- Six new container ships being built for Hapag-Lloyd will deliver emissions savings of as much as 25%.
- As a result it wins the liner green financing for its order.
- Hapag-Lloyd’s six new 23,500 TEU boxshipswill be able to run on LNG as well as conventional bunkers, and are due for delivery in 2023.
A Ship and Bunker news highlights that 25% emissions reduction wins Hapag-Lloyd Newbuilds Green Financing.
What is Green Financing?
Green financing is a category of lending in which the borrower needs to demonstrate the environmental credentials of its project in order to satisfy the lenders.
The lending category is growing, and shipping companies will increasingly need to access it to secure financing for their newbuildings.
Syndicate Loan
“Thanks to their extremely fuel-efficient high-pressure dual-fuel engines, the newbuildings will be able to reduce CO2 emissions by approximately 15 to 25 percent,” Hapag-Lloyd.
Hapag-Lloyd has secured a syndicated loan of $417 million and lease financing of $472 million for the order, the company said in a statement on its website on Monday.
Both transactions meet the green loan principles of the Loan Market Association.
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Source : Ship and Bunker
