KfW IPEX-Bank finances 10 more Viking Longships for 2016KfW IPEX-Bank finances 10 more Viking Longships for 2016

The financing, with an 8.5-year term, involves export credit insurance from Germany's Hermes agency and the favorable Commercial Interest Reference Rate.

Together with other banks, KfW IPEX-Bank has financed 37 river vessels for Viking between 2011 and 2014.

'By making financing available, we are not only contributing our structuring know-how in the maritime industry but also helping to secure jobs in Papenburg and Rostock,' said Christian Murach, board member of KfW IPEX-Bank.

Neptun Werft is affiliated with Meyer Werft in Papenburg.

Like the earlier Viking Longships, each 2016 newbuild will be 135 meters long and 11.45 meters wide, with 95 outside cabins for passengers plus 31 crew accommodations.