Tag: green finance

ProMarine AG has announced the launch of a sustainable shipping fund with an initial portfolio of four methanol-fuelled MR tankers led by Proman and Stena Bulk AB.

Trafigura has announced the closing of its new Syndicated Revolving Credit Facility (RCF) and Term Loan Facilities at c. USD2.7 billion-equivalent.

Hafnia Limited has signed a Sustainability-Linked Credit Facility (Loan Facility) with a syndicate of eight banks, with commitments of up to USD 303 million.

Nordic Investment Bank (NIB) and Wärtsilä have agreed to a ten-year, EUR 75 million investment loan to support research and development in marine decarbonisation and renewable energy.

In a significant development, the Port of Melbourne (PoM) has successfully concluded a sustainability linked loan (SLL) worth a staggering $475 million.

Wan Hai Lines announced the completion of a 10-year NT$3 billion sustainability-linked shipping financing agreement with Standard Chartered Bank.

Klaveness Combination Carriers ASA (KCC) released a sustainability linked financing framework and completed a $190 million sustainability linked facility refinancing.

As Hecla Emissions Management estimates in regard to EU ETS, the shipping industry could be liable for €3.1 billion in 2024, €5.7 billion in 2025 and €8.4 billion in 2026.

According to UNCTAD Global Investment Trends Monitor, developing countries face a $2.2 trillion annual investment gap for the energy transition.

In a recently published report, World Maritime University studies and presents 10 trends influencing global commercial shipping.