The European Council has adopted the 15th sanctions package against Russia, focusing on a further crackdown on Russia’s ‘shadow’ fleet and combating sanctions’ circumvention.
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Two tankers linked to the so-called Russian ‘shadow fleet’ encountered a storm near the Kerch Strait and were heavily damaged. As a result, one of the vessels split into two and sank while the other one ran aground.
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The European Bank for Reconstruction and Development (EBRD) has decided to invest in Morocco’s maritime sector with a loan of up to MAD 690 million (equivalent to €65 million) to local port operator Marsa Maroc.
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Californian Port of Long Beach has released a draft study examining a 70-megawatt battery energy storage system (BESS) proposed by Pier S Energy Storage LLC.
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Prompted by the continued growth of climate transparency from financial institutions, the global finance portfolio for shipping has moved closer to alignment with ambitious decarbonization trajectories set by the International Maritime Organization (IM…