German lenders KfW IPEX-Bank and Commerzbank have sealed a financing deal for a third expedition ship for Hapag-Lloyd Cruises.
The 16,000-gt Hanseatic Spirit is to be built by Vard.
The TUI subsidiary will take delivery of the first two vessels next year, with the third coming in 2021.
No financial details have been revealed.
"This closing again underscores our structuring competence when it comes to tailored financings in the cruise segment," said Andreas Ufer, member of the KfW management board.
"We are pleased to - together with Commerzbank - continue our successful business partnership with Hapay-Lloyd Cruises and, with our financing, to support one of the key German players in global competition in the booming cruise sector."
The order was placed in July.
The ship has seven passenger decks, with accommodation for 230 passengers in 120 cabins and suites.
The hull will be built by Vard in Romania and finished in Norway.
The two banks financed the first two vessels as well.
