Page 64 - ΝΑΥΤΙΚΑ ΧΡΟΝΙΚΑ - ΜΑΙΟΣ 2023

INTERNATIONAL WATERS

dual-fuel engine technology and use LPG as The voluntary incentive program ran from May
their primary fuel source, making them among 1, 2022, through December 15, 2022. Partici-
the lowest-emission vessels of this type. pation was greater than any previous year and
AW Shipping will own and operate the VLGCs, increased from eighteen shipping companies
transporting LPG cargoes sourced from participating in 2021.
ADNOC and other global suppliers to Wan- Shipping companies received recognition and
hua’s manufacturing bases in China and around financial awards based on the per cent of dis-
the world. AW Shipping was formed in 2020 to tance travelled by their vessels through the
support a 10-year LPG supply contract signed Vessel Speed Reduction (VSR) zones at 10
in 2018 between ADNOC and Wanhua. knots or less and with an average speed of 12
knots or less.
PSA EXPANDS CARGO SOLUTIONS The ten-knot target complements the National
NETWORK IN TÜRKIYE Oceanic and Atmospheric Administration
PSA International Pte Ltd (“PSA”), through (NOAA), US Coast Guard, and Environmental
its fully-owned subsidiary, PSA-BDP Turkey Protection Agency requests for all vessels
Supply Chain Solutions Pte Ltd, has signed an (300 gross tonnes or larger) to reduce speeds
Agreement to acquire 75% of the shares of pri- during the months of peak air pollution and
vately-held ALISAN Logistics A.S. (“ALISAN”). endangered blue, humpback, and fin whale
ALISAN is a logistics company located in Tür- abundance to protect these whales from ship
kiye active in fast-moving consumer goods strikes.
(FMCG), chemicals, automotive industries and Ship strikes are a major threat to whales glob-
agro-business. Upon transaction completion, ally and the recovery of endangered blue, fin,
ALISAN will be grouped under PSA’s cargo and humpback whales in California waters.
solutions arm, PSA BDP.
Headquartered in Istanbul, ALISAN is a INVESTEU: €28 MILLION FUNDING
family-owned Turkish logistics service pro- FOR THE BLUE GROWTH OF PORTUGAL
vider whose owners play an active role in the At the end of March, the Growth Blue I fund
day-to-day operations. With more than 1,600 was signed in Portugal – the first fund signed
employees and 39 warehousing sites located under the new InvestEU Blue Economy instru-
near chemical producers, ALISAN’s scope of ment focusing on southern Europe. Growth
services includes (but is not limited to) interna- Blue will be funded with €28 million from both
tional and domestic packed distribution, bulk national public resources through Fundo Azul
liquid & dry bulk distribution, warehouse oper- and European Investment Fund (EIF) resources
ations and value-added services (VAS). supported by the InvestEU Blue Economy
instrument. It will invest in SMEs and small
Mid Caps, primarily from Portugal and Spain,
BLUE ECONOMY aiming to support the growth and internation-
alisation of mature blue economy companies
focusing on sustainability, climate action, and
the blue economy sectors. Launched in Octo-
GLOBAL SHIPPING COMPANIES ber 2020, PORTUGAL BLUE is a partnership
RECOGNISED FOR REDUCING SPEEDS between the European Investment Fund (EIF)
OFF THE CALIFORNIA COAST TO – the venture capital arm of the EIB Group –,
PROTECT BLUE WHALES AND BLUE Banco Português de Fomento (BPF) and the
SKIES Portuguese Government through Fundo Azul.
Twenty-three shipping companies participated The Programme is focused on blue economy
in Protecting Blue Whales & Blue Skies vessel investments with climate impact and sustain-
speed reduction program in 2022, contribut- able development goals. It was created to
ing to cleaner air, safer whales, and a quieter attract private capital from public and insti-
ocean. Companies are recognised for their ves- tutional investors into the local blue economy
sels transiting at ten knots or less in the San landscape through venture capital and private
Francisco Bay Area and the Southern Califor- equity funds managed by Portuguese-based
nia region. The program’s Southern California teams.
region extends from Point Arguello (in Santa The fund targets a total of €50m, including
Barbara County) to waters near Port Hueneme funding from Portugal Blue, InvestEU, and pri-
and Dana Point (by the Ports of Los Angeles vate commitments from strategic institutional
and Long Beach). investors. Growth Blue Fund aims at investing

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