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KfW IPEX-Bank, Commerzbank finance Hapag-Lloyd ship

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Hanseatic Spirit will have a PC6 rating for operations in the polar regions
KfW IPEX-Bank and Commerzbank are financing the third expedition ship for Hapag-Lloyd Cruises. Delivery for Hanseatic Spirit is planned in 2021, following Hanseatic Nature and Hanseatic Inspiration in 2019.

As with the 2019 vessels, KfW IPEX-Bank and Commerzbank structured the entire financing and both are acting as mandated lead arranger.

'This closing again underscores our structuring competence when it comes to tailored financings in the cruise segment,' said Andreas Ufer, member of the management board of KfW IPEX-Bank. 'We are pleased—together with Commerzbank—to continue our successful business partnership with Hapag-Lloyd Cruises and, with our financing, to support one of the key German players in global competition in the booming cruise sector.'

The 139-meter/456-foot Hanseatic Spirit will have a PC6 ice-class rating for operations in the polar regions. It will be able to carry up to 230 passengers (199 in Antarctica and Spitsbergen).

The three ships are being built by Norway's Vard.