KfW IPEX-Bank on Wednesday (27 February) said it is structuring financing for another cruise ship for AIDA Cruises, which is powered by liquefied natural gas (LNG).
Borrower is the parent company of AIDA Cruises, Carnival Corporation & plc. The financing is provided by Euler Hermes' export credit insurance and is provided using the OECD Commercial Interest Reference Rate (CIRR).
KfW IPEX-Bank has taken over the structuring of the overall financing for AIDA Cruises and will, in cooperation with Carnival Corporation & plc, syndicate a significant part of the loan amount to an international banking syndicate after conclusion of the contract.
“As one of the leading ship financiers, we underscore our commitment to finance ships that are equipped with modern climate-friendly propulsion systems,” said Andreas Ufer, Managing Director of KfW IPEX-Bank on the occasion of the contract signing.
“The many years of successful cooperation with our business partners AIDA Cruises and Meyer Werft will be raised to a new trend-setting level with the Green Cruising concept.”
The vessel, the second sister ship for the world's first LNG-powered cruise liner AIDAnova, will be built by Meyer Werft in Papenburg.
Like its two sister ships, the new AIDA with 183,900 gt at a length of 337m and a width of 42m will provide space for around 2,500 cabins, 15 restaurants and 23 bars on a total of 20 decks. The delivery is scheduled for 2023.
Photo credit: AIDA Cruises
Published: 1 March, 2019
The harbour tug is slated to commence operations at the port of Singapore around mid-2019.
Barge will bunker Carnival Cruise Line’s two new DF ships and two DF Siem Car Carrier pure car truck carriers.
Agreement covers 25 2,000 dwt and 25 3,000 dwt bulk carriers and marks the official start of the gasification of the Pearl River in Guangdong.
The 15,000 TEU vessel is expected to be delivered in mid-August 2021 and CMA CGM noted it will have a fleet of 26 LNG containerships of various sizes by 2022.
‘This ferry will very much shape the future for high-speed, gas powered, catamarans and trimarans.’
The AiP is for a LNG fuel gas supply system for marine four-stroke dual fuel engines mainly to be installed on coastal ferries and small to mid-sized cargo ships.
Webinar will offer delegates insights on the prevention of operational issues when using VLSFOs, along with an update on biofuels and bunker fuel quality trends for 2021 and its forecast for the current year.
Heating VLSFOs to prevent cold flow issues causes issues related to distillate ageing, and there is a gentle balance to be maintained when handling the product.
Research into n-paraffin distribution of VLSFOs has shown that they not only differ from MGO, but significantly differ from each other as well, states bulletin.
Bunker Holding and Dan-Bunkering have decided not to appeal the city court ruling in the case where the companies were on trial for breaching EU sanctions against Syria, states USTC.
Poll shows market participants think Singapore’s future as a bunkering hub in the near term will be impacted most by growth in alternative bunker fuels and intensifying competition from other ports in Asia.
‘We will now take the necessary time to consider and evaluate the verdict and the premises of the verdict thoroughly before making any decision of whether to appeal to a higher court,’ informs company.
