In what is asserted as a very first for a Norwegian shipowner, Klaveness Combination Carriers ASA (KCC) has actually safeguarded a $60 million sustainability connected term financing and also rotating credit report center for the funding of the 7th and also 8 of its CLEANBU vessel newbuildings established for shipment in 2021. Nordea is serving as organizer and also bookrunner for the funding and also Credit Agricole CIB as sustainability representative.
The credit report margin will certainly be readjusted, up or down, based upon KCC’s sustainability efficiency, as specified by the firm’s capability to satisfy its objective of minimizing CARBON DIOXIDE exhausts per lots of carried freight per maritime mile (EEOI) and also minimizing outright CARBON DIOXIDE exhausts per vessel.
KCC’s aspiration is to be carbon neutral by 2030, to get to IMO’s carbon strength target for 2030 currently in 2022 and also to minimize outright exhausts per vessel by 15% from 2018 to 2022. On its course to these objectives, KCC’s sustainability performance/KPIs will certainly be divulged on a quarterly basis and also major KPIs will certainly go through a yearly outside audit.
KCC’s CLEANBU mix service providers are developed for transport of both damp and also completely dry mass freights and also are run in professions where they can lug a damp freight one means and also a completely dry freight the various other, or the other way around.
“We strongly believe in the greening of capital and that access to competitive funding going forward will be based on the ability to deliver green transformation. Linking pricing to emissions performance demonstrates our commitment towards our targets to substantially improve CO2 efficiency in our fleet.” states Liv Dyrnes, CFO of Klaveness Combination Carriers ASA, and also includes: “This facility shows us that sustainability ambitions pay off and we are pleased to co-operate with banks that have the same ambitions as us when it comes to sustainability”.
“Credit Agricole CIB is very proud to support KCC in its ambitious route to carbon neutrality by 2030. With a tailor-made solution indexed on KCC sustainability performance regarding its decarbonization pathway, Credit Agricole CIB is supporting both in investing in new and energy efficient vessels and in committing itself towards sustainability strategy objectives,” states Tanguy Claquin, Head of Sustainability within Credit Agricole CIB.
“Nordea is very pleased to have acted as Coordinator and Bookrunner in this transaction where KCC is setting out on an ambitious path to be carbon neutral by 2030. It is key for us to support our customers in their green transition both through advisory and products and this transaction is a strong testament to that. Nordea would like to congratulate all parties involved, and look forward to further cooperation with one of the frontrunners within sustainability in the shipping space,” states Ylva Hannestad, Deputy Head of Group Sustainable Finance in Nordea.