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The Hellenic Shortsea Shipowners Association welcomes the historic agreement which revises the IMO Greenhouse Gas Strategy gradually, aiming for zero GHG emissions from international shipping by 2050, as well as the ambitious goal of using alternative fuels at a rate of 10% by 2030. In order to achieve the relevant goals, it is essential for HSSA to highlight that similar initiatives are required in the… Read More »2023 ΙΜΟ Greenhouse Strategy on track, but insufficient

European shipowners welcome the agreement on the Basel III rules reached between the European Parliament and the Council yesterday that gives explicit recognition to ship finance. The new rules will allow banks to apply preferential treatment to shipping portfolios on specialised lending when calculating risk weights and ultimately their capital requirements. As a result, the new law will enable banks to finance at a competitive price. This… Read More »Basel III Rules: Recognition of ship finance positive, but further action is needed