KfW IPEX-Bank finances two innovative high-tech ships for Dutch shipping company RollDock

Frankfurt am Main (ots) -

   - A consortium of banks led by KfW IPEX-Bank is financing the 
     construction of two special vessels at the German FSG shipyard 
     in Flensburg
   - Heavy lift transporter at sea: ro-ro semi-submersible dock 
   - Use in offshore industry 

With a loan of EUR 74 million a consortium of banks led by KfW IPEX-Bank is supporting the construction of two ultra-modern special transporters to be built at the Flensburg-based FSG shipyard for the Dutch heavy lift shipping company RollDock. KfW IPEX-Bank contributes EUR 37 million to the financing. The Dutch banks ABN AMRO and Rabobank provide EUR 18.5 million each. The total financing has been arranged by KfW IPEX-Bank and is covered by an export credit guarantee of the Federal Republic of Germany. Tenor of the loan is 12 years beginning with delivery of the ships.

"As far as building technologically sophisticated and high-quality special vessels goes, German shipyards still have some good opportunities," said Christian K. Murach, member of the Management Board of KfW IPEX-Bank on the occasion of the signing of the loan agreement. "We are very pleased that the young and technically innovative ship owner RollDock gave this complex order to FSG, a shipyard that is highly renowned in the sector. We are proud to contribute to the financing of the innovative high-tech ships and in this way also to utilising capacity and ensuring jobs in Flensburg."

In recent years the FSG shipyard has become more specialised in the construction of technically advanced and complex ro-ro ships. The Dutch shipping company RollDock ordered the vessels with a revolutionary design that it developed and IP protected itself. The vessels, which will be identical, are designed to transport particularly large or heavy cargo as is the case in the offshore industry. They can load up to 7,000 tonnes in three different modes:

   - by crane (lift-on/lift-off, or 'lo-lo') with two installed 
     Liebherr cranes
   - via ramps (roll-on/roll-off, or 'ro-ro') using adjustable ramps 
   - by sea (float-in/float-out, or 'flo-flo'). 

For the flo-flo mode the ships can be submerged by more than twelve and a half metres, enabling cargo to be floated into the hold. This loading mode is suitable for the transport of small to mid-sized ships as well as floating dredgers.

Delivery is scheduled for the end of 2013 for the first ship and mid-2014 for the second vessel.

About KfW IPEX-Bank

KfW IPEX-Bank GmbH is responsible for international project and export finance within KfW Bankengruppe. Its function of providing financing to support the German and European economy is derived from the legal mandate of KfW Bankengruppe. Its prime focus is on medium and long-term lending to support the export economy and develop economic and social infrastructure, and for environmental and climate protection projects. KfW IPEX-Bank operates as a legally independent group subsidiary and plays a major role in fulfilling the promotional mission of KfW Bankengruppe. It has around 590 employees and is represented in the key economic and financial centres around the globe.

About Rolldock

RollDock is a relatively young heavy-lift shipping company, built by a number of very experienced professionals from the Heavy-lift industry. RollDock is a can-do company for solving heavy lift shipping problems. RollDock has new multifunctional vessels and new solutions for a new age of heavy lift shipping. At RollDock, we craft a total solution for every problem using our engineering team and practical experience. Instead of focussing on a limited range of standard services, we focus on the needs of the customers; and we understand that these needs don't always fit into neat categories. We know how! RollDock can plan every phase of your shipping requirement, from factory to foundation, ensuring that a tailor made solution is provided for each problem presented by the job. RollDock sister company, Roll-Lift, can also provide land-based heavy lift transport and installation. We're not in the business of providing services; we're in the business of designing solutions and providing those solutions in the best possible way.

About FSG

FSG is a compact, well structured and modern shipyard with excellent engineering skills from basic design to delivery and a total workforce of about 750 employees. Flensburger Schiffbau-Gesellschaft is the world market leader in the segment of RoRo vessels and having significant experience in the design of RoPax-vessels and other more specialised taylor made solutions like navy supply vessels. The company has the competence in house and is prepared to develop - together with the customers - the best possible solution for the respective tasks. The track record of FSG shows about 50 vessel deliveries during the last 15 years, all of them have been delivered in time, quality and budget with best value for money ratio to the full satisfaction of the respective owners. The yard actually performs a strategic extension of the portfolio into the offshore and special vessels sector. First reference orders like beside others the versatile, specialised vessels for RollDock can be named already. The yard focuses on series and one off production of ships as well.


KfW IPEX-Bank GmbH, Palmengartenstraße 5-9, 60325 Frankfurt
Pressestelle: E-Mail: dela.strumpf@kfw.de
Phone: +49 (0)069 7431 2961, Fax: +49 (0)69 7431 9409, E-Mail:
Internet: www.kfw-ipex-bank.de

Weitere Meldungen: KfW IPEX-Bank

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