Watson Farley & Williams (“WFW”) advised Cetus Maritime on the successful closing of a US$60m sustainability-linked credit facility.
The transaction marks a significant achievement for Cetus Maritime as it continues to align its financing with long-term sustainability objectives. The facility incorporates key performance indicators (KPIs) tied to environmental targets, including reductions in carbon emissions intensity and improvements in energy efficiency across its fleet. Meeting these KPIs will result in margin adjustments which reinforce Cetus Maritime’s commitment to sustainable shipping.
Cetus Maritime is one of the largest private dry bulk shipping players, created through the consolidation of leading handysize operators. They own and control a significant fleet of over forty vessels.
The WFW Hong Kong Maritime team that advised Cetus Maritime was led by Partner Dora Ying, supported by Partner Andrew Rigden Green and Associates Gabrielle Wong and Beatrice Kwok.
Dora commented: “We are proud to have supported Cetus Maritime in achieving this important milestone. This transaction reflects their commitment to embedding sustainability into their financing strategy and operations, and highlights the role of green and sustainability‑linked financing structures in supporting the maritime industry’s transition towards decarbonization.”
