ShippingWatch

EU Investment Bank earmarks EUR 1 billion for cleaner shipping

The European Investment Bank has set aside EUR 1 billion to finance projects aimed at reducing harmful pollutants in emissions from European vessels. 

As part of a larger investment plan, the European Investment Bank has set aside EUR 1 billion for shipping, according to a press release.

The funds will be directed at an initiative, which will reduce emissions of harmful pollutants from exhaust generated by the European shipping industry "through investment in energy efficient technologies." The financing will both go to retrofit of the existing vessels and to new, environmentally-friendly vessels.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Reefer rates to peak in fall season, followed by slow decline

Rates on refrigerated containers, or reefers, have increased by 50% in the second quarter compared to the same period in 2021, with growth set to continue in the third quarter. 2023, however, will see rates slowly declining, forecasts consultancy Drewry.

Further reading

Related articles

Latest news

See all jobs