Grimaldi secures €35m loan to finance “Zero Emissions in Port” ro-ro

Grimaldi secures €35m loan to finance “Zero Emissions in Port” ro-ro

Grimaldi Euromed has secured a €35m loan from CaixaBank to finance the acquisition of a new roll-on/roll-off (ro-ro) vessel that guarantees “Zero Emissions in Port.”

“Zero Emissions in Port” is a Grimaldi Group initiative that falls under its environmental strategy to allow ships to stop at port without using auxiliary engines that produce carbon emissions. The energy demand of onboard activities at port is met using only mega lithium batteries, which are recharged by shaft generators and 600m2 of solar panels.

The new unit, Eco Barcelona, is under construction at China Merchants Jinling Shipyard and will join 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.

Watson Farley & Williams (WFW) advised CaixaBank on the €35m loan.