ClassNK calculates ship emissions for sustainability-linked loan

Posted on February 20, 2022 at 5:44 p.m. by

The Maritime Executive

[By: ClassNK]

The main classification society ClassNK will calculate the CO2 emissions of the vessels to be financed under the sustainability-related loan provided by ORIX Corporation (ORIX).

The ship finance agreement signed between ORIX and a shipowner in Hong Kong is a sustainability-linked loan. A standard value is fixed for the annual CO2 emissions of the vessels to be financed, and if the annual CO2 emissions of the vessels after the granting of the loan are lower than the standard value, a preferential interest rate is granted for the year next.

ClassNK will calculate CO2 emissions from ships to ensure the objectivity and fairness of the lending framework. Through its involvement as a third party in sustainable finance, which is progressing in maritime transport, the company supports its clients’ initiatives for the decarbonization of maritime transport

The products and services described in this press release are not endorsed by The Maritime Executive.

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