Quantum Pacific Shipping Gets USD 40 Mn Loan for Scrubbers

MoneyIllustration. Image Courtesy: Pixabay under CC0 Creative Commons license

Singapore-based Quantum Pacific Shipping has secured a loan to finance the purchase and installation of exhaust gas cleaning systems on its vessels.

According to data provided by law firm Watson Farley & Williams Singapore, BNP Paribas and the shipping firm reached an agreement on a loan of up to USD 40 million.

The scrubbers would be installed on the fleet of vessels owned by Quantum Pacific Shipping and managed by Eastern Pacific Shipping.

The green loan facility was made available after a rigorous assessment of EPS’ and QPS’ environmental and social responsibility policies and practices by second-party opinion company, Vigeo Eiris.

“As a bank that connects corporates with sustainable finance, BNP Paribas is pleased to provide this green loan to Quantum Pacific Shipping – the first green loan issued to a shipping company in Asia Pacific,” Joris Dierckx, Head for Southeast Asia and CEO, Singapore at BNP Paribas, said.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jan 2020 >>
MTWTFSS
30 31 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 31 1 2

The 9th Annual Event Green Shiptech China Congress 2020

The 9th Annual Event- Green Shiptech China Congress 2020 will be held on next…

read more >

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

read more >

2nd GREENTECH IN SHIPPING GLOBAL FORUM

Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >