By Mirza Duran Dutch marine contractor Van Oord has signed its first green loan that will be used to fund its new liquefied natural gas-powered dredgers.
Image courtesy of Van Oord
The company said in a statement it signed the loan with Dutch Rabobank and France’s BNP Paribas last month.
Van Oord structured the loan according to green loan principles developed by the London-based Loan Market Association.
The main goal of the principles is to support environmentally sustainable economic activities.
Van Oord’s Green loan framework contains the criteria that the vessels must meet in order to qualify for this type of loan, the company said.
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