Overview
We will be collecting all transaction data that has a green financing element to it, as well as elaborating on new green financing techniques and strategies we are seeing come to market. To ensure that we have the most up-to-date information, we will be hosting green financing experts who are involved in these transactions to shed further light on this important topic.
Current focus will be on:
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Sustainability-linked loans
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Green bonds
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ESG Metric Reporting
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Carbon Credit Markets
Featured Content
Green Financing Report
Marine Money brings you Green & Sustainability-linked Financing for Shipping: Understanding the Requirements, Benefits and Costs of Responsible Finance. From second party opinions to Key Performance Indicators, this report helps borrowers understand the key considerations of this fast-growing market for capital.
Event Videos
Green Financing Articles
e1 Marine & the $40 million win, Win, WIN!: The Preferred Equity Deal of the Year
Mar 1, 2022
Shipping companies generally issue preferred shares for three basic reasons: (1) they need the cash; (2) their balance sheet can’t support more cheap debt; and (3) their share price is so low that issuing common equity would be unduly dilutive to shareholders.
Höegh Autoliners Equity Private Placement to Fuel Green Transition of Fleet: Equity Private Placement Deal of the Year
Mar 1, 2022
On November 24th, 2021, Höegh Autoliners, one of the leading global operators in the car carrier shipping segment, completed a landmark private placement of NOK 1,365m (USD 135m).
Green Financing Deals
Headline
MPC Container Ships (MPCC) goes green to finance two new container ships
Company
MPC Container Ships ASA
Type
Loan
Sector
Container
Amount (mUSD)
55
Transaction Date
4/25/24
Comments
MPC Container Ships ASA (MPCC) has successfully signed a pre- and post-delivery ECA covered financing agreement for its two dual-fuel methanol newbuildings scheduled for delivery towards the end of 2024. Additional details were not disclosed.
Headline
Mitsui OSK Lines (MOL) taps its green loan fund for a VLCC financing
Company
Mitsui O.S.K. Lines
Type
Loan
Sector
Diversified
Amount (mUSD)
130
Transaction Date
4/3/24
Comments
MOL has decided to apply the funds to finance the construction of an LNG dual fuel very large crude carrier (VLCC). Brokers believe the shipowner is paying about $130m per ship.
Headline
Norwegian energy fund provides grant for Berents Sea oil field development
Company
Source Galileo Norge
Type
Equity
Sector
Offshore Wind
Amount (mUSD)
190
Transaction Date
3/12/24
Comments
Odfjell Oceanwind, Source Galileo Norge and Vår Energi are collaborating on a pilot project for a floating offshore wind farm in the Barents Sea. Norwegian government clean energy fund Enova SF is providing significant development funding.
Headline
A. Energi a major supplier of renewable energy including hydro and wind concludes tranche 2 of a green bond issue
Company
A Energi AS
Type
Bond
Sector
Diversified
Amount (mUSD)
95.7
Transaction Date
3/11/24
Comments
A. Energi has today successfully issued tranche 2 of a senior unsecured green bonds with a total amount of NOK 1,250 million, the transaction was split into two tranches. Total issued for this tranche is NOK 1000 million
Headline
A. Energi a major supplier of renewable energy including hydro and wind concludes tranche 1 of a green bond issue
Company
A Energi AS
Type
Bond
Sector
Diversified
Amount (mUSD)
23.9
Transaction Date
3/11/24
Comments
A. Energi has today successfully issued tranche 1 of a senior unsecured green bonds with a total amount of NOK 1,250 million, the transaction was split into two tranches. Total bonds issued for this tranche totaled NOK 250 million
Headline
Mitsui OSK Lines ("MOL") successfully issues their first "Blue Bond"
Company
Mitsui O.S.K. Lines
Type
Bond
Sector
Diversified
Amount (mUSD)
136
Transaction Date
1/31/24
Comments
MOL received expressions of interest in the bonds from over forty financial institutions. Bonds are rated A+ by The Japan Credit Rating Agency, Ltd. (JCR)
Headline
Dorian LPG enters into a refinancing credit facility - Part 1 Term loan
Company
Dorian LPG Ltd.
Type
Loan
Sector
Gas
Amount (mUSD)
240
Transaction Date
12/22/23
Comments
The 2023 A&R Debt Facility amended and restated the Company’s 2022 debt financing facility with the Lenders. Part 1 consists of a term loan facility in an aggregate original principal amount of $240.0 million, of which $215,000,000 remains outstanding.
Headline
Seattle based logistics provider successfully completes refinance credit facility
Company
Centerline Logistics
Type
Loan
Sector
Diversified
Amount (mUSD)
425
Transaction Date
12/21/23
Comments
This new credit facility, with the majority of the capital stack featuring “A” and “BBB-” credit ratings, will provide Centerline with enhanced financial flexibility and resources to continue pursuing its long-term strategic objectives.
Headline
Navtor leads research into improved voyage planning via artificial intelligence
Company
Navtor
Type
Equity
Sector
Other
Amount (mUSD)
4
Transaction Date
12/18/23
Comments
NAVTOR AS, Grieg Star AS, Maritime CleanTech, Scandinavian Reach Technologies AS, Simula Research Laboratory AS, SinOceanic Shipping AS, and Sustainable Energy AS have received funding from the Norwegian governments "Green Platform" scheme to develop improved voyage planning systems us artificial intelligence methods to analyze larger amounts of vessel data than can currently be analyzed.