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Financing case: Two cement carrier newbuilds for Baltrader Capital

Project profile – financing:

  • Two cement carrier newbuilds for Baltrader Capital, Hamburg, Germany
  • 95% Sinosure cover
  • Tenor of 12 years from delivery

Contribution of KfW IPEX-Bank:

  • Loan of EUR 15.7 million
  • KfW IPEX-Bank structures loan acting as sole lender
  • Support for a mid-sized German company through lending
  • Promotion of the members of the GeMaX Initiative providing vessel components

Project profile – vessels:

  • Built at Fujian Southeast Shipyard in China
  • Delivery in March and April 2021
  • Ship design and substantial vessel components are supplied by GeMaX members
  • With the two new vessels Baltrader will own and operate a fleet of 12 pneumatic self-discharging cement carriers