top of page
Green financing header 2.jpeg

GREEN FINANCING

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:

  • Sustainability-linked loans

  • Green bonds

  • ESG Metric Reporting

  • Carbon Credit Markets

Featured Content

SSL Whitepaper Cover.png

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.

Leading Shipping CEOs and CFOs Share their ESG Actions
54:00
ESG Investing & Shipping: A Roadmap for the Future
43:23
Carbon Trading
38:08
Rewarding and Protecting “First Movers” in Decarbonization
40:26
Ship Finance 2021: Today's Market for Borrowers, Lenders & Investors
42:15
Decarbonizing Shipping
30:23

Event Videos

Green Financing Articles

MM Black Logo Background.png

A Delayed Opening

Apr 14, 2022

Wallenius Wilhelmsen ASA reopened the Nordic bond market with a NOK 1.25 billion sustainability-linked bond.

MM Black Logo Background.png

The First But Certainly Not the Last: The Norwegian Bond Deal of the Year

Mar 1, 2022

Last January, Odfjell SE successfully completed a new sustainability-linked four-year senior unsecured bond issue of NOK 850 million (~$100 million).

MM Black Logo Background.png

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.

MM Black Logo Background.png

There Is Always a First Time

Mar 10, 2022

In its recent earnings presentation, BW LPG highlighted the upsizing of its existing $221 million facility with a $40 million sustainability-linked loan to finance the retrofitting of four dual-fuel LPG propulsion engines.

MM Black Logo Background.png

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).

MM Black Logo Background.png

Everything Is Coming Up Green

Feb 24, 2022

Eneti announced commitments for a $175 million green loan.

Green Financing Deals

Headline

Cadeler Receives EUR 675 Million Financing from DNB Led Syndicate

Company

Cadeler A/S

Type

Loan

Sector

Offshore Wind

Amount (mUSD)

770

Transaction Date

6/18/25

Comments

The EUR 675 million ($770 million) financing includes pre- and post-delivery financing
provided by a DNB led syndicate advised by Norton Rose Fulbright, and is backed by two export financiers China Export & Credit Insurance Corporation (“Sinosure”) and Export Finance Norway (“Eksfin”).

Headline

Norsk Hydro Goes Green

Company

Norsk Hydro

Type

Bond

Sector

Infrastructure

Amount (mUSD)

49.7

Transaction Date

6/10/25

Comments

Norsk Hydro ASA has successfully issued EUR 500 million of senior unsecured European Green Bonds (EuGB) under its Euro Medium Term Note (EMTN) Programme.

Headline

Eidsiva Energi AS issues new Green Bonds - Tranche two

Company

Eidsiva Energy ASA

Type

Bond

Sector

Infrastructure

Amount (mUSD)

49.6

Transaction Date

6/6/25

Comments

NOK 500 million in a new 10-year tranche two

Headline

Eidsiva Energi AS issues new Green Bonds - Tranche one

Company

DNB Carnegie

Type

Bond

Sector

Infrastructure

Amount (mUSD)

123.6

Transaction Date

6/6/25

Comments

NOK 1,250 million in a new 5-year tranche one

Headline

ING Bank Provides K-SURE ECA Insured $72 Million Loan Facility to Algoma

Company

Algoma Central Corporation

Type

Loan

Sector

Diversified

Amount (mUSD)

72

Transaction Date

4/24/25

Comments

ING Bank provided approximately $72 million as a loan facility, supported by the Korean Export Credit
Agency (K-SURE), and advised by Stephenson Harwood to Algoma Central Corporation for the construction of two ice-class product tankers on long-term charter to Irving Oil.

Headline

NYK Issues Transition Bonds to Finance LNG-Fueled Vessels

Company

NYK Line (Nippon Yusen Kabushiki Kaisha)

Type

Bond

Sector

Diversified

Amount (mUSD)

112

Transaction Date

4/15/25

Comments

NYK issued an unsecured “transition bond,” issuing JPY 16 billion ($112 million) at just 1.241% to finance
investments in LNG-fueled vessels.

Headline

KfW-Ipex Finances two Newbuilds for Langh Ship with EUR 35 Million

Company

Langh Ship

Type

Loan

Sector

Diversified

Amount (mUSD)

39.6

Transaction Date

4/1/25

Comments

KfW-Ipex finances EUR 35 million for Langh Ship to build two eco-friendly 1200 TEU feeder container ships at PaxOcean Shipyard.

Headline

Yara International a secures large credit facility

Company

Yara International ASA

Type

Revolving Credit Facility

Sector

Infrastructure

Amount (mUSD)

1400

Transaction Date

3/20/25

Comments

Yara has signed a multicurrency revolving credit facility with a syndicate of 11 banks. The facility matures in March 2030, with options for extension until March 2032 on certain terms. The facility replaces an existing
facility due to expire in July 2026.

Headline

Cloudberry Clean Solutions completes Danish expansion

Company

Cloudberry Clean Energy ASA

Type

Equity

Sector

Infrastructure

Amount (mUSD)

95

Transaction Date

3/28/25

Comments

The transaction boosts production capacity in Cloudberry by approximately 160 GWh in the Nordics' most profitable price areas. It also secures a pipeline of high-potential projects and an experienced development and asset management team in Denmark, enhancing local presence and fostering further growth.

Headline

MPC Container successfully taps one of its senior unsecured bonds

Company

MPC Container Ships ASA

Type

Tap Issue

Sector

Container

Amount (mUSD)

75

Transaction Date

3/20/25

Comments

Net proceeds from the tap issue will be applied towards general corporate purposes, including refinancing of existing financial indebtedness and acquisition of maritime assets.

bottom of page