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Fleet Expansion of Car-Carrying Vessels Boosts Shipping Capacity
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Grimaldi Euromed secures $42.5 million loan to finance Eco Barcelona December 14, 2020, by Jasmina Ovcina
Grimaldi Euromed, a subsidiary of the Grimaldi Group specializing in the maritime transport of passengers and RORO cargo, has won a €35 million ($42.5 million) loan facility from CaixaBank S.A. The loan is intended to finance the acquisition of a new Roll-on/Roll-off (Ro-Ro) vessel Eco Barcelona.
The ship is under construction at China Merchants Jinling Shipyard (Jiangsu) Co. Ltd. and joins Grimaldi’s fleet of over 130 ships operating on Italian domestic and international routes.
Eco Barcelona is the second unit of the Grimaldi Green 5
th Generation (GG5G) class and can transport over 7,800 million of rolling goods, equivalent to circa 500 trailers.
WFW advises CaixaBank on €35m Grimaldi Euromed financing
Watson Farley & Williams (“WFW”) has advised CaixaBank S.A. (“CaixaBank”) on a €35m loan facility to Grimaldi Euromed S.p.A. (“Grimaldi Euromed”) to finance the acquisition of a new Roll-on/Roll-off (Ro-Ro) vessel.
The new unit, Eco Barcelona, is under construction at China Merchants Jinling Shipyard (Jiangsu) Co. Ltd. and joins Grimaldi’s fleet of over 130 ships operating on Italian domestic and international routes.
The Eco Barcelona is the second unit of the Grimaldi Green 5th Generation (GG5G) class and can transport over 7,800m of rolling goods, equivalent to circa 500 trailers. Thanks to the adoption of numerous innovative technological solutions, those in the GG5G class transport a higher volume of goods without increasing fuel consumption, leading to greater efficiency in terms of fuel consumption per tonne transported.