CMA CGM invests $214m in shipping decarbonisation

French liner CMA CGM and French public sector investment bank Bpifrance have launched a €200m ($214.5m) fund to push forward the French maritime industry’s energy transition. Of the €200m, €20m will go to help decarbonise fleets of French shipping firms, €110m and €50m will be assigned to grants and equity investments, respectively, for maritime decarbonisation

ICS denounces IMO’s rejection of its decarbonization fund proposal

The International Chamber of Shipping (ICS) has denounced the International Maritime Organization’s (IMOs) rejection of a research and development fund for decarbonisation projects across the shipping industry. ICS deputy secretary general Simon Bennett said the fund would have provided $50 million per year to supporting maritime GHG reduction projects in developing countries, which is reportedly