Series B funding round included participation from M12 (Microsoft’s venture fund), the Microsoft Climate Innovation Fund, NSS Advisors, Systemiq Capital, Root Ventures, Quiet Capital, TMV, and Amplifier. Proceeds will be used to develop and deploy new product capabilities that support client goals to drive decarbonization while maximizing profits, attract fresh tech talent, and open and expand new offices in key shipping hubs worldwide.

The proceeds will be used for the decarbonisation process, to pursue growth opportunities, and for general corporate purposes.

The company will use the proceeds to finance 3x 4,250 dwt "eco" cement carriers newbuildinds with deliveries in 2022 and 2023. The vessels can burn bio-fuel and have the potential to switch to green methanol with limited additional investment to achieve significantly reduce CO2 emissions per ton carried. Atradius, a Dutch export credit agency, is providing an export credit guarantee for the financing arrangement.

Placement of green bonds with proceeds to finance green projects as defined in Hurtigruten Group's Green Bond Framework, including the upgrading of 3 ships in the Hurtigruten Norway fleet to battery-hybrid power. The vessels will be equipped with new low-emission engines with Selective Catalytic Reduction and large battery packs to reduce CO2 emissions by 25% and NOX emissions by 80%. The company is rated by S&P as CCC+/Caa1 on stable and negative outlooks, respectively.

Sustainability-linked loan aligned with the IMO's 2050 carbon reduction target. Proceeds will be used to purchase 2x 210,000 DWT bulk carriers with reduced fuel consumption.

The company's second ECA-JOLCO transaction. Proceeds will be used to finance 10x 15,000 TEU LNG dual-fuel newbuildings. KEXIM is providing a buyer credit guarantee and direct funding. K-Sure has provided their LOI in strong support of the transaction. The transaction incorporates all requirements with respect to the Poseidon Principles.

Credit facility to finance the purchase of two ice-class shuttle tanker newbuildings with deliveries in Q1 2022 and on charter to Exxon for servicing the Sakhalin 1 project. The vessels will incorporate improved fuel efficiency and decreased CO2 emissions by at least 10%.

Sale-leaseback of 3x dual-fuel LNG VLCC newbuildings with deliveries during the first quarter of 2023. The vessels were chartered back for 7 years and include purchase options.

Share purchase agreement to acquire all outstanding shares in Chemical Tankers Inc. Consideration for the acquisition consists of shares in Hafnia representing 21.5% of the outstanding shares in the combined entity. CTI's major shareholder, Oaktree Capital Management, will hold 20.4% of the shares in the combined entity. The consideration was determined through a NAV for NAV framework, based on broker values and Q1 2021 balance sheets adjusted for other assets and liabilities within each business. CTI's fleet consists of 32 modern and fuel-efficient IMO II product/chemical tankers.

Maersk launched a Green Finance Framework and issued its inaugural green bond to fund the construction of a feeder vessel and 8x large container vessels capable of operating on carbon neutral methanol by 2023 and 2024. The transaction was several times oversubscribed with a final order book of € €3.7bn from broad investor universe. The bond features the the lowest coupon ever for Maersk. The Green Finance Framework received a Cicero Medium Green shading and a governance score of Excellent.

Himalaya Shipping Ltd. is a newly established company backed by Mr. Tor Olav Troim that owns newbuilding contracts for 12 LNG-fueled Newcastlemaxes with delivery in 2023 and 2024. The private placement was directed towards Norwegian and international investors and upsized from $45 million to $50 million following strong investor demand. The pricing gives the company a pre-money equity value of approximately USD 175 million. Net proceeds will be used to pay newbuilding program instalments and general working capital purposes.

Pre and post-delivery financing for the construction of 2x inter-island rail-enabled hybrid-electric ferries from HHI. The facility was certified by the Climate Bond Initiative for demonstrating a clear path to achieving zero carbon emissions by 2050.