Finland promotes financing of the GreenVoyage2050 project

The Government of Finland has pledged funding of €150,000 to the IMO GreenVoyage2050 project, which supports developing countries in their efforts to reduce greenhouse gas (GHG) emissions from ships and ports. .

The GreenVoyage2050 project is a key IMO initiative aimed at ensuring that no country is left behind in maritime decarbonisation. It has been instrumental globally in helping developing countries, including Small Island Developing States (SIDS) and Least Developed Countries (LDCs), advance the implementation of the IMO Strategy on GHGs, to undertake pilot demonstration projects on maritime decarbonization and to explore technologies in its ports and ships.

For most SIDS, the maritime sector is a lifeline, as it is their main connection to global trade. This is particularly the case in the Caribbean region, where significant maritime trade, both global and regional, is channeled between SIDS.

Finland becoming a donor to the GreenVoyage2050 project has given a boost to the project´s work, allowing it to focus on pilot demonstrations, support beneficiary countries in developing closer coordination in their energy transition plans and identify Possible alternative fuel opportunities for maritime decarbonization.

Funding received from the Government of Finland will support the development of a SIDS-specific study on the potential for alternative marine fuel production in the Caribbean region. The research will include an analysis of the infrastructure and operational changes required for alternative fuels to be used in shipping in a meaningful way.

Other proposed activities include holding a regional roundtable of stakeholders, with a view to the possible development of a regional roadmap on maritime alternative fuels, and the identification of possible sources of funding for its implementation.

José Matheickal, Director of the IMO Partnerships and Projects Department, expressed his gratitude to the Government of Finland for his financial contribution:

"The GreenVoyage2050 project is a demonstration of our commitment to supporting developing countries in our joint global effort to reduce emissions from shipping. This funding will enable the project to provide support to Caribbean SIDS in their maritime decarbonisation in line with the "IMO GHG Strategy, providing them with a solid understanding of the maritime transition opportunities for alternative fuels, and the related needs for investment and infrastructure changes."

Anita Makinen, Alternate Permanent Representative of Finland to the IMO, stated:

"Finland is committed to supporting SIDS in their efforts to reduce maritime emissions in line with the IMO GHG Strategy. SIDS are vulnerable to accelerating climate change. We are therefore pleased that this contribution builds on the important work being done by the GreenVoyage2050 project in support of SIDS.

The GreenVoyage2050 project has been funded by the Government of Norway since its inception in 2019 and, in an agreement signed by Norway and the IMO on World Maritime Day on 28 September, funding for the second phase of the project until 2030 was confirmed.

 

News and image obtained: "Organización Marítima Internacional"

https://www.imo.org/es/MediaCentre/Paginas/WhatsNew-1983.aspx

 

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Bound4blue completes installation of three suction sails on board 50,000 tpm tanker
27 February, 2025

Bound4blue completes installation of three suction sails on board 50,000 tpm tanker

Spanish company bound4blue, which specialises in auxiliary wind propulsion systems, has successfully completed the installation of three eSAIL suction sails on board a product tanker, the Pacific Sentinel, owned by Singapore-based Eastern Pacific Shipping (EPS).

The installation of the three 22 m high sails was carried out at the Besiktas shipyard in Turkey, taking advantage of a scheduled shutdown of the vessel. The assembly of the systems was completed in less than three days, as planned.

The eSAIL auxiliary wind propulsion system developed by bound4blue is based on the use of a thick sail with an intelligent suction system. These sails are easy to install, operate and maintain, have very few moving parts and are suitable for almost all types of vessels. The company expects fuel savings of approximately 10%, depending on the route.

The installation of the systems on the Pacific Sentinel, a 50,000 dwt product tanker, presented a number of unique challenges, including the vessel´s strut and the existence of ATEX zones (where equipment installed on board must comply with explosion-proof regulations). It was carried out in collaboration with the American Bureau of Shipping (ABS), meeting classification and safety standards. ABS played a key role in granting the ‘wind-assisted’ notation, fundamental for the structural integration of eSAILs with the ship and their alignment with regulatory frameworks such as the ETS Directive, the FuelEU Maritime Regulation or the IMO´s IIC.

 

News and image obtained: ‘Asociación de Navieros Españoles’.

https://anave.es/bound4blue-completa-la-instalacion-de-tres-velas-de-succion-a-bordo-de-un-petrolero-mr/

 

 

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