Nordic Environment Finance Corporation News

Building of Containerships’ new Liquefied Natural Gas (LNG) vessels is progressing at Wenchong Shipyard, Guangzhou. The construction of three upcoming vessels is in action in the Chinese shipyard. For the first vessel, two double bottom blocks are already under erection on slipway. In addition, six blocks have been painted and over 80 blocks are accepted. Over 60 blocks for the first vessel are under construction. Two blocks of the second vessel have been accepted, and almost 50 are under construction. Steel cutting of the third vessel also started on May 2017. Only the exterior of the vessel is built in the slipway. After the launch…

Russian Ministry of Finance transferred the first tranche of 5 million euros for implementation of environmental projects of the Arctic Council. This amount is the first payment of Russia’s financial contribution with the total amount of 10 million euros to the Project Support Fund of the Arctic Council, established by the Nordic Environment Finance Corporation (NEFCO). The funds are to be transferred in two tranches of 5 million euros each in 2014 and 2015, respectively, reports RIA Novosti. The Fund will use them to eliminate hotbeds of pollution in the Arctic, as well as to reduce atmospheric emissions of harmful substances, including those directly affecting climate change.