Anthony Veder’s private placement verified in industry first

Anthony Veder Group’s €66 million private placement has been confirmed as the first sustainable shipping loan, fully certified by Bureau Veritas according to the Clean Shipping Index guidelines. 

The transaction was arranged by ABN Amro on behalf of Dutch shipping company Anthony Veder as a European private placement to finance the building the 18,000 cubic metre Ice Class 1A Super LNG carrier Coral EnergICE, which uses the boil off of its cargo to fuel the propulsion of the vessel, stands in the statement issued on Friday.

The financing has been structured as a 20-year European private placement and placed with Delta Lloyd Asset Management.

The 18,000 cbm vessel will be built at German shipyard Neptun Werft and delivered during the last quarter of 2017. It will serve under a long-term charter deal with Gasum’s unit Skangas.

The specific purpose of the vessel is to bring LNG to two terminals which are currently being constructed, at Tahkoluotoin Pori (to be completed in 2016) and Röyttä in Tornio, Finland (to be completed in 2018).

According to the statement, this is a landmark transaction in the global shipping industry.

LNG World News Staff