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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