Mark Clintworth

Independent Researcher, Infrastructure Investment and Financial Risk Management
United Kingdom
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Mark Clintworth

Independent Researcher, Infrastructure Investment and Financial Risk Management
United Kingdom
Contact
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Phone: 
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Clintworth is an independent researcher specialising in shipping company financial risk through the application of machine leaning tools. He served as the Head of Shipping for the European Investment Bank (EIB) in Luxembourg, until 2019.  The role of the EIB is to support the policies of the European Union, acting as its long-term financial institution.  With respect to shipping, this entails financial support in achieving and maintaining an efficient, sustainable EU maritime industry through newbuild and retrofit financing and one that promotes R&D and innovation, and which is also heavily focused on employment and growth.

Clintworth joined the EIB as Projects Directorate, Air & Maritime Division in 2006 as a Senior Project Engineer responsible for the technical & economic appraisal of maritime investment projects, before progressing on to lead the Shipping department in 2012, as the bank began to expand its presence in the shipping sector. His mandate was to identify how the EIB could facilitate improvement in the environmental performance (or “greening”) of EU shipping. Furthermore, a greater presence for the EIB in ship financing was deemed necessary as the financial crisis of 2008 resulted in the sharp decrease of commercial lenders in the sector. The banks increased presence was meant to provide a positive “signalling” effect to attract commercial lenders back into the sector through the provision of long-term lending and guarantee facilities. The task involved the working closely with major players in the maritime industry such as large commercial shipping banks, industry bodies such as the European shipowners and ship builders’ representatives, the European Commission and EU member state government representatives, in order to precisely target EU financial support for the sector. These efforts culminated in 2019 with the Bank having developed a shipping portfolio amounting to over 3 billion euro in loans. It also witnessed the creation of two funding facilities for the sector, the Green shipping Guarantee facility and Programme Loan designed to provide the EU shipping sector with provision for a further 3 billion in ship finance. This also involved a significant amount of PR effort ranging from press interviews, article publications and conference speeches and panel discussions.

Integral in his role as Head of Shipping, Clintworth has personally been at the helm of supporting the financing of sustainable shipping projects, funding largely (but not limited to) European ship owners and operators, as well as R&D support which contribute to the overall improvement of EU fleet efficiency whilst consequently reducing its negative environmental impact.

Clintworth is a regular keynote speaker and panellist at global maritime industry events as well as a visiting lecturer for a number of Universities. The focus of these varied representations is maritime finance and environmental issues. 

Clintworth began his career as a research scientist with British Telecom Research and IBM Laboratories in the UK as well as NCR Communication in the Netherlands. He then joined the European Investment Bank in Luxembourg in 1991 and amongst other roles has helped lead the modernisation of the EIB’s financial front and back office systems.

Clintworth holds an PhD in the application of machine learning to shipping company financial risk management. He also has an MSc in Naval Architecture and Marine Engineering from the University of Newcastle and BSc (Hons) in Computer Science (Hons) from the University of Liverpool, UK. He is a member of the British Computer Society (MBCS) and a Chartered Engineer with UK Engineering Council. He is also a member of the Royal Institution of Naval Architects (RINA).


Clintworth is an independent researcher specialising in shipping company financial risk through the application of machine leaning tools. He served as the Head of Shipping for the European Investment Bank (EIB) in Luxembourg, until 2019.  The role of the EIB is to support the policies of the European Union, acting as its long-term financial institution.  With respect to shipping, this entails financial support in achieving and maintaining an efficient, sustainable EU maritime industry through newbuild and retrofit financing and one that promotes R&D and innovation, and which is also heavily focused on employment and growth.

Clintworth joined the EIB as Projects Directorate, Air & Maritime Division in 2006 as a Senior Project Engineer responsible for the technical & economic appraisal of maritime investment projects, before progressing on to lead the Shipping department in 2012, as the bank began to expand its presence in the shipping sector. His mandate was to identify how the EIB could facilitate improvement in the environmental performance (or “greening”) of EU shipping. Furthermore, a greater presence for the EIB in ship financing was deemed necessary as the financial crisis of 2008 resulted in the sharp decrease of commercial lenders in the sector. The banks increased presence was meant to provide a positive “signalling” effect to attract commercial lenders back into the sector through the provision of long-term lending and guarantee facilities. The task involved the working closely with major players in the maritime industry such as large commercial shipping banks, industry bodies such as the European shipowners and ship builders’ representatives, the European Commission and EU member state government representatives, in order to precisely target EU financial support for the sector. These efforts culminated in 2019 with the Bank having developed a shipping portfolio amounting to over 3 billion euro in loans. It also witnessed the creation of two funding facilities for the sector, the Green shipping Guarantee facility and Programme Loan designed to provide the EU shipping sector with provision for a further 3 billion in ship finance. This also involved a significant amount of PR effort ranging from press interviews, article publications and conference speeches and panel discussions.

Integral in his role as Head of Shipping, Clintworth has personally been at the helm of supporting the financing of sustainable shipping projects, funding largely (but not limited to) European ship owners and operators, as well as R&D support which contribute to the overall improvement of EU fleet efficiency whilst consequently reducing its negative environmental impact.

Clintworth is a regular keynote speaker and panellist at global maritime industry events as well as a visiting lecturer for a number of Universities. The focus of these varied representations is maritime finance and environmental issues. 

Clintworth began his career as a research scientist with British Telecom Research and IBM Laboratories in the UK as well as NCR Communication in the Netherlands. He then joined the European Investment Bank in Luxembourg in 1991 and amongst other roles has helped lead the modernisation of the EIB’s financial front and back office systems.

Clintworth holds an PhD in the application of machine learning to shipping company financial risk management. He also has an MSc in Naval Architecture and Marine Engineering from the University of Newcastle and BSc (Hons) in Computer Science (Hons) from the University of Liverpool, UK. He is a member of the British Computer Society (MBCS) and a Chartered Engineer with UK Engineering Council. He is also a member of the Royal Institution of Naval Architects (RINA).


Emergent Technologies and Maritime Transport: Challenges and Opportunities
Tiago Fonseca, Khanssa Lagdami, Jens-Uwe Schröder-Hinrichs
Proceedings of the International Association of Maritime Universities (IAMU) Conference
(
), 
115-128
Assessing Innovation in Transport: An Application of the Technology Adoption (TechAdo) Model to Maritime Autonomous Surface Ships (MASS)
Tiago Fonseca, Khanssa Lagdami, Jens-Uwe Schröder-Hinrichs
(
), 
Study on social aspects within the maritime transport sector
Laura Carballo Piñeiro, Tiago Fonseca, Khanssa Lagdami
(
), 
Pub-000017
A Schönborn
Fuel
165
(
), 
389-396
Pub-000013
A Schönborn, M.D. Le, R. Fournet, P.-A. Glaude, V. Warth, B. Sirjean
Energy & Fuels
33
(
12
), 
12704–12713
Pub-000011
A Schönborn
Proceedings of the Institution of Mechanical Engineers
(
), 
Pub-000001
A. Schönborn, MD Le, R Fournet, PA Glaude, V Warth, B Sirjean
Combustion and Flame
205
(
), 
466-483
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