Global law firm Norton Rose Fulbright has advised BNP Paribas, a syndicate of lenders, SACE and SIMEST on the financing of four new cruise vessels for Viking Ocean Cruises.
The financing consists of four export credit loan facilities, which are together worth around $2 billion. The facilities are backed by Italian export credit agency SACE and contain a fixed rate subsidy offered by SIMEST.
The ocean-going passenger cruise vessels are being constructed at Fincantieri S.p.A. and are...
7 February 2025
Watson Farley & Williams (“WFW”) and Hogan Lovells jointly advised on three separate green ship financing transactions with an aggregate value of US$1.5bn+. All three transactions, one of which was secured by Chinese ECA Sinosure, were carried out in accordance with the Green Loan Principles of the Loan Market Association. WFW advised arrangers, financing banks and green loan arranger, with Hogan Lovells acting for Hapag-Lloyd.
In October 2024, Hapag-Lloyd signed two orders for a...
Pacific Basin Shipping Limited, a Hong Kong-listed player in dry bulk shipping, has concluded […]
The post Pacific Basin closes sustainability-linked loan appeared first on Offshore Energy.
https://www.offshore-energy.biz/pacific-basin-closes-sustainability-linked-loan/
Watson Farley & Williams (“WFW”) has advised BNP Paribas as documentation bank and DNB Bank ASA, New York Branch as agent on a US$1bn term and revolving credit facility to Scorpio Tankers Inc., reports WFW.
The over-subscribed credit facility provided by a group of banks will be used to finance 45 product tankers. Consisting of a 50% term loan and a 50% revolving loan, the credit facility has a final maturity of 30 June 2028.
Scorpio Tankers is a leading...
https://mfame.guru/wfw-advises-lenders-on-us1bn-financing-for-45-vessels/
Three NGOs are starting what they say is “the world’s first climate lawsuit against a bank” against the French BNP Paribas (of which the Belgian State is a major shareholder) because the bank continues to provide financial support to new gas and oil projects, reports Oxfam.
World’s first climate lawsuitThe lawsuit is the unsurprising next step after the NGOs already officially held BNP Paribas in contempt – the first step for possible legal proceedings –...
https://mfame.guru/commercial-bank-hit-with-worlds-first-climate-lawsuit/
Italian shipbuilder Fincantieri and BNP Paribas Italy have finalized an agreement to turn the guarantee line for a maximum amount of €700 million (about $797M) granted by the bank into a…
Capital markets union and sustainable infrastructure vital for green recovery
Wednesday 16 June 2021 – Vol.12 Ed.24.3
Commentary: Help us help Europe’s recovery, bank leaders tell policy-makers
By Clive Horwood in London
Two of Europe’s most influential bankers sent a stark message to politicians and regulators during an OMFIF event on 15 June. Jean Lemierre, chairman of BNP Paribas, and Christian Sewing, chief executive officer of Deutsche Bank, said their banks and the industry as a whole were...
El mayor prestamista del mundo para el comercio global, BNP Paribas, y el principal gestor de patrimonio, Credit Suisse, se han sumado a los Principios de Poseidón, el primer acuerdo de lucha contra el cambio climático impulsado desde las instituciones financieras que prestan apoyo al transporte marítimo mundial.
La iniciativa define un marco común para evaluar si las carteras de préstamos de los bancos están en línea con los objetivos climáticos establecidos por la Organización Marítima...
http://elvigia.com/los-dos-mayores-bancos-del-comercio-global-se-suman-a-los-principios-de-poseidon/
Two more banks have become signatories to the Poseidon Principles.
https://worldmaritimenews.com/archives/289851/bnp-paribas-credit-suisse-join-poseidon-principles/
Watson Farley & Williams (“WFW”) advised BNP Paribas (“BNPP”) as co-ordinating bank and agent, together with a syndicate of four other banks as lenders, in connection with a US$439m SINOSURE-backed financing of 86 exhaust gas cleaning systems (“scrubbers”) for the MSC Mediterranean Shipping Company SA (“MSC”) group.
The loan will be used to finance the manufacturing and installation of the scrubbers on board 86 container ships owned by the MSC group in light of the implementation of the...