News / NYK secures multi-billion yen 'green loan' to buy scrubbers for its ships

Japanese transport group NYK has secured a ¥9bn ($81m) syndicated ‘green’ loan, supported by eight domestic financial institutions for the installation of scrubber systems on its vessels.

And Hyundai Merchant Marine said it had signed a MoU to establish a ‘win-win fund’ for scrubber installation, with five South Korean companies investing KRW107bn ($95m) to add to the carrier’s own KRW46bn ($41m) outlay.

NYK’s five-year loan passed all of criteria of Green Loan Evaluation by the Japan Credit Rating Agency, which concluded that ...