Asia/Pacific News
NYK to Issue Transition Bonds to Support LNG-Fuelled Vessel Investments
Japanese shipping group NYK plans to issue its seventh transition bonds to support decarbonisation projects, including investments in LNG-fuelled vessels.
The issuance, scheduled for October 16, comprises three-year bonds worth ¥62 billion, five-year bonds worth ¥87 billion and 10-year bonds worth ¥78 billion, NYK said in a press release on Friday.
NYK said the proceeds would fund projects aligned with its medium-term management plan, Sail Green, Drive Transformations 2026 -A Passion for Planetary Wellbeing.
The company issued the shipping industry’s first green bonds in 2018 and Japan’s first transition bonds in 2021.
It obtained a second-party opinion from the classification society DNV on its transition financing framework ahead of the latest issuance.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 908.00 | 12.00 | 1291.50 | 37.00 |
| Rotterdam | 728.00 | 36.00 | 1416.50 | 83.50 |
| Houston | 760.00 | 5.50 | 1415.00 | 16.50 |
| Fujairah | 988.00 | 3.50 | 1716.00 | 30.00 |
| APAC Average | 999.00 | 4.50 | 1484.00 | 0.50 |
| Global 20 Ports Average | 894.00 | 9.50 | 1542.00 | 34.00 |
| Global 4 Ports Average | 846.00 | 14.50 | 1460.00 | 42.00 |
| Global Average Bunker Price | 946.00 | 9.00 | 1592.50 | 19.00 |
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