Standard Chartered has sealed Oman's first sustainable refinancing in a deal involving two bulkers.
The financier is providing $35m to cover Oman Shipping's Chinese-built ultramaxes, the 63,500-dwt Jabal Shams and 63,000-dwt Jabal Al-Misht (both built 2019).
The deal is also the London and Hong Kong-listed lender's first sustainable shipping transaction in the Middle East.
The eight-year facility is linked to key targets in line with United Nations' sustainable development goals.
