The investment management firm, Circulate Capital, recently announced the first close of the US$106 million Circulate Capital Ocean Fund (CCOF), world’s first investment fund dedicated to preventing ocean plastic in South and Southeast Asia and one of the ten largest ASEAN-based Venture Capital Funds in the market.
Waste has become a challenging issue that the shipping industry has to deal with, not only because it affects marine life and oceans, but because it is also a barrier to ports and their operations. Thus, the EU funded SAFEMED IV project will run on the ports of Arzew, Bejaia, Skida, old and new port and Algiers in Algeria.
Finland informed that the legislation on the delivery of waste from ships to ports will be updated. The aim is to improve the treatment and reception of waste in ports, which will reduce the generation of marine litter and consequently the discharge of plastic into the seas.
The Court of Justice of the European Union (the CJEU) confirmed that waste from ships is not subject to the requirements of EU law on transfer of waste. The legal case arose from the fire on board the MSC Flaminia in 2012.
Wärtsilä informed that it will supply and install an Auto Gasification solution for the ‘Regal Princess’, a Princess Cruises vessel. This technology aims to enable the safe disposal of waste from the ship through a self-fueling thermal decomposition unit.
Meriaura Group presented its plans to create a zero-waste fleet in the future. For this reason, in the end of 2018, the group announced a research cooperation with the Finnish Transport Safety Agency (Trafi), aiming to reduce ship-generated waste. The final aspiration of the group is to make its fleet the least waste producing fleet by the end of 2020.
During the Nor-Shipping Conference, Wärtsilä presented its development work on a smart concept for onboard water and waste systems. The work consists of the latest environmental technology and expertise, along with real-time data collection and digital modelling.
Mozambique is expected to become the world’s third largest natural gas exporter by 2023, bringing a projected $39 billion to the Mozambican economy over the next 20 years and creating over 700,000 jobs by 2035, according to data provided by UN Environment.
In line with its sustainability policy Port of Ust-Luga, Leningrad Region based Murltipurpose Reloading Complex has allocated RUB 3.92 million for the 2018 environmental protection. This constitutes an 11% increase than a year earlier. RUB 2.3 million was spent on modernization and maintenance of MRC’ environmental facilities.
Mr. Vincent Favier, CEO, Ecoslops, refers to the many benefits that his company’s circular economy solution, which converts slops disposal into second generation fuels, offers to all parties, oceans included first and foremost.
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