K Line’s unit secures green loan for electric tugboat

Daito Corporation, a subsidiary of Japanese shipping company K Line, has secured a green loan to finance the construction of an electric tugboat ordered in November 2024.

The green loan, procured from Mizuho Bank, utilizes the Port of Yokohama – CNP Sustainable Finance Framework aimed at promoting the decarbonization of the port.

According to K Line, Daito is the first company to utilize this framework for financing.

To remind, on November 8, 2024, K Line’s subsidiary signed a collaboration