
The Global Centre for Maritime Decarbonisation (GCMD) and partners have closed the world’s first fund for vessel retrofits with a pay-as-you-save repayment mechanism, securing total commitments of up to $35 million and exceeding its initial target.

HMM, South Korea’s largest national carrier, has partnered with B-International Shipping and Logistics, a part of the Swiss BGN group of companies, to establish a joint venture in Singapore.