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Shipping green tech fund launches on the New York Stock Exchange

The creators of one of this year’s star performers among exchange-traded funds will debut today a green shipping investment fund.

The Breakwave Dry Bulk Shipping ETF is being joined by the Breakwave Sea Decarbonization Tech ETF (BSEA) on the New York Stock Exchange, according to ETF Managers Group.

BSEA is designed to provide investors access to a diversified set of global companies involved in actively reducing the environmental impact of the global maritime sector, including those that develop technologies, manufacture equipment or provide services related to marine or ocean decarbonisation.

“BSEA is a key step towards capitalising on the ocean decarbonisation transition by providing investors with an easy way to track the performance of publicly-traded sector leaders backed by comprehensive research and analytics,” said John Kartsonas, founder and managing partner of Breakwave Advisors.

“Shipping will always remain a major part of the global economy, while the decarbonisation transition will provide considerable investment opportunities that are still in their infancy,” said Hal Malone, principal of Sea/Switch Partners.

BSEA tracks the Marine Money Decarbonization Index (MMDI). The index was developed and is maintained by Maritime Transformation Partners, a collaboration between Marine Money, Breakwave Advisors and Sea/Switch Partners.

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.
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