22.9 C
Hamburg
Sunday, June 1, 2025
Home News UK Government boosts cleaner shipping with multi-million funding 

UK Government boosts cleaner shipping with multi-million funding 

The maritime sector in the United Kingdom has received further assistance in the battle to decarbonise the industry and boost the economy, with the UK government committing £34 million (US$44 million) in funding as part of the Clean Maritime Demonstration Competition (CMDC) on 7 July 2023.

With the fourth round of funding, the total amount invested through the CMDC now stands at approximately £129 million (US$166 million). The competition aims to promote continuous progress towards net zero goals by developing unique and sustainable technologies that link people, products, and services in a cleaner, greener manner.

“Pushing the boundaries of possibility is integral to the UK’s global ambition of a greener maritime sector. That’s why today’s new round of funding continues to set that course, not only keeping our climate goals on track but also boosting opportunities for private investment, new jobs and growing the economy,” stated UK’s Maritime Minister, Baroness Charlotte Vere.

The funding will be available for applicants from 2 August through 27 September. Prospective bids will be evaluated using a variety of criteria to determine their potential of delivering real-world demonstrations of clean marine technologies.

This might range from developing alternate fuel sources for cargo ships to pushing the boundaries of battery-powered vessels.

In the first three rounds of the CMDC, 105 projects from across the UK were granted more than US$122 million to assist in the design and development of clean marine solutions for commercialisation.





Latest Posts

The Indian Ocean Rivalry

The Indian Ocean has emerged as a strategic theater of competition between two Asian giants: India and China. India’s recent developments indicate a rapid expansion...

Statkraft advances plans for green hydrogen scheme at Hunterston

Europe’s largest generator of renewable energy has proposed the development of a green hydrogen facility at Hunterston, the former coal terminal in Ayrshire. Clydeport –...

Port of Bilbao wraps up busiest month for cruise traffic

May has marked a record month for cruise activity at the Port of Bilbao’s terminal in Getxo, with 18 cruise ship calls bringing over...

Tripoli port shutdown sparks maritime crisis in Libya

Libya’s shipping sector is teetering on the edge of collapse as fresh waves of political violence erupt in Tripoli, crippling key port operations and...

Klaipėda port embarks on green hydrogen initiative

Klaipėda Port launched its green hydrogen initiative, positioning itself as the first in Lithuania and the broader Baltic region to produce and supply green...
error: Content is protected !!