Latest news from Heavy Lift & Project Forwarding International Magazine

ING and EIB to finance Spliethoff scrubbers

ING Group and the European Investment Bank (EIB) have signed a EUR110 million (USD124.7 million) loan agreement with Spliethoff to finance the retrofitting of exhaust gas cleaning systems and ballast water management systems.

From left to right: S. Fewster, global head shipping, ING; F. Nietzman, director, Spliethoff and F. Gaudet, senior banker, EIB. Photo credit: EIB

The retrofitted systems will enable Spliethoff to comply with the upcoming International Maritime Organization’s (IMO) regulations.

According to EIB, five vessels will be fitted with exhaust gas cleaning systems (scrubbers); 20 vessels will be fitted with ballast water management systems; and 17 vessels will be fitted with both scrubbers and ballast water management systems.

Michel Fransen, chief financial officer of the Spliethoff Group, said: “We have been installing scrubbers on our fleet since 2013 and are very happy with the results so far.

“Scrubbers are a very environmentally friendly solution to comply with the [sulphur] 2020 regulations. LNG or hydrogen may have the potential to become even better alternatives in the future, but only in the longer term. The investment in scrubbers also safeguards the interest of our shareholders against uncertainties in fuel availability and pricing.”

The EIB loan will be supported by the European Fund for Strategic Investments (EFSI). The agreement is part of ING and EIB’s green shipping partnership, which was formed in 2018 to support sustainable projects in the maritime sector.

www.eib.org

www.ing.com

www.spliethoff.com

Heavy Lift | News

Cosco places semi-sub order  thumbnail image

Cosco places semi-sub order 

June 26 - Cosco Shipping Specialized Carriers has placed an order with Guangzhou Shipyard International for the construction of a semi-submersible vessel. 
Views: 242
Conceptum handles mining equipment thumbnail image

Conceptum handles mining equipment

June 26 - Conceptum Logistics has coordinated the shipment of 2,000 freight tons of conveyor equipment from China to a mine in Ecuador.
Views: 210
Former Hansa duo to lead LOC Hamburg thumbnail image

Former Hansa duo to lead LOC Hamburg

June 26 - Marine and engineering consultancy LOC has opened an office in Hamburg as it aims to develop its renewables and shipping services in Europe. 
Views: 265
Dan-Czech presses ahead thumbnail image

Dan-Czech presses ahead

June 26 - Dan-Czech Specialtransport has delivered press parts from Hamburg, Germany to Sungwoo’s factory in Ostrava in the Czech Republic.
Views: 292

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.