Stena scores $180 million loan for E-Flexer ferries March 3, 2021, by Jasmina Ovcina
Swedish-based international shipping company Stena has signed a $180 million loan agreement with KfW-Bank to finance two new E-Flexer RoPax ferries.
The dup forms part of a series of nine new vessels ordered by Stena from China Merchants Jinling Shipyard (Weihai).
The shipyard has already delivered three ships in the E-Flexer class. The two new ships will be operated by Stena Line after their planned delivery in 2022 and can be deployed on a wide range of routes across Europe.
Stena said that the new design features two propulsion engines instead of four, thus reducing fuel consumption by 25% and CO2 emissions accordingly. As explained, at speeds of less than 18 knots, the ships can be run on a single propulsion engine.