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

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