Landmark transaction in the global shipping sector – first certified sustainable shipping loan
Anthony Veder Group (Issuer), ABN AMRO (Sole Arranger) and Delta Lloyd Asset Management (Sole Investor) are pleased to announce that the Anthony Veder €66 million Euro Private Placement concluded in the fourth quarter of 2015 has been confirmed as the first sustainable shipping loan. The loan is fully certified according to the Clean Shipping Index Guidelines by Bureau Veritas, which also verified the sustainable credentials of this transaction. This is a landmark transaction in the global shipping industry which to date, has not joined the ranks of verified sustainable financing.
The transaction was solely arranged by ABN AMRO on behalf of Anthony Veder Group as a European Private Placement to finance the building of the 18,000 cubic metre Ice Class 1A Super LNG carrier Coral EnergICE, which uses the boil off of its cargo to fuel the propulsion of the vessel. Liquefied Natural Gas (LNG) fuelled vessels eliminate the usage of heavy fuel oil (HFO) which contributes not only to a reduction of carbon emissions, but also to a significant reduction of nitrogen oxide emissions (NOx) and gives a near 100% reduction of sulfur emissions (SOx) and particulate matter emissions. ….