OTS: KfW IPEX-Bank / KfW IPEX-Bank finances three ECO cement carriers for …

KfW IPEX-Bank is financing three ECO cement carriers for Eureka Shipping

Frankfurt am Main (ots) – KfW IPEX-Bank is providing Eureka for its new customer

Shipping Limited a EUR 29 million loan to finance three

ECO cement carriers with 4,250 deadweight tons (dwt) available. the

Ships are currently being built at the Dutch shipyard Royal Bodewes and

are to be delivered in 2022 and 2023. The financing has a term of

12 years and is backed by an export credit guarantee from the Dutch

Export credit agency Atradius secured.

The three ships are intended to replace older ships in the shipping company’s fleet and

offers its customers environmentally friendly transport services for cement freight

Offer. The new ships will reduce CO2 emissions per tonne carried

significantly reduce and efficient operation as well as a lower

Enable fuel economy both at sea and in port. the

Ship engines can burn biofuel and are capable of future

switch to green methanol after a limited additional investment. Further

Optimizations with an impact on the environment are an improved hull design,

a propeller nozzle, hull paint with surface film to protect against fouling,

LED lighting, water-lubricated stern tube bushings and measures for

noise reduction. In addition, some of the ships for loading and

Discharging with shore power (so-called. “Cold ironing”), whereby during

while in port, emissions are eliminated and noise is reduced.

“Eureka Shipping is very pleased to renew our fleet of cement vessels and

to be able to expand. The Royal Bodewes shipyard has in the past

built excellent ships for us and with these new builds we can

meet increased customer demand for cement transport in Europe. We can

do this in the most efficient and safest way,” said Kai Grotterud,

Managing Director of Eureka Shipping. “We’re also pleased that the

KfW IPEX-Bank has become a new lender for us, as well as strong

Support we from them and from our existing

financing partners.”

“In order to complete the transformation process towards a sustainable economic and

To support ecological development, we finance in particular

Future technologies that reduce global emissions

contribute,” said Andreas Ufer, Managing Director of KfW IPEX-Bank. “We are delighted

We are very happy about our new customer Eureka Shipping, who, like us, is actively involved in

Environment and sustainability and contributes to shipping also in

to make this segment “greener”.

About Eureka Shipping

Eureka Shipping is a leading provider of logistics services in the

specialized segment of pneumatic and mechanical cement carriers. The

Company owns and operates fully specialized vessels in the size range

from 3,000 to 23,000 dwt and transports a variety of powdery and

cementitious loads with a focus on high efficiency and environmental protection. The

Company was founded in 2008 and is now a joint venture between SMT

Shipping and CSL Group. Eureka Shipping is based in Cyprus and

Offices in Norway and the Netherlands.

Press contact:

Dela stocking

KfW IPEX-Bank GmbH, Palmengartenstrasse 5-9, 60325 Frankfurt

Email: mailto:[email protected]

Tel. 069 7431-2984

Email: mailto:[email protected],

Internet: http://www.kfw-ipex-bank.de

Further material: http://presseportal.de/pm/69662/5159129

OTS: KfW IPEX-Bank

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