ProMarine AG: Launch of industry-first methanol powered sustainable shipping fund
WOLLERAU, Switzerland and GOTHENBURG, Sweden, Oct. 24, 2023 /PRNewswire/ -- Wollerau, Switzerland and Gothenburg, Sweden – ProMarine AG, the Investment Advisor leading the financing of the maritime energy transition, is pleased to announce the launch of an industry-first sustainable shipping fund with an initial portfolio of four methanol-fuelled MR tankers led by Proman, one of the world's largest methanol producers, and Stena Bulk AB, an internationally recognised and leading European shipping company.
- The Fund is backed by equity investors and benefits from a green loan from ABN AMRO.
- We all recognise that the transition to sustainable shipping requires significant capital investment.
- LEMSCO demonstrates the market's readiness to offer practical financial incentives through reduced cost funding for ships fuelled by low-emission methanol, and can be the catalyst for further investments into sustainable shipping."
- LEMSCO represents a step towards meaningful change, enabling investors to support a greener, more sustainable shipping industry.