News & Publications

Company & Organisation News - 28/11/2018

Vigeo Eiris provides second-party opinion on the First Green Loan signed by Quantum Pacific Shipping with BNP Paribas

This first US$ 40m Green Loan will be used to finance the cost of purchasing and installing marine exhaust gas cleaning systems (“Scrubbers”) for 16 vessels under the QPS fleet

QPS owns a diversified fleet comprised of over 120 container vessels, bulk and ore carriers, crude, chemicals and gas tankers, and pure car truck carriers. The fleet is managed by EPS. The net proceeds of the Green Loan will be used to finance the cost of purchasing and installing marine exhaust gas cleaning systems (“Scrubbers”) for 16 vessels under the QPS fleet. Thus loan aims to contribute to air and water pollution prevention.

This loan has been subject to Vigeo Eiris’ second party opinion. Vigeo Eiris has provided its conclusions on the sustainability credentials and management of the loan, including a dedicated analysis of the loan characteristics, in addition to the borrower’s sustainability profile and the loan’s contribution to sustainability and alignment with the Green Loan Principles.

Further information is available on QPS services website

Keywords : Green bonds