LEMSCO Fund I
Hamburg Commercial Bank is supporting the innovative LEMSCO Fund I through refinancing, thereby continuing its trusting and cooperative partnership.
Together, we shape sustainable prospects
The sustainable “Low Emission Methanol Shipping Company Fund” (LEMSCO Fund I) was launched by Proman AG and Stena AB, two of the world’s largest companies in the fields of shipping and low-emission methanol fuel production.
LEMSCO Fund I – for more environmentally friendly shipping
Project details
LEMSCO Fund I is the first shipping fund to invest exclusively in methanol-powered ships, making it compliant with EU taxonomy. This fuel is fully biodegradable and, when green methanol is used, it can reduce CO₂ emissions by more than 90% on a lifecycle basis.
Keyfacts
| Volume | USD 190 mn., together with a syndicate partner (50/50%) |
| Type | Refinancing |
| Term | 5 years |
| Asset class | Six methanol dual-fuel tankers |
| Fund | Launched in 2023 by Proman AG and Stena Bulk |
© Photos: Proman
We value the trusting cooperation with HCOB and their support on our path to a more sustainable future for shipping
Andrew Craig, Managing Director Corporate Finance at Proman
Business knowledge and expertise
Our specialised teams in Hamburg, Amsterdam and Piraeus coordinate all the bank’s products and services for you. We provide customised financing solutions for the maritime industry, as well as reliable and swift payment processing worldwide.
Loukas Lagaras
Managing Director of the HCOB branch in PiraeusJan-Philipp Rohr
Global Head of ShippingJan-Willem Schellingerhout
Head of the Representative (Shipping) Office NetherlandsIndividual and pragmatic
Whether as sole financier or in collaboration with our partners, we will find the right solution for your project. HCOB takes on various roles in this process.
Together with our partners, we will drive your project forward. Benefit from our global network.
We take over the operational management and control of the credit exposure. We are at your side throughout the entire tenure of your financing.
As your sole financing partner, HCOB makes it possible for you to benefit from its many years of expertise. We support you during the entire lifecycle of your project by providing individualised, expert assistance.
For your liquidity management
Actively transfer account balances automatically with HCOB cash pooling. Cash pooling enables you to ensure the smooth integration of new group companies with customized, fast, and pragmatic solutions. Institutional clients in particular benefit from cash pooling and cash routing, which allows them to balance all secondary accounts on a daily basis in a currency-neutral manner.
Arrange a consultation appointment
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Financing enquiry
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