Tag: <span>Ship Finance</span>

Prioritise data sharing to meet decarbonisation goals, says CSO of Odfjell
Post

Prioritise data sharing to meet decarbonisation goals, says CSO of Odfjell

Realising the value of high-quality data and sharing it across the global shipping industry is key to catalysing investment and meeting ambitious decarbonisation targets, says Øistein Jensen, chief sustainability officer of Odfjell. Norwegian shipping company Odfjell recently announced an ambitious goal of cutting emissions by 50 per cent by 2030 compared with 2008, committing to...

DNV supports Hapag-Lloyd’s green financing
Post

DNV supports Hapag-Lloyd’s green financing

DNV has supported Hapag-Lloyd in obtaining financing for six of its containership newbuildings according to the Green Loan Principles of the Loan Market Association (LMA). DNV has verified that the transactions fulfil the requirements of the programme. Hapag-Lloyd has concluded two debut transactions according to the Green Loan Principles of the Loan Market Association (LMA),...

Grimaldi secures €35m loan to finance “Zero Emissions in Port” ro-ro
Post

Grimaldi secures €35m loan to finance “Zero Emissions in Port” ro-ro

Grimaldi Euromed has secured a €35m loan from CaixaBank to finance the acquisition of a new roll-on/roll-off (ro-ro) vessel that guarantees “Zero Emissions in Port.” “Zero Emissions in Port” is a Grimaldi Group initiative that falls under its environmental strategy to allow ships to stop at port without using auxiliary engines that produce carbon emissions. The...

Environmental, Social & Governance performance for access to shipping finance
Post

Environmental, Social & Governance performance for access to shipping finance

PwC Greece has addressed the crucial issue of Environmental, Social and Governance (ESG) factors in the maritime industry and their link to shipping finance during an online event titled “The importance of ESG factors in accessing shipping finance”, organised on 11 June 2020. The event was attended by shipping industry decision-makers amongst which CFOs and...

50m finance scheme to help deliver hybrid power systems
Post

50m finance scheme to help deliver hybrid power systems

A new finance deal that will allow offshore and marine asset owners to reduce their fuel consumption, costs and emissions has been launched. Blueday Technology, which designs and installs integrated energy systems for energy, marine and maritime customers, has teamed up with sustainable energy infrastructure fund manager SUSI Partners to offer a new financing structure...

UK plans for zero-emission ships by 2025
Post

UK plans for zero-emission ships by 2025

An ambitious plan set out by the United Kingdom to cut pollution from the country’s maritime sector has called for zero-emission capable ships to be operating in UK waters by 2025. The Clean Maritime Plan published this week outlines the commitment and ways the government plans to incentivise the transition to zero-emission shipping. To achieve...

Teekay secures Norwegian financing
Post

Teekay secures Norwegian financing

Teekay Offshore has secured long-term financing from the Norwegian Government for four new shuttle tankers equipped with a new Wärtsilä and Teekay developed technology for zero volatile organic compounds (VOC) emissions. On behalf of the Norwegian Government, Export Credit Norway and GIEK have provided loan and guarantee of USD 165.5 million. The financing is part...

Data analytics platform raises $5m in Series A-1 financing
Post

Data analytics platform raises $5m in Series A-1 financing

Maritime data analytics company ioCurrents has raised $5 million in Series A-1 financing led by Imagen Capital Partners to facilitate immediate roll-out of ioCurrents’ MarineInsight data analytics platform. MarineInsight gathers, analyses and transmits data in real-time over cellular, satellite or WiFi allowing local and remote operators to gain operational insights through an easy to use...

Spliethoff secures EUR 110m for scrubbers and BWTS
Post

Spliethoff secures EUR 110m for scrubbers and BWTS

Dutch ship management company Spliethoff has secured a EUR 110.4 million loan for the installation of scrubbers and ballast water management systems (BWMS) across 42 of its vessels. The loan has been provided by ING and the European Investment Bank (EIB) as part of a EUR 300 million joint EIB-ING Green Shipping Partnership, signed in...

Start-up We4Sea secures funding to roll out unique fuel monitoring platform
Post

Start-up We4Sea secures funding to roll out unique fuel monitoring platform

Dutch maritime start-up We4Sea has secured funding from ENERGIIQ, Mainport Innovation Fund II and angel investors to accelerate development and roll out of its fuel and emissions monitoring platform. Based in Delft, the Netherlands, We4Sea has an ambitious goal of saving one million tonnes of CO2 emissions from ships. Speaking with VPO Global, CEO and co-founder...

MSC secures US $439m loan for 86 scrubbers
Post

MSC secures US $439m loan for 86 scrubbers

Mediterranean Shipping Company (MSC) has secured a US $439 million loan for scrubbers to meet the IMO’s 2020 0.5 per cent sulphur cap. The scrubbers will be installed on 86 MSC containerships. Law firm Watson Farley & Williams (WFW) is advising lending company BNP Paribas on the loan. There are four other banks also acting...