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U-Ming nets sustainability loan for LNG-powered bulkers

U-Ming nets sustainability loan for LNG-powered bulkers
April 13, 2021,
by
Jasmina Ovcina
U-Ming Marine Transport Corporation, Taiwan’s largest publicly listed bulk carrier company, has secured its first sustainability-linked loan worth $45 million.
The loan was obtained from E.SUN Commercial Bank and it was preceded by a rigorous due-diligence process that evaluated the company’s financial strength and ESG achievements.
The loan incorporates an incentive scheme linked to pre-determined ESG targets, where U-Ming will enjoy a discount on interest rates and save borrowing costs once these targets are achieved.
U-Ming said that the accomplishment of the targets would be verified by an independent third party. ....

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U-Ming secures its First Sustainability-Linked Loan | Hellenic Shipping News Worldwide

U-Ming secures its First Sustainability-Linked Loan
U-Ming Marine Transport Corporation (“U-Ming”) (TSEC code: 2606), Taiwan’s largest publicly listed bulk carrier company, has secured its first Sustainability-Linked Loan (“SLL”) of USD45 million with E.SUN Commercial Bank, a testimony on its long-standing commitment and accountability on sustainability.
To secure the SSL, U-Ming underwent a rigorous due-diligence process that evaluated the company’s financial strength as well as ESG achievements. The SSL also incorporates an incentive scheme linked to pre-determined Environmental, Social and Governance (“ESG”) targets, where U-Ming will enjoy a discount on interest rates and save borrowing cost once these targets are achieved. The accomplishment of these targets will be verified by an independent third party. ....

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Global Automotive Fuel Cell Market Size & Share 2020 Updated Research Report and Forecast to 2030

Global Automotive Fuel Cell Market Size & Share 2020 Updated Research Report and Forecast to 2030 ....

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2021 Toyota Mirai Test Drive Review: Is Hydrogen Right For you?

2021 Toyota Mirai Test Drive Review: Is Hydrogen Right For you?
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Is hydrogen the future of motoring?
Toyota is one of the earliest pioneers of electrified vehicles with the introduction of the Prius hybrid electric vehicle (HEVs) in 1997 and has sold over 15 million vehicles since. Toyota’s popularization of electric propulsion 23 years ago jumpstarted the advances in today’s electric vehicles worldwide.
HEVs have remained at the core of the company s current efforts, but over the years, Toyota has also been developing a multi-powertrain strategy that includes different electrified technologies including hybrids and plug-ins (PHEV), fuel cell (FCEV) and an upcoming range of battery electric (BEV) vehicles. ....

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