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Maersk issues EUR500m green bond to fund methanol-powered newbuildsMaersk issues EUR500m green bond to fund methanol-powered newbuilds

AP Moller - Maersk successfully placed a EUR500m green bond issue to fund its green methanol powered newbuildings.

Marcus Hand, Editor

November 19, 2021

1 Min Read
Maersk flag flying at its headquarters in Copenhagen
Photo: Marcus Hand

The 10-year, EUR500m green bond with a coupon of 0.75% received orders worth some EUR3.7b. The green bond is the first fundraising under Maersk’s newly launched Green Finance Framework under which it plans to issue a variety of sustainable financing instruments such as bonds, loans, and project finance.

The first green bond issues is to fund the building of its Maersk’s first methanol powered feeder vessel and the ground-breaking series of eight 16,000 teu methanol fuelled containerships.

“Issuing Green Financing Instruments is a further step to integrating sustainability into our financing operations as it is an effective tool for channelling investments to projects with positive environmental impact and thereby contributing to the achievement of the UN Sustainable Development Goals (SDGs) and the Paris Agreement,” said Patrick Jany, CFO of Maersk.

“With this green bond, we aim at diversifying our investor base by reaching out to new investors and increasing the transparency of our ESG ambitions and performance even further towards our stakeholders.”

 

 

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About the Author

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

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