US Congress passes five-year offshore wind tax credit

The U.S. Congress has passed a year-end spending package which includes a provision that would extend the Tax Credit (ITC) for offshore wind facilities at 30% through 2025. The provision is part of the Offshore Wind Incentives for New Development (WIND) Act, introduced by Senator of Massachusetts Edward J. Markey, Rhode Island Senator Sheldon Whitehouse and Congressman Jim Langevin last …

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Costa Rican hybrid sailboat aims to reduce shipping industry’s carbon footprint

Some 200 workers from 27 nations are building a hybrid sailboat on the Pacific coast of Costa Rica designed to carry 350 tons of goods, hoping to demonstrate that in the 21st century it is possible to transport cargo without polluting the environment. Inspired by the historic Finnish trading schooner Ingrid of the Aland Islands, …

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EXMAR Issues Financial Update

Despite the extra-ordinary year 2020 in many ways with both the human and economic consequences of the Covid pandemic, the Executive Committee of EXMAR NV is pleased to report an update on several ongoing financial matters improving its financial position: – On 14th December 2020, the refinancing of the bank facility of EXMAR’s LPG midsize …

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