EUKOR secures USD 450 Million in sustainability-linked financing for new Shaper Class vessels
On September 25, 2024, EUKOR celebrated a significant milestone in our commitment to sustainability with an exclusive event. Themed around "Forging Partnerships for a Greener Tomorrow," the occasion marked the signing of two post-delivery debt facilities totaling USD 450 million, which will finance our new “Shaper Class” vessels. This achievement highlights EUKOR’s dedication to reducing carbon emissions and pushing the boundaries of innovation in the shipping industry.
A milestone event for sustainable shipping
The event brought together representatives from the leading banks that played a pivotal role in securing this financing. Attendees witnessed the formal signing of two major agreements, which will support the construction of six newbuild vessels designed to meet EUKOR’s ambitious sustainability targets.
Lee Yiminwoo, Senior Financial Risk & Funding Manager, who led the financing initiative, shared his thoughts: “This financing not only facilitates the construction of these new vessels but also reinforces our role in steering the shipping industry toward a more sustainable future. I am proud to be part of a project that is so deeply aligned with our long-term vision and environmental goals.”
Event highlights: A night to remember
The evening began with an inspiring welcome from Xavier Leroi, COO Shipping Services and CEO of EUKOR, setting the stage for the celebration. Håkon Kiil - VP Business Performance Shipping - followed with a compelling introduction to the groundbreaking Shaper Class projects, offering a glimpse into the future of sustainable shipping. Excitement peaked during the official signing ceremony, a moment that underscored the powerful collaboration between EUKOR and its financial partners, symbolizing a shared commitment to driving the industry forward.
Anette Orsten, VP Global Treasury, captivated the audience with an insightful presentation on sustainability-linked and green financing. Her talk highlighted how these financing initiatives seamlessly align with EUKOR’s broader environmental strategy, emphasizing the company's leadership in green innovation.
As the evening progressed, guests enjoyed a dinner and lively networking session, where industry leaders exchanged ideas, shared visions, and explored the evolving role of sustainability in the future of shipping. The event was more than just a signing—it was an opportunity to spark meaningful conversations and strengthen the partnerships that will shape the future of the maritime industry.
Why this financing matters
This financing deal is vital as it represents a step forward in the maritime industry’s shift towards greener, more responsible operations. By aligning the financing of the "Shaper Class" vessels with sustainability goals, EUKOR is not only reducing emissions but also setting a standard for innovation and leadership in shipping.
Thank you to everyone who contributed to making this event a success, and to our financial partners for their continued support. Together, we are shaping the future of sustainable shipping.
