Freight News, Sea

Maersk signs carbon-cutting finance deal

[ February 28, 2020   //   ]

AP Moller – Maersk has secured a new five-year $5bn credit facility through a syndicate of 26 selected banks, linked to its CO2 performance. The credit margin will be adjusted based on Maersk’s progress in meeting its target of reducing CO2 emissions per cargo moved by 60% by 2030. It is the first bank refinancing arranged by Maersk after its decision to concentrate on becoming a global container logistics company.