NYK becomes world’s first shipping line to offer green bonds

NYK becomes world’s first shipping line to offer green bonds

Next month Japan’s Nippon Yusen Kaisha (NYK) will become the first shipping line in the world to offer green bonds to raise capital.

A green bond is one in which the proceeds are used solely for the purpose of funding environment-friendly projects.

The Y10bn ($93.5m) of bonds NYK will issue have a five-year maturity. Money raised will go on projects including LNG-fuelled ships, LNG bunkering vessels, ballast water treatment equipment and scrubbers.

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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