Tighter lending requirement have made traditional sources of ship finance increasingly difficult to access, and shipping needs significant investment to accelerate its transition to a zero-emissions industry and fund the growing fleet capacity required to transport the world’s goods.
The Green Shipping Fund is a €420 million private debt fund that provides shipowner loans for new and existing vessels or retrofits that comply with our ESG criteria and lower their emissions in order to meet the IMO’s 2030 and 2050 goals and the EU Green Deal.
With an average investment of €15-€50 million, the Fund provides senior secured debt financing to short- and deep-sea vessel owners and operators located in Europe.
The Green Shipping Fund supports the United Nations Sustainable Development Goals, and specifically focuses on Affordable and Clean Energy (SDG 7) and Climate Action (SDG 13). PROW’s ambition is to make zero emissions shipping a reality and become a viable long term alternative to the traditional banks in the maritime sector.
We understand the challenges you face in securing investment to lower your fleet emissions to meet the IMO’s 2030 and 2050 targets and the EU Green Deal. PROW’s Green Shipping Fund provides debt finance for the next generation of ships for the blue economy.
We support you on your journey to make zero emissions shipping a reality. Partners for the long-term, we provide a new approach to ship financing, working collaboratively to deliver green deals to meet the industry’s drive to reduce its impact on the planet.
We transparently monitor MRV data and report emissions reductions in CO2, NOx, SOx and PM with a digital twin comparison against Marine Gasoil conventional ships, externally validated and measured on a real-time basis, helping you demonstrate and report your emissions savings.
PROW is open to discuss and consider any proven technology that reduces emissions and improves the environmental performance of your ship.
PROW Capital is very pleased to announce yet another successfully closed transaction. We are delighted to have supported Purus Wind’s HST Marine with the financing of 7 new offshore wind hybrid electric crew transfer vessels (“CTVs”).
The first two CTVs were delivered by Strategic Marine, Singapore in April with 2 more to come in May. Additionally, 3 CTVs will be built and delivered by Damen Shipyards, the Netherlands end of 2023, beginning 2024. The latest fuel efficient design of the CTVs will contribute to Purus Wind’s leading role in the offshore wind market in Europe.
The Cap de Barbaria is an innovative hybrid electric ferry able to operate with zero emissions in port. The very efficient ship will replace older ships currently operating on this route between Ibiza and Formentera and will have a very significant positive impact on the air quality around these beautiful Mediterranean Islands.
Interview met PROW Capital's Gust Biesbroek en Maarten van der Klip met Antoon Oosting in de Short Sea special van het Blad SWZ | Maritime. Hierin onder meer bespiegelingen op de nieuwe Europese regels maar ook de directe financiele gevolgen van ETS.
August, 2022
This transaction under the Green Shipping Fund supports Green Coaster Shipping and A2B@C (as commercial manager) by expanding its vessels under management with 6 energy efficient electric hybrid vessels. The vessels will be owned through Green Coaster Shipping and operated in the combined pool of 12 low-carbon vessels on order. These sister vessels will reduce greenhouse gas emissions, including CO2, by almost 50% compared with existing ships, which is said to make the vessels the most efficient in the world in their size class
After succesfully launching the Green Shipping Fund, PROW Capital - as its fund manager - concluded its first deal. The transaction assists Eureka Shipping and SMT Shipping (as corporate manager) with their decarbonisation strategy by providing funding for fleet renewal as well as green retrofits. This includes funding for their latest investment in wind propulsion for one of its vessels.
