Friday, August 5, 2016

Cruise Ships a Beacon for Germany’s KfW in Dire Shipping Market By Bloomberg

The Harmony of the Seas (Oasis 3) class ship leaves the STX Les Chantiers de l'Atlantique shipyard site in Saint-Nazaire, France, May 15, 2016. REUTERS/Stephane Mahe

By Nicholas Brautlecht (Bloomberg) — The call of the Caribbean is proving irresistible for Germany’s KfW IPEX, the development bank that funds the shipbuilding industry. After lending 1.1 billion euros ($1.2 billion) to finance pleasure ships last year, including part of the funding for two new Royal Caribbean Cruises Ltd. vessels built in Germany, KfW […]

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