Ship financier Hamburg Commercial Bank (HCOB) will focus on financing secondhand tonnage while taking measures to build a greener fleet, says global head of shipping Jan-Philip Rohr.

The German lender reflected that philosophy by unveiling a $95m loan to refinance seven handymax bulk carriers in the fleet of dry bulk operator Hamburg Bulk Carriers.

The deal reflects the bank’s conservative philosophy that has led it to largely steer clear of newbuilding loans.

Rohr said the bank remains willing to finance assets up to 15 or 16 years old, which sets it apart from many lenders focused on corporate lending.