Export and project finance specialist KfW IPEX-Bank saw its loans to the maritime sector remain unchanged for the first six months of 2018.

The German bank recorded EUR 1bn in commitments to the sector, the same level seen during the same time frame last year.

A month ago, KfW IPEX-Bank provided EUR 786m ($920m) in funding for Carnival Corp's order of an 184,000-gt LNG-powered cruiseship being built at Papenburg's Meyer Werft.

The Klaus Michalak-led bank, responsible for KfW Group's export and project finance business, met its own overall expectations, hitting loan volume of EUR 6.7bn versus EUR 5.7bn a year ago.

Its promotion sector for developing nations and emerging economies reached the highest commitment level at EUR 1.6bn, down from EUR 2.6bn.

Loan volumes for the financial institutions and trade finance and basic industries segments both came in at EUR 1.2bn.

That compares to 2017 respective results of EUR 0.6bn and EUR 0.5bn.