TAIWAN's Wan Hai Lines has inked a 10-year US$95 millionm sustainability-linked financing deal with Standard Chartered Bank.
THE carrier said it's the country's first for a containerline to enter into such a deal, reports Singapore's Splash 247.
Wan Hai has committed to a 50 per cent reduction in carbon intensity of its fleet by 2030 compared to 2008. The Taipei-based operator has obtained dual certifications in greenhouse gas inventory since 2022, with a 5.2 per cent reduction in fleet CO2 emissions intensity compared to the previous year, and down around 34 per cent versus 2008.
The sustainability-linked shipping financing agreement with Standard Chartered is designed to link Wan Hai's fleet carbon indicators.
Wan Hai is using Sustainalytics, a global environmental, social and governance (ESG) data and research company as the second-party opinion provider with the assessment result of "Very Strong" for KPI and "Ambitious" for SPT, in recognition of Wan Hai's commitments to decarbonisation beyond that required by IMO.
Wan Hai ranks 11th on Alphaliner's top 100 carrier list with 448,980 TEU capacity spread between 125 ships and a 27-strong orderbook which will lift the TEU by nearly 193,000 or 43 per cent.
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