ship.energy

KfW IPEX-Bank agrees €40 million loan for Finnlines hybrid Ro-Ro

The vessel is one of three ordered by the Grimaldi subsidiary from China’ Nanjing Jinling Shipyard.

The ships are designed for rolling cargo, such as trailers and trucks, and total investment in the newbuilds is around €200 million.

In addition to using lithium-ion batteries that enable zero-emission operations in port, the vessels will be equipped with the latest generation of engines to enable low fuel consumption and emissions.

After delivery in 2021-2022, the vessels will be deployed on North and Baltic Sea routes.

‘We are very pleased to have acquired Finnlines, another prestigious Ro-Ro/RoPax operator on the North and Baltic Seas, as a customer whose commitment to environmentally friendly and sustainable ferry transport we are happy to support,’ said Andreas Ufer, Member of the Management Board of KfW IPEX-Bank responsible.

‘For us, this project is another step in our plan to finance sustainable projects in the shipping industry.’

Lesley Bankes-Hughes

Lesley Bankes-Hughes