AsiaEnvironmentFinance and Insurance

MOL to issue shipping’s first blue bonds

Photo of Sam Chambers Sam ChambersDecember 15, 2023
1 918 Less than a minute
MOL

Japan’s Mitsui OSK Lines (MOL) will become the first shipowner in the world to issue blue bonds next month.

All the proceeds from the public offering in Japan’s domestic market will go on investments to contribute towards a sustainable blue economy. MOL has a raft of green tech it is working on including its hard sails (pictured).

MOL is planning to raise Yen10bn ($70.4m) in five-year bonds.

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Photo of Sam Chambers Sam ChambersDecember 15, 2023
1 918 Less than a minute
Photo of Sam Chambers

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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