K Line signs sustainable loan to invest in decarbonization

Japanese K Line signs a sustainability-linked loan with syndicated lenders to invest in decarbonization and transition strategies. Sustainable bank financing is picking up speed in the shipping industry.

Photo: Lou Dematteis/Reuters/Ritzau Scanpix

Japanese K Line signs a sustainable loan with syndicated lenders to invest in the carrier's transition towards a more sustainable operation.

The loan, totaling USD 991 million, is arranged by Mizuho Bank and will be spent on the actualization of K Line's targets towards decarbonization and transition strategies, writes the carrier in a press release.

Read the whole article

Get 14 days free access.
No credit card required.

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

IKEA sustainability manager: Green solutions should not cost more

As a starting point, furniture giant Ikea won't accept that green solutions become more expensive than polluting solutions, says Elisabeth Munck af Rosenschöld, Global Sustainability Manager for Supply Chain Operations, to ShippingWatch. Ikea is part of an alliance of global companies that calls for green shipping by 2040.

Long Beach logjam of container vessels grows to 80

Bottlenecks at major US container ports in continue to grow, with the ports of Long Beach and Los Angeles being the worst hit at the moment. Here, 80 vessels are waiting to berth, according to new figures form Vessels Value.

Further reading

Related articles

Trial banner

Latest news

See all jobs