Geraldton dredging on the way

Mid West Ports Authority (MWPA) is preparing a plan to undertake maintenance dredging activities within Geraldton Port waters to remove accumulated sediments from the Commercial Harbour and Main Shipping Channel.  This project is necessary to ensure the safe navigability and continued … Read More

Hafnia, Diginex team up on maritime-focused ESG reporting tool

Diginex Solutions, a sustainability-focused impact technology company, has partnered with tanker owner and operator Hafnia to create a new environmental, social and governance (ESG) reporting tool for the shipping industry. Image Courtesy: Hafnia As informed, the duo will start the … Read More

Diana Shipping inks sustainability-linked loan

Greek shipping company Diana Shipping has signed a sustainability-linked loan facility with Dutch ABN AMRO Bank through six wholly-owned subsidiaries in the amount of $91 million. As informed, the purpose of the senior secured term loan facility was the refinancing … Read More

NYK pens $840M worth of sustainability loans

Japanese shipping major NYK has signed two sustainability-linked loan (SLL) agreements worth $840 million. The first loan, secured with Sumitomo Mitsui Banking Corporation is worth $600 million, will take the form of a revolving credit facility. The second loan, worth … Read More

NYK puts ESG at the center of business strategy

Japanese shipping major Nippon Yusen Kaisha (NYK) has released the NYK Group ESG Story, presenting detailed activities to advance the integration of Environmental, Social, and Corporate Governance (ESG) into the company’s management strategy. In the future, NYK Group aims to … Read More

Norway’s Odfjell places shipping’s 1st sustainability-linked bond

As the first in the international shipping industry, Norway’s Odfjell SE has successfully issued a sustainability-linked bond (SLB). As informed, the sustainability-linked bond marks a first not only for Odfjell and the international shipping industry but also for the Nordic … Read More

Odfjell to issue a sustainability-linked senior unsecured bond

Norwegian shipping and tank terminal company Odfjell SE is planning to issue a sustainability-linked NOK denominated four-year senior unsecured bond. Odfjell said that the bond issuance would follow a series of fixed income investor calls commencing January 11, 2021. The company … Read More

Maersk scores 4.9 of 5.0 on environmental reporting

Maersk, the world’s largest container shipping company, tops the list of 12 liner companies based on their sustainability performance reporting and planning, the Gliese Foundation said. The company won 4.9 stars out of possible 5.0, the foundation said. As explained, … Read More

14 Ocean Panel nations vow to transform global ocean economy

Fourteen nations represented on the High-level Panel for a Sustainable Ocean Economy (Ocean Panel) and accounting for 30% of the world’s oceans through their exclusive economic zones have committed to the sustainable management of the ocean. The nations led by … 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