Formulation of Transition Finance Framework

NS United Kaiun Kaisha, Ltd. (hereinafter referred to as "the Company") has formulated a Transition Finance Framework (*1) for capital investment planned as part of our initiatives toward decarbonization.


This framework has been formulated based on various standards for decarbonization investment finance (*2), and regarding conformity to these standards, we have received the highest overall rating of "Green1(T)(F)" (*3) from a third-party organization, Japan Credit Rating Agency, Ltd. (JCR).

 

Furthermore, as part of fundraising based on this framework, we have concluded transition loan agreements with Mizuho Bank, Ltd. and Sumitomo Mitsui Banking Corporation (SMBC) for dual-fuel methanol-powered vessels (*4).

 

In our Medium-Term Business Plan (FY2024–2027) "FORWARD 2030 II," we have formulated an Environmental Roadmap toward Net zero GHG Emissions by 2050 and are working on improving fuel efficiency through improved operational efficiency and introducing new technologies and alternative fuels. The construction of dual-fuel methanol-powered vessels, which is the subject of this fundraising, is part of initiatives in line with this roadmap.
 

Conclusion of Transition Loan Agreement

Shipowner/borrower

NS United Kaiun Kaisha, Ltd.

Lender

Mizuho Bank, Ltd. / Sumitomo Mitsui Banking Corporation (SMBC)

Date of agreement

October 31, 2025

Scheduled execution

December 2027

Use of funds

Funds for acquisition of dual-fuel methanol-powered vessels

  *² Standards for decarbonization investment finance
     "Climate Transition Finance Handbook" (International Capital Market Association (ICMA))
     "Green Bond Principles (GBP)" (ICMA)
     "Basic Guidelines on Climate Transition Finance" (Financial Services Agency (FSA), Ministry of Economy,
       Trade and Industry (METI), Ministry of the Environment (MOEJ))
     "Green Loan Principles" (Loan Market Association, etc.)
     "Green Bond Guidelines" (Ministry of the Environment (MOEJ))
     "Green Loan Guidelines" (Ministry of the Environment (MOEJ))