NEXI has decided to provide Buyer’s Credit Insurance for loans to a Singaporean subsidiary of Wallenius Lines AB, a major shipping company in Sweden, for purchase of two RORO ships built by Mitsubishi Heavy Industries, Ltd. The loan Agreement was signed on September 30. 

 The loans will be provided by Japan Bank for International Corporation (JBIC), the Bank of Tokyo-Mitsubishi UFJ, Ltd (BTMU), and BNP Paribas, Tokyo Branch (BNP). NEXI’s Insurance will cover the loans provided by BTMU and BNP.

 With the financial market remaining tight, NEXI will provide support for exports of ships by Japanese shipbuilding companies with a reputation of high-quality technology.

RORO Ships
Roll-on/Roll-off (RORO) ships have built-in ramps and are designed to carry wheeled cargo such as automobiles, trucks, trailers or railroad cars that are driven on and off the ships on their own wheels.

 The　two　ships　will　be　built　as　the　world's　largest　RORO　ships　with　economically　and　environmentally　friendly features including ballast water management system.

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