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Singapore Specialty Environment

PSA Marine seals Singapore’s first maritime sector green loan

The €30m three-year sustainability-linked loan from DBS Bank is for business expansion into the offshore wind market in Europe. PSA Marine’s Ventus Marine unit owns and operates a fleet of 10 crew transfer vessels that service the European market

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The loan features an interest rate adjustment linked to an environmental, social and governance target which requires these vessels to be substantially deployed to support offshore wind energy-related activities. Banks such as DBS are keen to support traditionally carbon-intensive industries such as transportation in their transition towards more sustainable practices

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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