ANNOUNCEMENT 21 Dec 2017

In December 2017, the KfW IPEX-Bank announced it would partially finance the construction of two cruise ships for an American cruise line.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

KfW IPEX-Bank, KfW IPEX-Bank finances order for two reduced-emission cruise ships from the Meyer Turku shipyard, press release of 21 December 2017: https://www.kfw-ipex-bank.de/Presse/News/Pressemitteilungsdetails_449344-2.html

Inception date: 21 Dec 2017 | Removal date: open ended

Trade finance

On 21 December 2017, the KfW IPEX-Bank announced providing EUR 686 million (USD 814.32 million) for the construction of two cruise ships constructed at the Meyer Turku shipyard in Finland and purchased by the American company Royal Caribbean Cruises Ltd. Several German manufacturers will supply ship parts for the construction of the cruise ships including the hull and the main engine which will be supplied by the Neptun Werft shipyard in Rostock, Germany.

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