Sole Lender and Green Structuring Bank for Evergreen’s first green loan
The bi-lateral facility will fund a growing fleet of methanol dual-fuel containerships for Italia Marittima S.P.A, a wholly owned Italian subsidiary of Evergreen Marine, the largest shipping liner in Taiwan.
Scheduled for delivery in 2027, the vessels will complement Evergreen’s growing fleet of next generation eco-friendly alternative-fuel enable containerships. Running on methanol as their main fuel source, they are aligned with the technical screen criteria of the EU Taxonomy activity – sea and costal water transport for passenger and freight. By reducing carbon emissions for the transportation of maritime goods, the new containerships will help Evergreen’s continued decarbonisation efforts to achieve the goal of net-zero by 2050.
Crédit Agricole CIB acted as Sole Lender, Green Structuring Bank and Agent in this transaction.
“This transaction represents a significant milestone as it marks the first green loan for our Shipping franchise in APAC. By successfully combining our knowledge in both sustainable financing and shipping, we were able to structure an optimal solution for Evergreen. This deal not only highlights our commitment to sustainability but also demonstrates our capability to deliver innovative and ESG-linked financing for the shipping industry.”
Harvey Ven
Head of Shipping Asia-Pacific
“We are proud to act as the Green Structuring Bank for Evergreen Marine’s inaugural green loan, dedicated to financing their fleet of next-generation methanol dual-fuel containerships. The green loan not only aligns with the stringent EU Taxonomy’s technical screening criteria but also sets a new benchmark in the shipping industry in Asia, paving a way for a sustainable future and supporting the crucial decarbonisation of hard-to-abate sectors.”
Carmen Tsang
Head of Sustainable Investment Banking for Greater China
“On the back of lasting and trustworthy client relationship with Evergreen Marine, we have differentiated ourselves by identifying the client’s energy transition need in Europe at early stage and bringing in the Bank’s expertise in ship financing and sustainable banking. By supporting the client’s new vessel building plan as well as decarbonisation strategies, our relationship with Evergreen Marine is elevated to the next level.”
Ben Lu
Head of Renewable & Traditional Industries – Coverage Taiwan
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