Bulkers

U-Ming secures $70m loan from OCBC Bank for sustainable fleet renewal

Taiwanese bulk carrier giant will have to hit rising fleet emission targets to secure interest rate reductions on loan aimed at funding fleet renewal

Elaine Lam, head, global corporate banking, OCBC Bank and CK Ong, president, U-Ming Marine Transport at $70m sustainability fleet renewal loan signing.
Elaine Lam, head, global corporate banking, OCBC Bank and CK Ong, president, U-Ming Marine Transport at $70m sustainability fleet renewal loan signing.Photo: U-Ming / OCBC Bank
London
Published 9 February 2022, 13:05Updated 9 February 2022, 13:05
OCBC BankU-Ming Marine TransportTaiwanDecarbonisationPoseidon Principles