Van Oord signs green loan for LNG-powered dredgers

Dutch marine contractor Van Oord has signed its first green loan that will be used to fund its new LNG-powered dredgers.

The company said in a statement it signed the loan with Dutch Rabobank and France’s BNP Paribas last month.

Van Oord structured the loan according to green loan principles developed by the London-based Loan Market Association.

The main goal of the principles is to support environmentally sustainable economic activities.

Van Oord’s Green loan framework contains the criteria that the vessels must meet in order to qualify for this type of loan, the company said.

Also, this framework includes the possibility of adding more green loans in the future, it said.

Singapore’s Keppel FELS is currently building three new trailing suction hopper dredgers for the Dutch company.

These vessels will feature dual-fuel engines meaning they will be able to run on both liquefied natural gas and marine gas oil.

Van Oord expects to take delivery of the first two vessels, Vox Ariane and Vox Apolonia, in 2021 followed by the third dredger in 2022.

- Advertisements -

Most Popular

DSME cancels third LNG carrier order linked to Sovcomflot

South Korean shipbuilding giant Daewoo Shipbuilding and Marine Engineering has terminated an order for another LNG carrier after a...

Woodside delivers Australian LNG cargo to Germany’s Uniper via Dutch Gate terminal

LNG player Woodside said it had delivered an LNG cargo from its North West Shelf project in Australia to...

Greece’s Motor Oil nears FID on Dioriga Gas FSRU

Greece’s Motor Oil is planning to decide on its Dioriga Gas FSRU project near Corinth by the end of...

More News Like This

DEME, Van Oord secure Darwin LNG job in Australia

A joint venture consisting of Belgium's dredging firm DEME and Dutch marine contractor Van Oord has won a contract...

Van Oord christens LNG-fueled dredger Vox Ariane in Rotterdam

Dutch marine contractor Van Oord said it has christened the first out of three LNG-powered trailing suction hopper dredgers...

Keppel hands over first LNG-powered dredger to Van Oord

Singapore’s Keppel Offshore & Marine said it has delivered the first out of three LNG-powered trailing suction hopper dredgers...

Keppel launches third LNG-powered dredger for Van Oord

A unit of Singapore’s Keppel Offshore & Marine has launched the third LNG-powered trailing suction hopper dredger for Dutch...