ShippingWatch

Sustainable ship financing has grown considerably in one and a half years

The number of sustainable bonds has gone up considerably for the past one and a half years. According to ING and KfW IPEX-Bank, there is a need for common standards for what counts as sustainable.

Photo: PR / Hapag-Lloyd

Two of the most active shipping banks in Europa, Dutch ING and German KfW IPEX-Bank, are noting an increase in interest for sustainable loans to the maritime sector.

In the past 18 months, ING has had 30-35 transactions, which head of sustainable financing Martijn Hoogenwerf would characterize as "sustainable" or at least linked some form of sustainable agreement. Prior to this, the number was around two or three, he said at the Marine Moneys Asia conference, which took place in Singapore Tuesday.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

MPC upgrades 2022 guidance after strong first half

MPC Container Ships reports continued advancement in Q2, raising guidance for its operating result to almost half a billion dollars. High rates will continue for several quarters yet, the company expects.

Further reading

Related articles

Latest news

See all jobs