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.”