Tag: <span>Ship Finance</span>

PROW Capital launches green shipping fund to accelerate decarbonisation
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PROW Capital launches green shipping fund to accelerate decarbonisation

PROW Capital has announced the launch of the green shipping fund (GSF), a EUR 420 million debt fund that provides credit to shipowners for investments in new and existing vessels or retrofits that demonstrate measurable emissions reductions. The funding of GSF has been structured and arranged in close cooperation with Banco Santander and supported by...

Searoutes raises EUR 2.4M to reduce GHG emissions from shipping
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Searoutes raises EUR 2.4M to reduce GHG emissions from shipping

Marseilles-based start-up Searoutes has announced a EUR 1.3 million financing round to help shipping companies reduce their greenhouse gas (GHG) emissions. The round was led by WSB Beteiligungs, the venture capital firm founded by Wolf Scheder. In August this year, the start-up was awarded a grant of  EUR 1.1m from the European Maritime and Fisheries Fund...

Ince and Idwal collaborate to improve vessel transaction decision-making
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Ince and Idwal collaborate to improve vessel transaction decision-making

Ince Consultancy is launching a non-exclusive collaboration with ship inspection company Idwal. The alliance will initially be launched by the Middle East office to countries in the region the potential to roll out globally. Through this agreement, Ince Consultancy will act as an introducer of Idwal to provide clients with a breadth of services aimed...

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