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Asia Pacific Dry Bulk Finance

U-Ming seals $70m green loan to fund newbuilds

Sustainability-linked loan will be used to fund the Taipei-listed bulker owner’s fleet renewal, which includes the construction of two 210,000 dwt dry bulkers in China

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Dry bulk operator U-Ming will be handed an interest rate cut if it meets a set of pre-agreed carbon reduction targets. In line with the Poseidon Principles, the deal links lending to carbon reduction targets

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    This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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