18th January 2025 – 24th January 2025
LOCAL NEWS
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INTERNATIONAL NEWS
1. ECSA C-14075 – European Commission Study on mapping ship finance instruments
The European Commission recently released its study titled "Support Study for the Development of a Living Inventory of Relevant Instruments to Support Investments in the Shipping Sector". This report highlights critical challenges in European ship finance and proposes actionable strategies to overcome them. The study acknowledges gaps in financing, emphasizing the constrained availability of ship finance in Europe. It aligns closely with ECSA’s priorities, underlining the need for sustainable and competitive financing solutions to support the shipping industry’s energy transition.
Additionally, this study identifies stricter banking regulations as a key barrier to ship finance. It recommends that regulatory frameworks and funding tools be adapted to meet the specific needs of shipping, such as long-term investment horizons and the high costs associated with maritime projects. Small and medium-sized enterprises (SMEs) are vital to the maritime sector but often face barriers in accessing finance. The study calls for funding mechanisms that address these challenges, focusing on energy transition projects to "bridge the innovation gap".
Key proposals include:
- Simplifying access to green financing through clearer eligibility criteria tailored to decarbonization projects.
- Establishing centralized platforms to provide visibility and accessibility to funding opportunities.
- Streamlining application processes to reduce administrative complexities for SMEs.
To this end, the launch of the Ship Financing Portal is a major milestone. This platform consolidates financing tools and products, enhancing access for shipowners and maritime investors across the sector.
The study consists of three documents, which you can find on the below links:
Related Article:
Attachment 1: ECSA C-14075 ECSA SF WG - EC Study on mapping ship finance instruments
2. US TREASURY REPORT
The US Treasury Report for all actions reported is hereby attached.
Related Article:
Attachment 2:US Treasury Report for week 18/01/2025 – 24/01/2025
3. PIRACY REPORT
The Piracy Report for all actions reported is hereby attached.
Related Articles:
Attachment 3: Worldwide Threat to Shipping (WTS) Report, for the period between 25/12/2024 – 22/01/2025
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