Crédit Agricole CIB leads Asia’s first international green bond offering by a containership shipping company - Evergreen Marine

Crédit Agricole CIB acted as the Lead Green Structuring Advisor, Joint Global Coordinator and Joint Bookrunner to price the three-year US$300 million Senior Unsecured Green Bond offering by global shipping industry giant Evergreen Marine.

This transaction achieved several ‘firsts’ in the sector as Asia’s first international green bond issued by a containership shipping company, the first-ever unrated US-dollar green bond from Taiwan, and Evergreen Marine’s own inaugural international green bond offering. 

It is also the first ever international green bond from the Asian shipping industry to reference the stringent EU Taxonomy substantial contribution criteria, setting a pioneer benchmark in the global sustainable finance sector.

The use of proceeds of the green bond will be used to purchase large methanol dual-fuel container vessels designed for lower carbon emissions, enabling it to meet the future regulatory and customer demands. It also helps foster sustainable development in Taiwan, while set a precedent of its kind for a carbon-intensive sector that has been grappling with a necessary transition to more sustainable practices.

This bond was well-received by the global investor community with a 6.3x final oversubscription. This first-in-market offering attracted interest from a diversified and high-quality investor base including orders from global real money and dedicated ESG investors. This transaction marks our second public bond issuance as lead manager out of Taiwan. 

Founded in 1968, Evergreen Marine is now the worlds’ seventh largest shipping company with 1.96 Mteu capacity and 5.8% market share as of 31 December 2025. It serves over 150 routes across Europe, Asia, Near East, Latin America, and Transatlantic.