German shipping bank KfW, which along with Nordea and ING is part of a new syndicated loan to Russian Sovcomflot, explains that the bank is participating in the loan due to considerations concerning European industry and European subcontractors.
BY KATRINE GRØNVALD RAUN
German KfW IPEX-Bank, a 100 percent fully-owned subsidiary of shipping bank KfW, believes that the German and European maritime industries can benefit significantly from the two LNG vessels set to be built for state-owned Sovcomflot.
CII: IMO’s new climate regulation, CII, is liable to undermine its own intentions, German carrier Oldendorff warns. CII fails to view situation in its entirety, which may lead to an increase in emissions.
CII: Although a new legal clause places the responsibility and bills for poor climate ratings with operators and carriers, this has not altered Seaspan’s negotiations with customers, the major shipowner tells ShippingWatch.