Finance: Banking

Oman Shipping Company (OSC), a member of ASYAD Group, has agreed a sustainable financing deal described as the first of its kind both in Oman and for Standard Chartered Bank in the Middle East.

Dutch-based international maritime contractor Van Oord has signed its first Green Loans with Rabobank and BNP.

Ailing Indian shipowner Mercator Limited is being stalled in its effort to sell off two medium-range tankers in an effort to pare its debt and remain solvent.

Piraeus Bank, the leading and longstanding domestic lender to Greek shipping, has teamed up with Japanese finance house, Orix Group to provide loans to Greek shipowners.

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.

The Poseidon Principles has added two more global shipping banks, BNP Paribas and Credit Suisse, to support the UN climate targets, but it has thus far not yet attracted any Asian financial institutions.

CDB Leasing (International) Company, wholly-owned subsidiary of China Development Bank Leasing, has entered into a vessel purchase agreement with CMB International Leasing Management Limited to acquire an LNG vessel for $154.5m.