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
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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