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Green money looking for green shipping projects

Banks doors wide open for green shipping projects Pressure on financiers to support more environmentally friendly projects has created an opportunity to finance green shipping projects, according to a panel of experts. Speaking at Seatrade ShipTech Virtual – Is Ship Finance transforming Faster than Shipping? The panel said that money was available at prefrential rates for the right projects. Dr. Jan-Henrik Hübner, Global Head of Shipping Advisory, Maritime, DNV said the classification society was working with banks active in shipping and other industries that have hundreds of billions of dollars dedicated to green and ESG-related projects, although shipping would need to compete with other sectors.

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