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South Korea mulls plan to end state funding of overseas coal


SEOUL (Bloomberg): South Korea, which has invested billions of dollars in overseas coal plants, is debating whether to halt financing further projects amid pressure to accelerate climate efforts ahead of President Joe Biden’s summit next week.
The discussions follow mounting pressure from the US which wants the Asian nation to stop backing coal-fired power plant developments abroad as well as bolster emissions reduction targets at home, according to government officials who requested anonymity to discuss private talks.
Biden’s climate envoy John Kerry is scheduled to arrive in Seoul this week for talks ahead of a virtual White House climate summit on April 22. ....

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Germany's Hapag-Lloyd Secures Green Funds for LNG Containerships


Germany s Hapag-Lloyd Secures Green Funds for LNG Containerships
Feb 9, 2021 7:05:am
Summary
by: Joe Murphy
Posted in:
Germany s Hapag-Lloyd Secures Green Funds for LNG Containerships
German shipping line Hapag-Lloyd has secured $890mn in green financing for the construction of six LNG-fuelled containerships, it reported on February 8.
Hapag-Lloyd placed a $1bn order for the six dual-fuel vessels at South Korea s Daewoo Shipbuilding & Marine Engineering yard in December. It has now secured a $417mn syndicated loan from 11 banks with a 12-year maturity to cover the cost of three of the ships. The facility is backed by Korea Trade Insurance Corp, while KfW IPEX-Bank and BNP Paribas oversaw its structuring. ....

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