Norway's Odfjell has just completed what the company itself calls a sustainability-linked bond.
The bond issuance raises NOK 850 million (USD 100 million) set to mature on Jan. 21 2025. According to Odfjell, the bond is the first issued under a new sustainability-linked finance framework and is linked to the shipping company's plans for optimizing its fleet and lowered its CO2 emissions.
Already a subscriber? Log in.
Read the whole article
Get 14 days free access.
No credit card required.
Get full access for you and your coworkers.
Start a free company trial todayMore from ShippingWatch
BW LPG chief exec reports average day rates down by USD 15.000 in 2021
The LPG market takes abrupt turns, and the average spot rate for BW LPG is lower in 2021 than in 2020. But chief executive Anders Onarheim expects that 2022 will bring slightly better rates than what he has seen on average this year, he tells ShippingWatch.
Employee at Bunker Holding subsidiary charged for alleged corruption
A trader at KPI Oceanconnect, a subsidiary of Bunker Holding, has been charged with alleged corruption totaling at least USD 191,250 as rewards for nominating Straits for the supply of bunker fuel to KPI's customers. The employee has been suspended and his contract terminated, the company informs ShippingWatch.
Analysis from Maersk Mc-Kinney Møller Center shows path to decarbonized shipping by 2050
The global maritime sector can reach zero-emission shipping by 2050, according the first comprehensive analysis from the Maersk Mc-Kinney Møller Center for Zero Carbon Shipping. "Four main drivers can accelerate the transition," the analysis reads. Find the analysis here.
Freight rates for furniture eat up almost entire profit
The price of shipping a 40-foot container with assembled furniture from Asia to the US West Coast is currently so high that freight rates make up almost 100 percent of the furniture's retail value, according to Sea-Intelligence.
Wallem Group appoints new CEO
Wallem Group appoints interim CEO since January 2021 as the new chief executive officer of the ship management company.
.jpg)
Operational Sales Coordinator 
Commercial Operations - Stena Bulk 
Chief Business Officer for Cruise 
Senior Accountant to Finance & Accounting 
Re-posting: Do you want to help set the agenda for the maritime competencies of the future? 
Coordinator / Marine Operator / Operations 
Senior Sales Director Naval - Terma 
Operations Executive