KfW IPEX-Bank finances order for two reduced-emission cruise ships from the Meyer Turku shipyard

KfW IPEX-Bank is financing two reduced-emission cruise ships for Royal Caribbean Cruises Ltd. (RCCL). The EUR 2.5 billion plus in borrowed funds needed to procure the ships is being provided by an international consortium led by KfW IPEX-Bank. The ships, which will be built at the Meyer Turku shipyard in Finland, will be largely propelled by liquefied natural gas (LNG) and will be able to carry over 5,500 passengers each. The ships are due to enter into service in 2022 and 2024, respectively.