KfW IPEX-Bank finances projects to decarbonise Maritime Industries
Germany, March 20 -- KfW IPEX-Bank is providing a USD 80 million revolving sustainability-linked loan facility to container feeder carrier, X-Press Feeders. The Singapore-based company intends to use the financing for decarbonisation to support fleet renewal, efficiency enhancements and related initiatives aligned with its decarbonisation pathway.The financing will support X-Press Feeders' goal of achieving climate neutrality by 2050. The company has been investing in more efficient vessels and sustainable fuels and the latest transaction is part of its broader sustainability roadmap. Founded in 1972, X-Press Feeders has since grown into the world's largest independent container feeder carrier, providing regional feeder services across Euro...
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