Mitsui OSK Lines said it has penned Japan’s first committed credit line tied to the company’s efforts to take action on reducing greenhouse gases to address climate change.
The Japanese company, a diversified shipowner, has finalised the commitment line agreement through a transition-linked loan with Tokyo-based Sumitimo Mitsui Banking Corp.
The loan is for ¥60bn ($450m) and will be used by MOL for business expenses over five years.
