Green Shipping Fund

Accelerating the decarbonisation of shipping

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.


Our criteria for new or retrofitted ships

  • Fuelled by low emission fuels including LNG, LPG, Methanol and Hydrogen
  • Full Electric ships
  • Hybrid Eco ships, electric propulsion combined with MGO or low emission fuels
  • Fuelled by 100% alternative fuels, if measurable and enforceable

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.


Partners for long term

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.


Green Shipping Fund updates

Green Shipping Fund concludes inaugural finance solution for Eureka Shipping

March, 2022

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.

More information?

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