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Maersk links $5bn credit facility to better CO2 performance

Maersk secured a new sustainability-linked revolving credit facility of $5.0bn through a syndicate of 26 selected banks. The facility is linked to the company’s CO2 performance. More specifically, the credit margin under the facility will be adjusted based on Maersk’s progress to meet its target of reducing CO2 emissions per cargo moved by 60% by 2030.

Baltic Exchange: Maritime market highlights 17-21 Feb

The Baltic Exchange, the world’s independent source of maritime market data, has issued its reports for the last week, 17-21 Feb 2020, to provide information of the bulk and dry market performance. The information is used by shipbrokers, owners & operators, traders, financiers and charterers as a reliable and independent view of the dry and tanker markets.

CIP achieves financial close for its offshore wind project

Copenhagen Infrastructure Partners (CIP) announced that reached financial close for the 589 MW offshore wind project’s establishment in the coast of Changhua County, Taiwan. In fact, the Changfang and Xidao wind farm will be powered by 62 of MHI Vestas 9.5MW turbines and are expected to begin operations in early 2024.

Piraeus Bank to provide new ship finance offering

After Piraeus Bank’s announcement on 12 July 2019 that it was exploring a possible partnership with a major Asian Pacific financial conglomerate, it has now entered into an exclusive, strategic collaboration agreement with ORIX Corporation, a Japan and US-listed company, for the provision of financing solutions to the Greek maritime sector.

Cargo theft trends on global supply chains during 2019

The transport and logistic insurer TT Club along with the global provider BSI issued the “Cargo Theft Report 2020” highlighting the impact of cargo theft on the global supply chain, while giving its recommendations of how theft risks can be reduced.

WTO: Merchandise trade numbers weak in 2020

The World Trade Organization published its goods trade analysis for December 2019, and the results indicate that “trade volume growth may continue to weaken into early 2020,” even without taking the COVID-19 (coronavirus) epidemic into account. 

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