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.

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