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Van Oord Develops First Green Loan Framework

marinesalvage by marinesalvage
January 4, 2021
in News
0
Van Oord

Van Oord has actually created a Green financing structure as component of its funding approach. The initially Green Loans under the arrangement were authorized by Rabobank as well as BNP Paribas recently. The Green Loans are connected to Van Oord’s sustainability program S.E.A. as well as are planned for the funding of the 3 brand-new LNG tracking suction receptacle dredgers presently being developed by Keppel FELS Limited in Singapore.

The Green Loan is structured according to the Green Loan Principles 2020 as prepared by the Loan Market Association, the reliable voice of the syndicated financing market.

The Green Loan Principles purpose to sustain ecologically lasting financial tasks. Van Oord’s Green Framework consists of the standards that the vessels should fulfill in order to get approved for this sort of financing. One of the benefits of this Green Loan Framework is that extra environment-friendly car loans can be contributed to the structure in the future.

Van Oord

Image Credits: vanoord.com

With the Green Loan Framework we are leveraging Van Oord’s sustainability approach to our economic companions. I am pleased that we have actually currently gotten the initial Green Loan for the 3 lasting vessels.

Danielle van Rieven, Director Treasury

The brand-new tracking suction receptacle dredgers become part of Van Oord’s cutting-edge financial investment program as well as fit in with Van Oord’s passion of making its fleet much more affordable as well as energy-efficient. The vessels will certainly get a Green Passport as well as Clean Ship Notation as well as by utilizing LNG, van Oord will certainly lower the exhausts of its fleet.

Reference: vanoord.com

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