Amid regulatory uncertainty following delays at the International Maritime Organization, the Global Center for Marine Decarbonisation (GCMD) in Singapore is launching a new fund to finance ship modernisations, enabling improved service to the existing fleet.
In collaboration with Singapore-based fund manager AIM Horizon Investments and several banks, GCMD has established the Fund for Energy Efficiency Technologies (FEET), which provides 100% upfront financing for a specific retrofit installation.
Shipowners make payments on a “pay as you save” basis, with amounts tied…
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