EMEA News
Union Maritime Gets $130 Million Bank Funding for Two LNG-Wind Assisted Tankers
London-based Union Maritime has secured financial backing from two banks for its upcoming two dual-fuel LNG and wind-assisted tankers.
The syndicated delivery financing is led by Societe Generale and the Export-Import Bank of China, the firm said in a LinkedIn post on Tuesday.
The two LR2 tankers are scheduled for delivery in late 2025 and early 2026. They will be equipped with dual-fuel LNG engines and wind propulsion systems from Bar Technologies.
Wind-assisted propulsion is gaining popularity among shipowners as a way to harness wind energy, improve fuel efficiency, and reduce bunker consumption.
"With the integration of WindWings technology and dual-fuel capability on these vessels, Union Maritime is proud to be setting a new standard for innovation and sustainability in the maritime industry," the firm said.
