Dutch eco-shipping finance start-up Prow Capital is ready to start spending its initial cash pot next year.

Asked if the €420m ($472m) announced for its Green Shipping Fund had been raised, investment manager Gust Biesbroeck told TradeWinds: "Yes. We are open for business."

"Feedback from our prospective customers so far has been very positive as an alternative source of funding with a focus on and knowledge of the challenges around decarbonisation," the former ABN Amro executive said.