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Financing case: Financing of export and installation of retrofit equipment for 31 vessels with GIEK cover for Quantum Pacific Shipping
Project profile – financing:
- Retrofit financing of 31 marine exhaust gas cleaning systems for Quantum Pacific Shipping
- Tenor up to 5 years
- 80% GIEK cover
Contribution of KfW IPEX-Bank:
- Loan of up to USD 72 million
- KfW IPEX-Bank acts as sole lender
- Leading bank for retrofit programmes in the maritime industry, and thus contributing to climate protection despite the long investment cycles for ships
- Support for European suppliers
- 2019 Marine Money Award - Green Ship Finance Deal of the Year
Project profile – vessels:
- Marine retrofit equipment from Norwegian Clean Marine AS
- Installation at Samkang Shipyard (Korea), Cosco & Chang Hong (China) and Gemak (Turkey)
- Compliant with the IMO 2020 sulphur emissions regulation
- Installation period of up to two years to complete the retrofit for 31 vessels