AGP Executive Report
Last update: 9 hours agoRegional Energy Security: Pacific Islands Forum Economic and Finance Ministers meet in Majuro June 23–24, chaired by RMI Finance Minister David Paul, to push faster rollout of the Pacific Roadmap for Economic Development and agree a coordinated response to the energy crisis, with fuel security and external shocks front and center. Maritime Governance & Shipping: A major drybulk ownership fight is heating up around Genco Shipping & Trading’s June 18 annual meeting, as Diana Shipping raises its offer to $27.34/share and Genco shareholders back the board overwhelmingly (near 90% support for director nominees), while both sides urge votes. Local Infrastructure Delivery: Australia’s Reliant vessel completed a 1,300-nautical-mile run across the Marshall Islands to deliver water-sector materials for UNDP’s ACWA+ project, using landing craft and heavy community offloading at remote atolls. Clean Shipping Pact: Seven Pacific transport ministers signed the Pacific Blue Shipping Partnership in Majuro to coordinate a low-carbon maritime transition, aiming at cleaner fleets, resilient ports, and skilled workers. Climate & Ocean Resilience: Pacific COP31 envoys were appointed, including RMI’s Kristina Eonemto Stege, to elevate Pacific priorities on climate action and the 1.5°C goal ahead of COP31 in Türkiye.
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