Germany's KfW IPEX-Bank is providing financing for two new cement carriers ordered by domestic owner Baltrader.
The EUR 15.7m ($17.58m) package is covered by a Chinese export credit guarantee from Sinosure.
Fujian Southeast Shipyard in China will deliver the CemCoaster and CemClipper in 2020.
They are designed to allow a future upgrade to dual-fuel operation, so that they can later run on LNG or gasoil.
They will carry 4,650 tons of cargo.
The ships were developed in Germany by SDC Ship Design & Consult, in partnership with Brise Group’s project engineering team.
"KfW IPEX-Bank is helping to promote the German and European economy while supporting Hamburg-based mid-sized company Baltrader," KfW said.
