Shipping & Ports
KfW IPEX-Bank Backs Methanol Dual-Fuel Bulker Duo with €79.3m Loan
German financier KfW IPEX-Bank has agreed to provide €79.3 million in credit for two methanol dual-fuel self-unloading dry bulk vessels.
Germany-based KfW IPEX-Bank has finalized a €79.3 million financing package to support the construction of two self-unloading bulk carriers featuring methanol dual-fuel propulsion systems.
The newbuilding dry bulk vessels will be held under an ownership joint venture between Hartmann Schiffsbeteiligungen GmbH & Co. KG and The CSL Group Inc. Following delivery, the ships will enter into a long-term charter deployment with Mibau Stema Shipping ApS, a fully owned subsidiary of Mibau Stema Group GmbH.
Each bulker will be built with a maximum payload rating of 44,000 tonnes. The units are intended to haul building materials throughout European regional trades as well as international export markets.
Source attribution
This report was written by the Global Freight editorial desk based on material published by ship.energy. It is an original summary and analysis, not a reproduction of the source text. Figures and claims are limited to those present in the source material.
KfW IPEX-Bank announces €79 million financing for two methanol dual fuel bulk carriersGlobal Freight Briefing
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