2 additional vessels will be built for Royal Arctic Line fleet

Two additional vessels to be built at the Nodosa shipyard in Spain, with a significant portion of the components sourced from Germany.

The vessels are designed for year-round operation so as to supply the inhabitants of remote settlements along the Greenland coast that are not connected to each other by land.

Securing this industrial suppliers’ portion took place primarily in cooperation with the German Maritime Export Initiative (GeMaX), according to KfW IPEX-Bank.

As informed, the financing is covered by insurance from the Spanish state export credit insurer CESCE and avails of the fixed rate funding offered by the Spanish Commercial Interest Reference Rate (CIRR).

The 36-meter-long vessels will have onboard cranes, highest ice class and refrigerated container connections for transporting deep-frozen fish for export. They will also meet the requirements of the New Polar Code, which came into force in 2017.

With delivery at the end of 2020 and 2021 respectively, these newbuild transport vessels will replace older ships in the Royal Arctic Line fleet.

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