Brought to you by: Monaco Life
On Sunday, October 2, volunteers from the International School of Monaco joined forces with Stars’n’Bars to help to clean up the port following the Monaco Yacht show.
The group collected “abandoned” plastic bottles, food wrapping, metal packaging, bubble wrap and papers for disposal in the Yellow Trash Bin provided by the SMA (Société Monégasque d’Assainissement).
With its strategic port location, Stars’n’Bars initiated this operation to take effect as soon as possible after the 4-day event to keep litter from falling into the sea, creating pollution and endangering sea life.
ISM students donated their spare time as part of the school’s community service program and in support of Stars’n’Bars Eco-Hub campaign to raise awareness about recycling and to develop eco-friendly habits.
At a press conference last month, Mme Marie-Pierre Gramaglia, Minister of Public Works, the Environment and Urban Development, launched the “A bag for life” initiative stating, “There are 250 billion plastics bags in the Mediterranean sea, and each bag takes 450 years to decompose.”
The Prince Albert II of Monaco Foundation has signed the Arctic Commitment and pledged its support for a ban on the use and carriage of heavy fuel oil in Arctic shipping.
All travellers entering France from Europe by air or sea will have to present a negative PCR test from Sunday 24th January.
A new website, Monaco Santé, has been created in the Principality, providing information and services for residents and visitors including online bookings and consultations.
Monaco has just completed its seventh year of Winter School in conjunction with the Sciences Po Menton campus, only this year, all classes were held virtually for the first time ever.
Monaco-based Scorpio Bulkers, the dry-bulk shipping company, issued a market update on Tuesday, January 30, in which it said that for the first time since 2014 dry bulk ton-mile demand growth, at 5.3 percent, outpaced fleet supply growth.
With the advent of new sulphur emission regulations in 2020, modern fuel efficient ships have a competitive advantage over older tonnage through lower fuel consumption. “ECO Ships make a difference,” Scorpio commented.
Scorpio Bulkers has the youngest ECO dry bulk fleet and fuel efficient vessels ready for the new sulphur and ballast water treatment regulations, the company said.
During the last 12 months asset values have increased and resale values now exceed new building values, supporting market expectations of continued recovery.
Scorpio Bulkers Inc. owns 56 mid-size dry bulk "ECO" vessels with an average age of two years and time charters in one vessel. The company is headquartered in Monaco, incorporated in the Marshall Islands, exempt from US income tax, has NYSE-compliant governance and transparency for foreign private issuers and is listed under the ticker “SALT”.