Finance: Banking

AP Moller-Maersk has clinched a new sustainability-linked revolving credit facility of $5bn through a syndicate of 26 banks.

Bestway Marine & Energy Technology announced that has received court order for restructuring, but warns of the risk of bankruptcy if the restructuring fails.

Top shipping banker Michael Parker says shipowners need to look at the “bigger picture” of the industry or face being marginalized.

Bpifrance, a French export credit agency, has signed up to the Poseidon Principles to become the 17th signatory with a collective aim to limit carbon emissions from ships.

A discussion on the perennial topic - the $200bn question of where is the capital for shipping needs – turned into a lively sparring match between top executives at last week’s Marine Money Ship Finance Forum in New York.

Leaders from the maritime, legal and banking sectors in Hong Kong see huge business potential in the Greater Bay Area and stress that governments need to listen to voices from the private sector.