Viking Cruises has secured a newbuilding loan from KfW IPEX-Bank.

The package for the vessels, to be constructed at Neptun Werft, has been provided alongside export credit insurance.

Andreas Ufer, member of the management Board of KfW IPEX-Bank, said the financing helped to secure important jobs in the maritime industry in Germany.

The yard in Rostock employs 500 people. The terms of the loan were not disclosed.