Vista Shipping Secures Green Loan For LNG Dual-Fuel Tankers

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Credits:Alvarez/Unsplash

Standard Chartered led on a $89.6 million sustainability linked loan on behalf of Vista Shipping for the purchase of its first pair of LNG dual-fuelled vessels, reports Bunkerspot.

About the loan

Standard Chartered acted as the Facility Coordinator, Sole Sustainability Co-ordinator, Mandated Lead Arranger and Facility and Security Agent for the transaction. In a statement, the bank said that it had also assisted Vista Shipping, a joint venture between Hafnia and CSSC Shipping Hong Kong, in securing a second party opinion on the loan from DNV, which confirmed that the key performance indicators and sustainability performance targets align with Vista Shipping’s sustainability ambitions.

Standard Chartered acted as the Facility Coordinator, Sole Sustainability Co-ordinator, Mandated Lead Arranger and Facility and Security Agent for the transaction. The Bank also assisted Vista Shipping in securing a second party opinion on this loan from globally leading quality assurance and risk management company DNV, which confirmed that the key performance indicators and sustainability performance targets are material and align with its sustainability ambitions.

The bank noted that: ‘The loan arrangement introduced ambitious targets on annual efficiency ratio and sulphur oxide emissions over a 10-year period, and has a bi-directional margin ratchet mechanism to incentivise performance in meeting these targets. 

‘The delivered vessels must also adhere to Hafnia’s Environmental Management System (EMS), which seeks to minimise adverse environmental effects and ensures that contractors follow clear EMS requirements around measurement and monitoring of environmental effects.’

Commenting on the deal, Perry Van Echtelt, CFO of Hafnia, said: ‘Building duel-fuelled vessels is an important part of Hafnia’s strategy to transition into a more sustainable maritime future. Standard Chartered’s sustainability-linked loan structure aligns our organisational sustainability objectives to meet the loan KPIs.’

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Source: Bunkerspot

67 COMMENTS

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    “Discover Superior Comfort with Freedman’s
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    **Elevate Your Workspace: Freedman’s Office Chairs in Atlanta**

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    – **Martin Luther King Jr. National Historic Site:** Preserving the legacy of
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    Opting for Freedman’s ergonomic office chairs in Atlanta is not merely a decision—it’s a statement.
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    “Discover Unmatched Seating Comfort with Freedman’s
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    **Elevate Your Workspace: Freedman’s Office Chairs in Orlando**

    Located at 200 E Robinson St Suite 1120, Orlando,
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    – **Universal Studios Florida:** A film and television studio theme park with thrilling rides and shows.

    – **Lake Eola Park:** A downtown oasis with swan boats, live swans,
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    – **Orlando Science Center:** A hands-on science museum with interactive exhibits and
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    “Revolutionize Your Workspace with Freedman’s Office Chairs in Atlanta

    **Experience Unparalleled Comfort: Freedman’s Office Chairs
    in Atlanta**

    Nestled at 3379 Peachtree Rd NE, Atlanta, GA 30326, Freedman’s Office Furniture proudly introduces its exceptional
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    Serving neighborhoods like Ansley Park and Buckhead, Freedman’s
    delivers office seating solutions that seamlessly combine ergonomic design with aesthetic appeal.

    **Redesigning Your Office Aesthetic: Freedman’s Office Chairs in Atlanta**

    Founded in 1836, Atlanta has evolved into a bustling metropolis with
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    **Navigating the Cityscape: The Significance of Interstate 20**

    Much like the connectivity provided by Interstate 20, Freedman’s ergonomic office
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    Reflecting Atlanta’s status as a cultural and economic hub,
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    **A Commitment to Excellence: Choosing Freedman’s Chairs in Atlanta**

    In a city known for its rich history and cultural landmarks, choosing Freedman’s ergonomic office chairs is a statement of commitment to excellence.

    Our chairs not only enhance the visual appeal of
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    – **Atlanta History Center:** A comprehensive history museum featuring
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    – **Piedmont Park:** Atlanta’s premier green space, offering walking paths, sports facilities, and beautiful scenery.

    – **Martin Luther King Jr. National Historic Site:** Preserving the
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    – **The Fox Theatre:** A historic performing arts venue
    known for its grand architecture and diverse entertainment.

    – **The High Museum of Art:** Atlanta’s leading art
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    **Why Freedman’s Ergonomic Office Chairs Stand Out in Atlanta**

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