Splash 247

European Investment Bank teams with ABN AMRO to support green shipping investments

European Investment Bank teams with ABN AMRO to support green shipping investments

Array
(
    [0] => WP_Term Object
        (
            [term_id] => 62
            [name] => Environment
            [slug] => environment
            [term_group] => 0
            [term_taxonomy_id] => 62
            [taxonomy] => category
            [description] => Stay updated on what's going on in the maritime environment by browsing the environment news archive. Find the latest maritime and shipping news on Splash 24/7.

Get the updated list of the latest maritime environment related news. Browse Splash 24/7 for more maritime and shipping news.

            [parent] => 54
            [count] => 493
            [filter] => raw
            [cat_ID] => 62
            [category_count] => 493
            [category_description] => Stay updated on what's going on in the maritime environment by browsing the environment news archive. Find the latest maritime and shipping news on Splash 24/7.

Get the updated list of the latest maritime environment related news. Browse Splash 24/7 for more maritime and shipping news.

            [cat_name] => Environment
            [category_nicename] => environment
            [category_parent] => 54
        )

    [1] => WP_Term Object
        (
            [term_id] => 70
            [name] => Europe
            [slug] => europe
            [term_group] => 0
            [term_taxonomy_id] => 70
            [taxonomy] => category
            [description] => Stay updated on what's going on in Europe by browsing the European region news archive. Find the latest maritime, offshore and shipping news on Splash 24/7.

Find here the updated list of the latest news about the European region. Browse Splash 24/7 for more maritime and shipping news.
            [parent] => 55
            [count] => 5017
            [filter] => raw
            [cat_ID] => 70
            [category_count] => 5017
            [category_description] => Stay updated on what's going on in Europe by browsing the European region news archive. Find the latest maritime, offshore and shipping news on Splash 24/7.

Find here the updated list of the latest news about the European region. Browse Splash 24/7 for more maritime and shipping news.
            [cat_name] => Europe
            [category_nicename] => europe
            [category_parent] => 55
        )

    [2] => WP_Term Object
        (
            [term_id] => 65
            [name] => Finance and Insurance
            [slug] => finance-and-insurance
            [term_group] => 0
            [term_taxonomy_id] => 65
            [taxonomy] => category
            [description] => This is the Splash 24/7 archive of maritime finance and insurance news coming from all over the world. News are sorted by release date, from the latest to the oldest.

Get the updated list of the latest news about finance and insurance. Browse Splash 24/7 for more maritime and shipping news.

            [parent] => 54
            [count] => 1128
            [filter] => raw
            [cat_ID] => 65
            [category_count] => 1128
            [category_description] => This is the Splash 24/7 archive of maritime finance and insurance news coming from all over the world. News are sorted by release date, from the latest to the oldest.

Get the updated list of the latest news about finance and insurance. Browse Splash 24/7 for more maritime and shipping news.

            [cat_name] => Finance and Insurance
            [category_nicename] => finance-and-insurance
            [category_parent] => 54
        )

)

The European Investment Bank and ABN AMRO have signed an agreement to support investments for greening the European shipping fleet. This framework is the first with a financial institution in the Netherlands.

The framework guarantee agreement will make that sure promoters of green projects in the maritime transport sector can benefit from favourable financial terms as a result of the EIB’s AAA rating. 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,” said EIB vice-president Pim van Ballekom. “By allowing the EIB to take more risk, the Investment Plan for Europe enabled us to create a new instrument to support shipping companies in complying with the European sustainability standards. This is the second agreement under a EUR750m EFSI Green Shipping Guarantee Programme, which was set up after numerous discussions with Dutch counterparts from the public and private sector. We are really looking to shipowners to make use of it so that we can implement it in other countries as well.”

Share this article

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

Related Posts