The European Commission (EC) has agreed to a Finnish incentive program for investment in greener ships.
The EC has found that amendments to this existing scheme are in line with European Union (EU) state aid rules. The Finnish incentive program was initially approved in 2011.
The amendments provide funding for the acquisition of new ships or adaptation of old ships to promote stricter environmental standards than those currently in force in the EU.
In particular, the amendments aim at giving ship-owners incentives to use less polluting fuel, ahead of the entry into force of EU standards to that effect.
This will promote the adoption of low-sulphur fuel in the two years before new regulation comes into force. From January 2015, ships in the Sulphur Emission Control Area (SECA), which includes the English Channel, the North Sea and the Baltic Sea, will be required to burn marine fuel with a sulphur content of less than 0.1%.
JoaquÃn Almunia, Commission Vice President in charge of competition policy, said: “This Finnish scheme demonstrates how the current state aid rules can be used for encouraging the maritime industry to adapt to stricter environmental rules ahead of their entry into force”.
Finland’s Minister of Transport Merja Kyllönen said in September that “rapid action” is needed to help the maritime industry adapt to the low-sulfur rules.
Several shipowners in the region have already invested in cleaner technology. Earlier this month the M/S Viking Grace cruise ship entered service between Finland and Sweden, powered by liquefied natural gas (LNG). The builder of the vessel called it the “most environmentally friendly large cruise vessel ever built.”
For more new and tips on efficient shipping, please visit Fathom C-Tech
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 110,043 members that receive our newsletter.
Have a news tip? Let us know.
Sweden’s Navy completed a survey of the seabed near one of the damaged data cables in the Baltic Sea as the Nordic country investigates potential sabotage against the underwater infrastructure.
A Russian Navy frigate equipped with new generation hypersonic cruise missiles has conducted drills in the English Channel and is carrying out tasks in the Atlantic Ocean, Russian news agencies reported on Tuesday.
(Bloomberg) — Chinese lawmakers got a head start on the US election this week as they gathered to vote on the largest fiscal package since the pandemic. But now that...
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
Sign Up
Maritime and offshore news trusted by our 110,043 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
