KfW IPEX-Bank, acting as facility agent and collectively with BNP Paribas as mandated lead arranger, finances the conversion of a former RoRo ferry into a state-of-the-art accommodation and support vessel specially designed for the offshore industry, for the Danish shipping company J. Lauritzen.
The Blohm + Voss shipyard in Hamburg has been contracted to implement this technologically demanding and complex conversion of the "MV KRAKA" to the "DAN SWIFT".
To finance the project KfW IPEX-Bank and BNP Paribas will provide a loan in equal proportions worth a total of around USD 130 million. The financing structure includes export credit insurances from Germany (Euler Hermes) and Denmark (Eksport Kredit Fonden). The tenor of the loan is 12 years. The related loan agreement was signed today.
Christian K. Murach, responsible Managing Director of KfW IPEX-Bank, underlined the importance of the project: "A ship that was obsolete is made fit for the market again The conversion project will create a specially designed innovative vessel for which there is a stable market demand. This is yet an example of a successful response to the crisis-like developments in the shipping industry."Although a conversion of this kind is highly complex, it is still cheaper and quicker than building a new ship from scratch. The Blohm
About KfW IPEX-Bank GmbH
Within KfW Bankengruppe KfW IPEX-Bank GmbH provides project and corporate financing as well as trade and export financing domestically and abroad. Worldwide it conducts all market activities of KfW Bankengruppe that are carried out on commercial terms. KfW IPEX-Bank GmbH has been operating as a legally independent subsidiary since 1 January 2008 and contributes significantly to the promotional mission of KfW Bankengruppe. It has approx. 490 employees (as of June 2009) and is represented in the key economic and financial centres throughout the globe.
Dela Strumpf | presseportal
Corporate coworking as a driver of innovation
22.11.2017 | Fraunhofer-Institut für Arbeitswirtschaft und Organisation IAO
Mathematical confirmation: Rewiring financial networks reduces systemic risk
22.06.2017 | International Institute for Applied Systems Analysis (IIASA)
MPQ scientists achieve long storage times for photonic quantum bits which break the lower bound for direct teleportation in a global quantum network.
Concerning the development of quantum memories for the realization of global quantum networks, scientists of the Quantum Dynamics Division led by Professor...
Researchers have developed a water cloaking concept based on electromagnetic forces that could eliminate an object's wake, greatly reducing its drag while...
Tiny pores at a cell's entryway act as miniature bouncers, letting in some electrically charged atoms--ions--but blocking others. Operating as exquisitely sensitive filters, these "ion channels" play a critical role in biological functions such as muscle contraction and the firing of brain cells.
To rapidly transport the right ions through the cell membrane, the tiny channels rely on a complex interplay between the ions and surrounding molecules,...
The miniaturization of the current technology of storage media is hindered by fundamental limits of quantum mechanics. A new approach consists in using so-called spin-crossover molecules as the smallest possible storage unit. Similar to normal hard drives, these special molecules can save information via their magnetic state. A research team from Kiel University has now managed to successfully place a new class of spin-crossover molecules onto a surface and to improve the molecule’s storage capacity. The storage density of conventional hard drives could therefore theoretically be increased by more than one hundred fold. The study has been published in the scientific journal Nano Letters.
Over the past few years, the building blocks of storage media have gotten ever smaller. But further miniaturization of the current technology is hindered by...
With innovative experiments, researchers at the Helmholtz-Zentrums Geesthacht and the Technical University Hamburg unravel why tiny metallic structures are extremely strong
Light-weight and simultaneously strong – porous metallic nanomaterials promise interesting applications as, for instance, for future aeroplanes with enhanced...
11.12.2017 | Event News
08.12.2017 | Event News
07.12.2017 | Event News
12.12.2017 | Physics and Astronomy
12.12.2017 | Earth Sciences
12.12.2017 | Power and Electrical Engineering