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  3. Ship finance giant Anchor Ship Partners launches Japanese green ship fund
Ship finance giant Anchor Ship Partners launches Japanese green ship fund

Ship finance giant Anchor Ship Partners launches Japanese green ship fund

Japanese ship finance giant Anchor Ship Partners is launching a massive fund to build up a fleet of LNG carriers to lease Nippon Yusen Kaisha, Mitsui OSK Lines and Kawasaki Kisen Kaisha to the nation's top three lines.

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The new Y600bn ($5.65bn) fund, Japanese newswire Nikkei reports, will start by ordering LNG-fuelled gas carriers before ordering ships fueled by new fuels such as hydrogen and ammonia.

It is also eyeing hydrogen carriers, a burgeoning shipping industry that Japan is leading.

Anchor is seeking contributions from regional banks and other financial institutions in the new Green Ship Fund. The goal is to provide double-digit annual yields, primarily from lease income, and to run the fund for a period of 15 years.

The fund will be periodically reviewed by Sumitomo Mitsui Trust Bank to determine whether it has a positive effect on the climate.

Anchor's first fund, created by a team of ship financers at what is now Mizuho Bank, was launched in 2007. A total of four funds have been launched by the company since it was formed.

Maritime Business World 

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