Seatrium secures USD 400m green loan
The loan will help finance and ensure the sustainable development of the Singapore-based shipyard, which in 2023 alone raised USD 2bn in sustainability-linked loans and green financing.
Mr Adrian Teng, Seatrium’s Chief Financial Officer, said, ”Seatrium is pleased to partner with UOB on our inaugural green loan facility that will enable us to unlock new opportunities to scale our business ambitions in maritime and offshore renewables. Successful partnerships with industry players and financial institutions are critical in achieving our shared commitment towards maritime decarbonisation. UOB’s strong support for our green financing efforts underscores their commitment towards sustainable development, a key step towards driving positive change in clean energy transition.”
Seatrium continues its streak of green loan facilities that the Singapore-based company obtained in 2023 with a new loan of USD 400m, the offshore and marine engineering group, which has entered into the loan agreement with the bank UOB, writes in an announcement.
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