PSA Marine seals Singapore’s first maritime sector green loan
The €30m three-year sustainability-linked loan from DBS Bank is for business expansion into the offshore wind market in Europe. PSA Marine’s Ventus Marine unit owns and operates a fleet of 10 crew transfer vessels that service the European market
The loan features an interest rate adjustment linked to an environmental, social and governance target which requires these vessels to be substantially deployed to support offshore wind energy-related activities. Banks such as DBS are keen to support traditionally carbon-intensive industries such as transportation in their transition towards more sustainable practices
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