KfW IPEX-Bank finances projects to decarbonise Maritime Industries

• Market leader in container feeder business invests in conversions
• Credit facility to support European suppliers

KfW IPEX-Bank is providing a USD 80 million revolving sustainability-linked loan facility to container feeder carrier, X-Press Feeders. The Singapore-based company intends to use the financing for decarbonisation to support fleet renewal, efficiency enhancements and related initiatives aligned with its decarbonisation pathway.

The financing will support X-Press Feeders’ goal of achieving climate neutrality by 2050. The company has been investing in more efficient vessels and sustainable fuels and the latest transaction is part of its broader sustainability roadmap.

“We are delighted to once again support our valued client X-Press Feeders in its efforts to decarbonise with our financing,” says Aida Welker, Member of the Management Board of KfW IPEX-Bank. "We expect that German and European suppliers in particular will benefit from this with their innovative products and profit from the conversions."

Founded in 1972, X-Press Feeders has since grown into the world’s largest independent container feeder carrier, providing regional feeder services across Europe and the Mediterranean, Asia, Middle East, Africa, Caribbean and Latin America. The renewal and modernisation of container ships is one of the company’s priorities and serves the goal of further reducing emissions.