ABN AMRO to Finance BWT Systems for Celsius Shipping

Image Courtesy: IMO

Dutch ABN AMRO Transportation has concluded the world’s first financing for the installation of a ballast water treatment system (BWTS) on several vessels for the Denmark-based shipping firm Celsius Shipping.

“This can be seen as a landmark step where ABN AMRO continues to support its clients in improving their sustainability. The combination of new legislation and a creative financing solution is a fine example of sustainable shipping,” Bart van Veen, Associate Director Transportation for North-Europe at ABN AMRO, said.

Celsius Shipping is currently operating a number of stainless steel chemical tankers and two liquefied petroleum gas (LPG) carriers. The shipping firm also has a series of LPG/E carriers under order and further projects in the pipeline.

The financing was agreed only months prior to the ballast water treatment (BWT) convention’s entry into force, scheduled for September 8, 2017.

Introduced by the International Maritime Organization (IMO), the convention will stop the spread of invasive aquatic species, which can be a threat to local ecosystems and affect biodiversity. Under the convention, vessels will be required to install a BWT system. This will have implications for both shipping clients and ABN AMRO as the core financier, the company informed.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Apr 2019 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 1 2 3 4 5

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

CWC World Gas & Power Series – Brazil & the Americas Summit

CWC World Gas & Power Series: Brazil & the Americas Summit is the perfect meeting place to make contacts…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

Nor-Shipping 2019

Nor-Shipping’s conference and event programme is tailored to deliver the knowledge, value and networking to help you build your business.

read more >