in Bali, the EU announced 23 new commitments for better governance of the oceans and €300 million of EU-funded initiatives, which include projects to tackle plastic pollution, make blue economy more sustainable and improve research and marine surveillance. This contribution comes on top of the over €550 million committed in last year's conference in Malta.

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