Poseidon Principles loan portfolio exceeds $185 billion

With the international banking group Standard Chartered becoming a signatory to the Poseidon Principles, the global shipping loan portfolio of the member banks has surpassed the $ 185 billion mark. This represents around 50 percent of all shipping finance globally, … Read More

TORM signs 1st sustainability-linked loan

Danish shipping company TORM has refinanced its existing facility with Danish Ship Finance with a new $150 million loan which includes a CO2 emission-linked pricing mechanism. The facility will postpone the debt maturity for eight vessels until 2027, providing the company … Read More

Seaspan inks $200 million sustainability-linked loan

Hong Kong-based containership operator Seaspan Corporation has closed a $200 million sustainability-linked loan inspired by the Poseidon Principles framework. The voluntary framework developed by the banking sector aims to accelerate the implementation of the shipping sector’s green agenda in line with … Read More