EIB Ends Financing for Fossil Fuel
The European Investment Bank (EIB), the EU's financing department, will bar funding for most fossil fuel projects to become the world’s first ‘“climate bank”.The bank will end its financing of oil, gas, and coal projects after 2021, and will accelerate clean energy innovation, energy efficiency and renewables. EIB Group financing will unlock EUR 1 trillion of climate action and environmental sustainable investment in the decade to 2030, it said.Over the last five years the European Investment Bank has provided more than EUR 65 billion of financing for renewable energy…
EC Selects Enagás Initiative to Boost LNG
The ‘LNGHIVE2: Infrastructure and Logistics Solutions’ project, coordinated by Enagás, has been selected by the European Commission ‘Connecting Europe Facility’ (CEF) for funding.The initiative aims to boost the use of liquefied natural gas (LNG) as a fuel for maritime and rail transport. The total investment in the project will be around EUR14 million, of which close to EUR3 million will be financed by European funds.The initiative, coordinated by Enagás and promoted by Puertos Del Eastado…
EU Council Adopts Port Reform
On 23 January, the Council of Ministers adopted the Port Regulation, which concludes the procedure at first reading. The European Parliament voted on 14 December 2016. The legal act will be signed by both institutions in mid-February and published in the EU Official Journal a few weeks later. It will enter into force 20 days after its publication. The principles set out in the Regulation will apply 2 years after the entry into force. This means that by March 2019 these rules will have to be applied in all TEN-T ports of the European Union.
European Shipping Week Receives EU Patronage
European Shipping Week has been granted the European Parliament’s official patronage by its President, Mr Martin Schultz. Commenting on European Shipping Week, Mr Schultz said his institution appreciated the opportunity for open dialogue between policy makers and representatives of the shipping industry to debate the future of European shipping policy. In a letter to Niels Smedegaard, President of the European Community Shipowners’ Associations (ECSA), Mr Schulz said: “As you are aware…
Cyprus Cabinet Okays Ports Privatisation Framework
Cyprus is pushing ahead with the privatisation of its ports as part of the nation’s rehabilitation plans which will see a number of state-run entities turned over to the private sector. The Council of Ministers approved amendments to the legal framework governing the operation of the Cyprus Ports Authority. The legislative plan is now set to be handed to parliament where MPs will be tasked with reviewing the bill at committee level before passing it through for a vote. The plan…
EU Regulation on CO2 Reporting a Setback for ICS Efforts
place at the International Maritime Organization (IMO) on the collection of data on CO2 emissions from ships, by unilaterally adopting a regional Regulation which will apply to non-EU flag vessels, as well as ships registered in the EU. The Council of Ministers, the European Parliament and the European Commission are understood to have reached agreement on the text of an EU Regulation on the Monitoring, Reporting and Verification (MRV) of ships’ CO2 emissions, for formal adoption early next year.
European Parliament Backs European Shipping Week
European Shipping Week has been granted the European Parliament’s official patronage by its President, Martin Schulz. Both the European Commission and the European Parliament have now actively expressed their support for the week-long event which will be held in Brussels during March 2-6, 2015. Commenting on European Shipping Week, Schulz said, “The aim of the initiative, namely to bring together the leading members of the shipping industry of the EU and give them an opportunity to meet, debate and share experiences is welcomed by the European Parliament.
European Commission VP Welcomes European Shipping Week
In a letter to Patrick Verhoeven, Secretary General of the European Community Shipowners’ Associations (ECSA), Commissioner Kallas said there was no doubt that Europe needs a high quality shipping sector "that can compete around the world." Maritime transport is a cornerstone of European industry, he said, playing an essential role in Europe's economy. He added, "The European Shipping Week should be an opportunity to demonstrate that regulators and industry share the same objective of promoting quality…
Two Prestigious Awards for Fincantieri
In the presence of the Minister for Education, University, and Research Stefania Giannini, at the Auditorium at Villa Farnesina in Rome, Fincantieri, represented by its Chairman Vincenzo Petrone, today won one of the prizes in the Major Industrial Groups category during the National Award for Innovation ceremony. The prestigious prize was awarded to Fincantieri for promoting an innovation culture among youngsters and for having won the Andrea Pininfarina Award for Business Innovation, assigned by Confindustria.
European Shipping Week 2015 Date Announced
The week of March 2-6, 2015 has been chosen as the date for the inaugural European Shipping Week when shipping industry leaders from Europe and around the world will descend on Brussels to meet and network with top legislators from the European Commission, European Parliament and the Council of Ministers. The week-long series of high level events will bring together the major players in the shipping industry with the primary aim of promoting the strengths and significance of European and global shipping to these important regulatory bodies in Brussels.
Redundant Spanish Shipyard Workers May Get EU Cash
The European Commission propose to grant €2-million from the European Globalisation Adjustment Fund (EGF) to help 450 redundant workers in the shipbuilding ancillary industry in Galicia get back into employment. The funds, requested by the Spanish authorities, would help former workers from 35 small and medium sized enterprises. The proposal now goes to the European Parliament and the EU's Council of Ministers for approval. EU Commissioner for Employment, Social Affairs and Inclusion…