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US $106M fund to keep plastic off Asia’s Ocean

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.

EU assesses five Algerian ports’ waste management plan

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 to reform legislation on delivery of waste from ships to ports

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.

Ships waste not subject to EU law on transfer of waste

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.

Cruise ship to be equipped with sustainable waste disposal solution

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 plans to establish zero-waste fleet

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. 

Wärtsilä to launch digital platform on waste and water management

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. 

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