This Investment Management Company Announces Green Shipping Fund

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PROW Capital is proud to announce the launch of the Green Shipping Fund (GSF), a €420 million debt fund that provides credit to shipowners for investments in new and existing vessels or retrofits that demonstrate measurable emissions reductions, reports Hellenic Shipping News.

Zero emission

The shipping industry’s need to invest in decarbonisation has become a top priority. The IMO’s increased focus on reducing the shipping industry’s emissions, the recently announced “Fit for 55” package by the European Commission, the most recent IPCC report, and several industry initiatives, such as the Poseidon Principles and the Getting to Zero Coalition, underline the need to accelerate the transition to zero emissions.

PROW Capital’s ambition

Their ambition is to make zero emissions shipping a reality and become a viable long-term financing alternative for vessel owners that complements traditional bank financing in the maritime sector.

PROW Capital is proud to announce the launch of the Green Shipping Fund (GSF), a €420 million debt fund that provides credit to shipowners for investments in new and existing vessels or retrofits that demonstrate measurable emissions reductions.

GSF financing

To qualify for GSF financing, vessels must outperform relevant emissions regulations. With an average loan size of €15-€50 million and strict eligibility criteria, GSF provides competitively priced pre- and post-delivery senior secured debt financing to short- and deep-sea vessel owners located in Europe.

For investors, GSF provides investments with impact, generating significant emissions savings, an appropriate risk adjusted financial return and supports investors’ corporate, social and environmental commitments. PROW Capital monitors vessel emissions data and transparently reports independently validated CO2, NOx, SOx and PM emissions reductions.

About PROW Capitol

PROW Capital was founded in 2020 by a team of seasoned maritime technology, finance and sustainability professionals. PROW is based in Amsterdam, the Netherlands, and is registered by The Dutch Authority for Financial Markets (AFM). PROW Capital is a member of the Getting to Zero coalition.

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Source: Hellenic Shipping News 

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