ESM Fulfils Funding Target

The European Stability Mechanism (ESM) completed its fourth quarter funding needs on Monday, raising the full €2 billion it had targeted The ESM issued a new €2 billion 0% bond maturing on 16 December 2024. The spread was fixed at mid-swaps minus 8 basis points, for a reoffer yield of -0.582% and a new issue…

Reducing Emissions from International Shipping

According to the International Maritime Organization (IMO), international shipping accounts for about 2.2% of global CO2 emissions.  Although shipping is considered one of the most energy-efficient modes of mass transport, a global approach to improving emissions is needed.  Poul Woodall, Director of Environment and Sustainability at DFDS, says that he sees companies across Europe accepting…