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IMO announces new partnership to address biofouling

The IMO announced the launch of a collaboration with the Global Environment Facility and the United Nations Development Programme, aiming to address the negative environmental impacts of the transfer of aquatic species through ships. The GloFouling Partnerships project is expected to drive actions to implement the IMO Guidelines for the control and management of ships’ biofouling.

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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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