Odfjell to issue sustainability-linked bonds

Norwegian owner Odfjell has announced a plan to issue sustainability-linked NOK denominated four-year senior unsecured bonds.

According to the company, the potential bond issue will be linked to Odfjell’s fleet transition plan and ambition to reduce the carbon intensity of its controlled fleet by 50% by 2030 compared to 2008 levels.

The issue is supported by Odfjell’s sustainability-linked finance framework which has received a second party opinion from DNV GL.

The company announced its ambition of pursuing a zero-emission strategy in November and it will only order vessels with zero-emission technology from 2030.

Odfjell currently operates a fleet of 81 tankers including chartered and owned vessels.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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