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Taking the 'green' route in ship finance

Standpoint: Taking the 'green' route in ship finance

HANSA, one of Europe's leading international maritime journals, took a closer look at the financing approach of KfW IPEX-Bank, which places much importance on supporting environmentally friendly shipping. Editor-in-chief Krischan Förster spoke at length with Holger Apel, Global Head of Maritime Industries.

LNG, electric drive, fuel cells, retrofits, scrapping clauses: shipping companies are trying in different ways to fulfill new environmental regulations and are ordering low-emission newbuilds or having their fleet retrofitted. This opens up many opportunities for banks: "We are even finding new possibilities beyond the newbuild business," said Apel. Given a worldwide fleet of 50,000 sea-going vessels and a service life of at least 20 years per ship, the requirements of the International Maritime Organization (IMO) cannot be met with newbuilds alone.

The bank wants to speed up the process through persuasion and is seeking partners for corresponding financings such as the credit insurer Euler Hermes. "With our efforts we want to show that KfW IPEX-Bank is precisely the right bank to contact for sustainable investments."

'KfW IPEX-Bank geht den "grünen" Weg' (article available in German only): published in the maritime journal 'HANSA' (June 2018), p. 18

Maritime Industries charts a new route

"In ship finance we focus more than ever on sustainable concepts since the markets are embracing new ways of thinking."

Holger Apel, Global Head of Maritime Industries

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