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European Institutions Offer $370 Million for Sustainable Maritime Shipping Projects

European Institutions Offer $370 Million for Sustainable Maritime Shipping Projects

The European Investment Bank and ING signed an agreement this week for 300 million euros ($370 million) to support green investments in the European maritime shipping market. Each institution will contribute 150 million euros to a sector risk-bearing facility for projects that improve transport vessels’ environmental performance. “It’s no secret ... Read more »
Online Freight Pricing Platform Adds Carbon Footprint Calculator

Online Freight Pricing Platform Adds Carbon Footprint Calculator

Online freight pricing platform Freightos plans to introduce carbon dioxide footprint estimates as well as a suite of free CO2 calculation tools for customers and third parties, the American Journal of Transportation reported. Freightos, which has offices across Europe, the US, Asia, and the Middle East, was established in 2011 ... Read more »
GE Marine Engine Meets New Emissions Rules

GE Marine Engine Meets New Emissions Rules

GE Marine says it has successfully completed an emissions-testing program for the first 12V250 marine diesel engine that meets EPA Tier 4i and International Maritime Organization (IMO) Tier III in-engine emission compliance. The rules decrease the allowable levels of sulfur oxide (SOx) and nitrous oxide (NOx) emissions from ships. The ... Read more »


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