MOL to issue shipping’s first blue bonds – Splash247

Japan’s Mitsui OSK Lines (MOL) will become the first shipowner in the world to issue blue bonds next month.

All the proceeds from the public offering in Japan’s domestic market will go on investments to contribute towards a sustainable blue economy. MOL has a raft of green tech it is working on including its hard sails (pictured).

MOL is planning to raise Yen10bn ($70.4m) in five-year bonds.