, Hong Kong
Photo from the Standard Chartered website.

Standard Chartered arranged $89.6m green loan for Vista Shipping

The funds will be used to buy two LNG-dual fuelled vessels.

Standard Chartered (SC) has been appointed to lead the $89.6m sustainability-linked loan for Vista Shipping.

Vista Shipping, a joint venture between Hafnia and CSSC Shipping Hong Kong, will use the funds to buy its first liquefied natural gas (LNG)-dual fuelled vessels.

ALSO READ: Banks lagging behind net zero energy goals

SC acted as the Facility Coordinator, Sole Sustainability Coordinator, Mandated Lead Arranger and Facility and Security Agent for the transaction. 

SC also assisted Vista Shipping in securing a second party opinion on this loan from globally leading quality assurance and risk management company DNV.

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