European Investment Bank (EIB) and Societe Generale Corporate & Investment Banking signed an agreement guaranteeing EUR 150 million (USD 163 million) for shipbuilding projects promoting environmental protection.

The deal is part of the Investment Plan for Europe. Alain Vidalies, French Secretary of State for Transport, the Sea and Fisheries, said: “The Government decided to implement this financial tool by agreeing to a pilot project in France. What we are unveiling today is an initial illustration of this dynamic, which I hope will spread across our maritime economy, leading to similar agreements in other sectors, particularly ports.” 

"This is the first framework agreement for making the maritime sector greener in Europe,” Ambroise Fayolle, EIB Vice-President, said.

Budgeted at EUR 750 million, this new system will finance shipbuilding projects, as well as the conversion and modernisation of existing vessels. It will promote investment in the development of technologies to improve energy efficiency and support sustainable transport.

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CMA CGM Launches Mexico - Caribbean Connection

The innovation will be an Indigo Line and will arrange weekly service between Mexico, Cuba, Jamaica and the Dominican Republic. 

Moreover, the French-based company will add few new port calls: Kingston and Progresso, Mariel and Santiago de Cuba and the whole route is going to be the following:

Progreso, Altamira, Veracruz, Mariel, Kingston, Rio Haina, Kingston, Mariel, Progreso 

Ports of LA and Long Beach are cooperating with Maersk line 

The California ports will be investing into technologies to measure Maersk vessels' emissions. The partnership will  research of environmental advantages of 12 upgraded Maersk container vessels.  New technologies will include installing of sensors to track ship's emission and energy efficiency. Afterwards air pollution data will be used to compare influence of these vessels.  Over a decade now, both CA ports are keeping on clean air programs that help to reduce harmful emissions from ports-related sources. At the same time, Maersk is the world's largest container shipping company and a member of the Trident Alliance.