EnvironmentEuropeFinance and InsuranceOperations

Celsius taps ABN AMRO for landmark ballast water financing

ABN AMRO Transportation has concluded the world’s first financing for the installation of a ballast water treatment system on several vessels for its Danish client, Celsius Shipping.

From September 8 this year, the IMO Ballast Water Treatment (BWT) Convention will enter into force whereby vessels will be required to install a BWT system.

Bart van Veen, associate director transportation for north Europe at ABN AMRO commented on the deal with Celsius, saying: “This can be seen as a landmark step where ABN AMRO continues to support its clients in improving their sustainability. The combination of new legislation and a creative financing solution is a fine example of sustainable shipping.”

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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