DNV supports Klaveness Combination Carriers on sustainability-linked financing framework and USD 190 million debt refinancing package

DNV’s Sustainable Finance and Maritime Advisory teams have supported the deep-sea shipping combination carrier operator with its sustainability-linked finance framework and subsequent facility refinancing.

Klaveness Combination Carriers (KCC), a leading global owner and operator of combination carriers in deep-sea shipping, has released a sustainability-linked financing framework linked to its carbon intensity reduction ambitions, as well as completing a USD 190 million sustainability-linked facility refinancing, the first financing facility under the framework. After the current refinancing, KCC’s entire mortgage debt portfolio is sustainability-linked, further cementing KCC’s strong position in the decarbonization of deep-sea shipping. 

KCC’s ambition is to reduce its Energy Efficiency Operational Indicator (EEOI) from 7.6 in 2018 to 4.1 by the end of 2030, which implies an approximate 46% reduction by year-end 2030 compared to 2018. 

As part of the placement, DNV’s Sustainable Finance team in the Nordics, with support from DNV’s Maritime Advisory team, provided an independent Second Party Opinion (SPO) of the framework.  

Ingebjørg Nueva Finnebråten, Sustainability Finance Lead at DNV Supply Chain & Product Assurance in Norway, said, “We would like to congratulate Klaveness Combination Carriers for this sustainability-linked refinancing package which, with its demonstrated commitment to sustainable financing, will enable it to further decarbonize its deep-sea operations. We look forward to seeing what more they achieve on this journey in what DNV is seeing as an exciting time for the wider shipping industry with a growing focus on ESG and climate-positive actions.”

DNV supports the sustainable financing activities of its customers by providing Second Party Opinions, giving an independent assessment of a bond, loan, or framework’s alignment to accepted market principles that in turn, drives investing practices/portfolio decision making.

Learn more about DNV’s sustainable finance services here. 

Read Klaveness Combination Carriers’ press release here.