EIB, ABN Amro to Bolster Green Shipping in Europe

Illustration; Image Courtesy: ICS

The European shipping industry is set to receive further support in the sustainable projects field as the European Investment Bank (EIB) and Dutch bank ABN Amro plan to sign an agreement to support investments for greening the fleet on April 21.

This EUR 150 million (USD 160.8 million) framework, which is the first with a financial institution in the Netherlands, would ensure that the promoters of sustainable projects in the maritime transport sector can benefit from favourable financial terms as a result of the EIB’s AAA rating.

The parties said that the facility is open for both retrofitting of existing shipping as well as for projects that envisage the construction of new vessels with a green innovation aspect, and applies to both inland shipping and seagoing operators.

“The Bank received a clear signal from the market that there was a financing gap for the greening of shipping fleets,” Pim van Ballekom, EIB vice-president, said.

This is the second agreement under a EUR 750 million EFSI Green Shipping Guarantee Programme, which was set up after numerous discussions with Dutch counterparts from the public and private sector.

“Financing the transition to more sustainable transport systems and networks requires a commitment to invest. Today’s agreement demonstrates that the Investment Plan can play an important role in mobilising private finance to support this transition,” Violeta Bulc, EU Commissioner for Transport, said.

This sector risk bearing programme is meant for projects that will improve the environmental performance of transport vessels in terms of diminishing the emission of pollutants as well as increasing fuel efficiency.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jun 2017 >>
MTWTFSS
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 1 2

DSM17

Donsö Shipping Meet 2017 is an all inclusive exhibition. Meals, electricity, meeting schedule and banquette dinner is included…

read more >

TOC Europe

TOC (The Terminal Operations Conference) has long been considered best in class by container terminal operators and their suppliers…

read more >

Marine Philippines 2017

The 4th edition of PHILIPPINES MARINE 2017, SHIPBUILD PHILIPPINES 2017 and OFFSHORE PHILIPPINES 2017 is the only specialized Shipbuilding…

read more >

Bunkering Week 2017

IBC’s biennial Bunkering Week is back with its successful series of 3 co-located events: 8th Bunkering in Asia, 4th LNG Bunkering and EMTECH: Ship Emissions Technology Conference.

With a proven track record of bringing together top decision makers from various industry sectors, this remains the go to event for ship owners, fuel suppliers, traders and technology solution providers. Get in-depth and detailed market insights from experts who are taking the decisions, assess peer strategies and give shape to your own in this unrivalled gathering of shipping and marine fuel industry leaders.

Key Highlights for 2017:

* 3 Co-located Conferences

* 12+ Hours of Networking Time

* In-depth Review of Shipping Markets by Segment

* Ship Owner Positions on Emissions Compliance Scenarios

* Pricing Differentials and Availability across Different Fuels

* Technology and Analytics in Fuel Management and Emissions MRV

More info

read more >