Financing case: Two cement carrier newbuilds for Baltrader Capital

Project profile – financing:

• Two cement carrier newbuilds for Baltrader Capital, Hamburg, Germany
• 95% Sinosure cover
• Tenor of 12 years from delivery

Contribution of KfW IPEX-Bank:

• Loan of EUR 15.7 million
• KfW IPEX-Bank structures loan acting as sole lender
• Support for a mid-sized German company through lending
• Promotion of the members of the GeMaX Initiative providing vessel components

Project profile – vessels:

• Built at Fujian Southeast Shipyard in China
• Delivery in March and April 2021
• Ship design and substantial vessel components are supplied by GeMaX members
• With the two new vessels Baltrader will own and operate a fleet of 12 pneumatic self-discharging cement carriers