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Maritime Industries

As one of the world's leading ship financiers, we help to preserve the innovative power of maritime enterprises. We are Germany's leading ship financier and among the world's top ten.

Our main target groups

European shipyards: We finance vessels built at German and European shipyards and exported throughout the world.
European vessel owners: We finance both the construction of new vessels and the modernisation of existing vessels operated by European ship owners.
European and German equipment suppliers: We finance vessels that are built globally with European equipment and/or components.

Our financing products:

Financing of maritime vessels with European content
German and other European export loans
Investment loans for European maritime companies
Down payment and post delivery financings

Contact: Dr Carsten Wiebers, Global Head of Mobility

KfW IPEX-Bank
Palmengartenstraße 5-9
60325 Frankfurt am Main
Germany
Phone:+49 (0) 69 74 31-3644

We finance worldwide

We finance maritime vessels with European technology worldwide, including the bulk of projects realised on German and European shipyards: investments by cargo shipping companies and passenger shipping. In this way we promote family-owned enterprises and listed corporates that are world leaders in their industry, as well as their suppliers.

Financing case Tallink

KfW IPEX-Bank supports the switch to new energy sources for propulsion in shipping, for example by financing a new LNG-powered fast ferry for Tallink.

Financing case QPS Retrofitting

KfW IPEX-Bank supports the reduction of emissions despite long investment phases in the maritime industry, for example through the financing of retrofit equipment for Quantum Pacific Shipping.

Financing case Baltrader

KfW IPEX-Bank supports manufacturers of the GEMAX initiative as well as other European suppliers, for example by financing two cement carrier newbuilds for Baltrader Capital.

Financing case INEOS

KfW IPEX-Bank supports inland navigation and thus the ecologically sound inland transport of goods on waterways, for example by financing four river gas tankers for INEOS Group.

Ship financing in the era of climate change

Sebastian Blum and Sebastian Fenk, both Team Heads from the Maritime Industries Department at KfW IPEX-Bank, speak to Lesley Bankes-Hughes from ship.energy and bunkerspot about financing the decarbonisation of shipping.

KfW IPEX-Bank finances dual-fuel RoPax ferry for TT-Line (December 2022)
KfW IPEX-Bank finances three ECO cement carriers for Eureka Shipping (March 2022)
KfW IPEX-Bank: Second Green Loan for Hapag Lloyd AG (July 2021)
KfW IPEX-Bank finances two E-Flexer RoPax ships for Stena (March 2021)
KfW IPEX-Bank and BNP Paribas partner to support Hapag-Lloyd in a Green Loan financing for three ultra large container vessels (February 2021)
KfW IPEX-Bank to finance hybrid ro-ro vessel for Finnlines (October 2020)

Further activities of Maritime Industries at KfW IPEX-Bank

More sustainable scrapping of ships

Inclusion of scrapping clauses in loan agreements

The aim of the initiative is for shipping companies to observe minimum standards of occupational safety and environmental protection when scrapping their ships, and therefore to view scrapping as part of their own value-added chains. The banks ABN Amro, ING and NIBC established the initiative.

Poseidon Principles

KfW IPEX-Bank has endorsed the Poseidon Principles, the global framework for responsible maritime finance. This is a further step to continuously develop the sustainability framework of KfW IPEX-Bank in financings for the maritime industry.

KfW IPEX-Bank is a founding member of GeMaX.

GeMaX helps shipbuilders and the maritime supply industry increase their sales opportunities around the globe.

For further information visit the GeMaX website