Ørsted Issues Green Bonds in Taiwan
Ørsted, the largest energy company in Denmark, has secured nominal TWD 12 billion (USD 395m) through the issuance of green senior bonds, to finance its investments in offshore wind in Taiwan. This transaction marks the first ever green TWD bond to be issued by a foreign corporate in Taiwan. The bonds will be issued in accordance with Ørsted’s Green Finance Framework.Ørsted CFO Marianne Wiinholt, said: “We are very pleased with the completion of this historic transaction which is an important step in the financing of the Changhua 1 & 2a project. We are proud to help develop the local financial market with respect to green financing and this underlines our commitment to Ørsted’s activities in Taiwan”.Matthias Bausenwein…
Foremost Takes Delivery of Ting May
New York City-based privately-held, family-run shipping company announced that it has taken delivery of a new 85,004 metric tons deadweight post-Panamax bulk carrier, the M/V Ting May. American dry bulk shipping company informed that the ship builds upon Foremost Group's tradition of operating a fleet of modern, environmentally-friendly ships built to the company's stringent specifications.This newest Eco-friendly post-Panamax ship will be immediately put in service for Bunge Limited, the ship’s charterer, which will deploy the ship to transport its dry-bulk cargoes to ports around the world according to its requirements.Consistent with industry practice in which the overwhelming majority of dry bulk ships are built in Asia…
Wisdom Marine Takes Loan for Japanese Orders
Wisdom Marine Group signed a two-tranche syndicated loan agreement for $5.92 million (USD) and ￥11.88 billion ($119.43 million, USD) with six domestic banks to finance its orders with three Japanese shipbuilders, Taipei Times reported. The syndicated loan was co-led by First Commercial Bank and Bank of Taiwan, with participating loans from Taiwan Cooperative Bank, Hua Nan Commercial Bank, Bank SinoPac and Bank of Kaohsiung. Wisdom Marine and its subsidiaries placed orders with three Japanese shipbuilders Oshima Shipbuilding Co Ltd, Sasebo Heavy Industries Co Ltd and Tsuneishi Shipbuilding Co Ltd to build six bulk vessels. Delivery is anticipated sometime between this year and 2015.
