Royal Arctic Line closes KfW-IPEX loan for container newbuilds

In:

Transport

Region:

Europe

KfW IPEX-Bank is providing a €30 million ($34.06 milion) loan to finance two new feeder container vessels for Greenland's Royal Arctic Line (RAL). The vessels will be built at Zamakona Shipyard in Spain, with around 30% of components supplied from Germany. The financing is backed by cover...

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