Baleària renews its trust in Armon with the construction of a second improved unit of the innovative fast ferry ELEANOR ROOSEVELT

By | 2022 Newsletter week 44 | No Comments
  • The new fast ferry will have dual gas engines with greater power and efficiency, which renews the shipping company’s commitment to this green energy as a transition fuel.
  • The ship will have the same dimensions as its sister ship.
  • It will optimize its speed and hold capacity, as well as add a deck for passengers and expand the terrace.

FERRY FINANCE & FIGURES

By | 2019 Newsletter week 28 | No Comments

Tallink Grupp Has Signed The Loan Agreement For The New LNG Powered Fast Ferry

AS Tallink Grupp’s subsidiary Tallink Superfast Ltd. and KfW IPEX-Bank GmbH have signed the loan agreement in the amount of EUR 197,6 million to finance the new EUR 247 million LNG powered fast ferry currently under construction in Rauma Marine Constructions Oy.

The loan is arranged and long-term financing is provided by KfW IPEX-Bank GmbH. Finnish Export Credit Agency “Finnvera” guarantees 95% of this post-delivery buyer credit.

The loan is secured by the mortgage on the new vessel and the corporate guarantee of AS Tallink Grupp. This OECD-term export credit loan will be drawn on the delivery of the vessel, presumably in the beginning of 2022 and has the final maturity of twelve years from the drawdown.