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Financing case: Financing of export and installation of retrofit equipment for 31 vessels with GIEK cover for Quantum Pacific Shipping
Project profile – financing:
Retrofit financing of 31 marine exhaust gas cleaning systems for Quantum Pacific Shipping
Tenor up to 5 years
80% GIEK cover
Contribution of KfW IPEX-Bank:
Loan of up to USD 72 million
KfW IPEX-Bank acts as sole lender
Leading bank for retrofit programmes in the maritime industry, and thus contributing to climate protection despite the long investment cycles for ships
Support for European suppliers
2019 Marine Money Award - Green Ship Finance Deal of the Year
Project profile – vessels:
Marine retrofit equipment from Norwegian Clean Marine AS
Installation at Samkang Shipyard (Korea), Cosco & Chang Hong (China) and Gemak (Turkey)
Compliant with the IMO 2020 sulphur emissions regulation
Installation period of up to two years to complete the retrofit for 31 vessels
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