Fuel represents one of the highest operating costs for shipping companies, often outpacing the capital cost of the vessel over its lifecycle by a factor of three to five. Yet, conventional finance models have largely excluded fuel procurement, creating a multibillion-dollar structural liquidity shortfall that the initiative seeks to resolve.
Green Link Digital Bank (GLDB) and fintech platform 129Knots have launched a global embedded finance programme to address the persistent liquidity gap in the marine fuel industry.
The partnership will allow borrowers in the marine sector to access working capital financing through 129Knots’ Origination-to-Distribution (OTD) platform. The initiative aims to address the industry’s longstanding reliance on fragmented financing and informal credit channels.
