Green Shipping – Beyond the Panacea of Green Fuels

Mr. Tsun Chen
Secretary General, Hong Kong Green Finance Association (HKGFA)

Tsun has over 20 years of experience in the financial services industry. Prior to joining HKGFA, he worked for a number of corporate finance advisory firms and a specialist bank where he was responsible for cross-border mergers and acquisitions, initial public offerings, debt and equity restructurings and direct investments. Tsun is a qualified solicitor in England & Wales (non-practising), holds a BSc. in History and Philosophy of Science from University College London and is certified by the CFA in ESG Investing.

Eleanor Cunningham leads ESG strategy for The Caravel Group, a diversified conglomerate with global operations. She oversees sustainability across the group’s portfolio, with a focus on Fleet Management Limited, the shipping subsidiary. With over a decade of experience in maritime and hospitality, she develops ESG frameworks that integrate climate scenario modelling, nature risk assessments, and AI-driven analytics.

Eleanor executes enterprise-wide sustainability strategies, advising C-suite leadership on ESG trends and risks using predictive analytics to support low-carbon strategies. She manages ESG data and reporting systems, ensuring compliance with global standards, and shapes decarbonization strategies through risk assessments. Her methodology embeds ESG ownership through strategic execution and stakeholder engagement.

She serves on both the Facilities Management and Development Committee and the ESG Committee of one of Hong Kong’s largest NGOs, bringing her corporate sustainability expertise to the non-profit sector. As sustainability head, she develops narratives that enhance reputation and support community impact initiatives.
My Sustainability Goals for 2025:

• Hong Kong to be Asia-Pacific’s green maritime hub through strategic regional partnerships and collaboration
• Embed nature and climate risk assessments and just transition principles into core business strategies for resilience.
• Drive scalable low-carbon solutions with measurable impact

Mark Teng is the Chief Financial Officer at SeaKapital, a Hong Kong-based maritime leasing and investment company, and the former Managing Director in the Shipping and Offshore department of Credit Agricole Corporate and Investment Bank.

Throughout his 25+ year career, Mark has originated and executed extensive maritime transactions across Asia-Pacific, Europe, and the Middle East, with recent experience in financing alternative fuel vessels using use-of-proceed as well as sustainability-linked loans, green bonds, and other ESG-compliant structures specifically designed for the maritime sector’s transition to net-zero emissions. Mark’s combination of practical transaction experience and attention to prevailing trends in sustainable finance continues to bridge global capital with Asia’s shipbuilding ecosystem to accelerate the sector’s transition to net-zero operations.

Mark has a long track record as a keynote speaker, moderator, and panelist at international maritime finance conferences across Asia. His speaking portfolio demonstrates expertise across sustainable finance, decarbonization, and maritime banking, including the recent keynote presentation “Sustainable Finance in Shipping” at the 17th World Ocean Forum 2023 in Busan, Korea. He also serves as a regular panelist at annual Marine Money conferences in Singapore, Hong Kong, and Shanghai, where he has addressed topics ranging from bank finance evolution to ESG best practices in shipping. His presentations consistently focus on bridging the technological and financial challenges of maritime decarbonization, emphasizing the critical role of governments and financial institutions in supporting the industry’s ambitious IMO 2050 net-zero targets.

Mark holds a B.S. in Economics from The Wharton School and a B.A. in International Studies from the University of Pennsylvania.

My Sustainability Goals for 2025:

One way Hong Kong can elevate its port competitiveness is by promoting alternative fuel bunkering availability, in line with its “green and smart port” strategy. In parallel, wider adoption of innovative green financing solutions such as use-of-proceeds financing for green fuel, supply chain infrastructure, or decarbonizing retrofitting equipment would further expand the supply of green funding to the address the rising demand under IMO 2050.