Marine Link
Thursday, March 28, 2024
SUBSCRIBE

Eu Council Of Ministers News

17 Nov 2019

EIB Ends Financing for Fossil Fuel

The European Investment Bank (EIB), the EU's financing department, will bar funding for most fossil fuel projects to become the world’s first ‘“climate bank”.The bank will end its financing of oil, gas, and coal projects after 2021, and will accelerate clean energy innovation, energy efficiency and renewables. EIB Group financing will unlock EUR 1 trillion of climate action and environmental sustainable investment in the decade to 2030, it said.Over the last five years the European Investment Bank has provided more than EUR 65 billion of financing for renewable energy, energy efficiency, and energy distribution.“Climate is the top issue on the political agenda of our time,” said EIB President Werner Hoyer.

07 Jan 2014

EU Outlines Fight against Piracy

Piracy in the Western Indian Ocean has been a growing threat to security, international shipping and development since the mid-2000s. While bearing all aspects of organized crime, piracy is a complex issue that can only be overcome by combining political and diplomatic efforts with military and legal action, development assistance and strong international coordination. With all these tools at its disposal, the European Union (EU) is in a unique position to contribute to international efforts, and addresses that challenge through a “comprehensive approach” tackling both current symptoms and root causes of the problem. The EU’s engagement in the Horn of Africa is defined by the region’s geo-strategic importance…

22 Aug 2012

Redundant Spanish Shipyard Workers May Get EU Cash

The European Commission propose to grant €2-million from the European Globalisation Adjustment Fund (EGF) to help 450 redundant workers in the shipbuilding ancillary industry in Galicia get back into employment. The funds, requested by the Spanish authorities, would help former workers from 35 small and medium sized enterprises. The proposal now goes to the European Parliament and the EU's Council of Ministers for approval. EU Commissioner for Employment, Social Affairs and Inclusion László Andor commented: "The crisis has transformed the shipbuilding sector and much of the industry is moving to low-cost areas, particularly in Asia.

11 Nov 2005

EC – Liner Shipping Report

The European Commission (EC) issued the final report on The Application of Competition Rules to Liner Shipping . The report concludes that repealing the EU block exemption for liner shipping would lead to moderate price declines and would have a positive impact on service reliability. The report does recommend, though, that the liner companies be allowed to engage in limited information exchange, but not as extensive as the liner companies have proposed. According to the EC Press Release accompanying the report, the review process will culminate with a Commission proposal to the EU’s Council of Ministers to repeal the Block Exemption Regulation by the end of the year.

01 May 2003

IMO to study EU phase-out proposals

In preparation for the 49th. certain heavy oils to double-hulled vessels only. June. seek parallel revisions to MARPOL Annex 1. conclude an agreement. and any potential environmental benefits. of the CAS proposals, including the additional survey workload. date, and some countries may not choose to adopt these amendments.

05 May 2003

Bunker Industry Fueled by Word Affairs

Bunkering is an industry in its own right, but one that is squeezed by events, which happen in the much bigger industries that we are the bridge between. We are vital to both the energy and shipping markets, and at the mercy of both. When the energy markets move, our prices move. When crude availability is tight, bunkers suffer. When air quality laws force refineries to change their practices, bunkers suffer. And when shipping suffers an accident, bunkers can also suffer. Until recently, bunkering was at the mercy of regulators and regulations, which were not necessarily aimed at it. Fuel oil has been very much in the European news over the last few months, simply because a lot of it was spilled from the stricken tanker Prestige, off north Spain.