06/30/2021 | Press release | Distributed by Public on 06/29/2021 20:13
IFCâs Sustainability-Linked Financing to Boost Resilience of the Shipping Sector, Sustain Regional Trade Flow Amid COVID-19
â
Bangkok, Thailand, June 30, 2021-To support continued transportation of cement along the west coast of India and Sri Lanka, and other critical dry commodities globally, IFC has provided a sustainability-linked financing package of $85 million to Precious Shipping Public Company Limited (PSL), a Thai shipping company.
IFC s investment will help finance four specialized cement carriers and one bulk carrier owned and operated by wholly owned subsidiaries of PSL-a member of the GP Group, a 153-year-old diversified Thai conglomerate with business interests in shipping, pharmaceuticals, aviation, technology and others.