World News
MPCC Gets Sustainable Finance Deal for Methanol Newbuilds
Norway’s MPC Container Ships ASA (MPCC) says it has secured a Sustainable Finance deal for its two dual-fuel methanol newbuildings set for delivery later this year.
As Ship & Bunker previously reported the two 1,300 TEU vessels were ordered in 2022 from Tazhou Sanfu Ship Engineering in China at a cost of $39 million each.
MPCC’s financing agreement with Deutsche Bank and SINOSURE is for $55 million.
While availability of green methanol bunkers is currently limited, qualification for Sustainable Finance was met as the dual-fuel engines will allow operation on green methanol.
“Thus, this financing has been internally classified by the lender as Sustainable Finance as the proceeds will be used for an activity that meets the eligibility criteria of Deutsche Bank’s own Sustainable Finance Framework,” MPCC explained.
The loan matures in 2036.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 625.00 | 9.00 | 732.00 | 15.00 |
| Rotterdam | 577.50 | 3.50 | 739.50 | 1.00 |
| Houston | 595.00 | 0.50 | 767.00 | 4.50 |
| Fujairah | 628.50 | 4.00 | 878.50 | 11.00 |
| Global 20 Ports Average | 645.50 | 0.50 | 827.00 | 5.00 |
| Global 4 Ports Average | 606.50 | 0.50 | 779.50 | 0.50 |
| Global Average Bunker Price | 703.50 | 4.00 | 886.00 | 6.00 |
Popular Now More
-
May 03The new hire had previously worked for Toyota Tsusho Petroleum Pte Ltd since 2015. -
May 02Tracy Palm, group HR director at Monjasa, sets out the case for the bunker industry increasing its traineeship programmes. -
May 01Hapag-Lloyd's head of green fuels cites lack of production capacity and feedstocks as key barriers to wider uptake of biofuels in shipping.