Tag: <span>Sustainability</span>

ABS evaluates potential of carbon capture and storage
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ABS evaluates potential of carbon capture and storage

Carbon Capture, Utilisation, and Storage (CCUS) is the latest decarbonisation technology to be evaluated by ABS as part of its series of sustainability guidance. The ABS Whitepaper: Carbon Capture, Utilisation and Storage explores the technology’s potential, gives an overview of the current technology, evaluates opportunities for utilisation of carbon and for its storage, as well...

KPI OceanConnect launches future fuels division
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KPI OceanConnect launches future fuels division

KPI OceanConnect has launched its alternative fuels and special projects division to enhance its counterparts’ ability to achieve their sustainability ambitions. Bill Wakeling, an expert in marine fuels, will lead the new offering. He will lead on all matters relating to alternative fuels and decarbonisation, as well as exploring opportunities for new ventures and projects....

METIS contributes to EU decarbonisation project
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METIS contributes to EU decarbonisation project

METIS Cyberspace Technology is contributing to an EU-backed project that will test clean energy solutions on board vessels to help achieve decarbonisation targets. The ENGIMMONIA project comprises two main areas of focus: promoting the global adoption of alternative fuels – namely ammonia – in shipping to reduce the industry’s carbon footprint; and adapting clean energy...

U-Ming secures first sustainability-linked loan
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U-Ming secures first sustainability-linked loan

U-Ming Marine Transport Corporation, Taiwan’s largest publicly listed bulk carrier company, has secured its first Sustainability-Linked Loan (SLL) of USD 45 million with E.SUN Commercial Bank. To secure the SSL, U-Ming underwent a rigorous due-diligence process that evaluated the company’s financial strength as well as ESG achievements. The SSL also incorporates an incentive scheme linked...

IRClass completes biofuel sea trials
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IRClass completes biofuel sea trials

Indian Register of Shipping (IRClass) has undertaken successful sea trials for two vessels towards use of biofuels in concurrence with the Indian flag administration. The two vessels – Ambuja Mukund and Ambuja Vaibhav, are owned by Ambuja Cements, which is a part of the global conglomerate Lafarge Holcim, a leader in building solutions. In a...

Hafnia signs US $374M sustainability-linked term loan
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Hafnia signs US $374M sustainability-linked term loan

Hafnia has signed a seven-year USD 374 million Sustainability-Linked Senior Secured Term Loan and Revolving Credit Facility (SLL) with a syndicate of 10 banks. The SLL is to refinance existing US $676 million and $28 million facilities maturing in March 2022 and December 2023, respectively. The syndicate includes ABN AMRO, BNP Paribas, DBS Bank, ING...

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),...

Hempel launches new sustainability framework
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Hempel launches new sustainability framework

Global coatings manufacturer Hempel has announced the launch of its new sustainability framework, Futureproof. The launch of Futureproof follows the recent announcement that Hempel has an ambition to double its revenue by 2025. “We firmly believe that placing sustainability at the heart of how we do business is essential for our ambition to double the...

Hempel announces plans to double business by 2025
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Hempel announces plans to double business by 2025

An ambitious new strategy by coatings supplier Hempel aims to double the company’s revenue and positive impact by 2025. While still securing paint and coatings supply globally in a challenging COVID-19 year and developing core business areas, a new strategy on how to focus the 105-year-old company has taken shape. Now defined as within the...