Royal Arctic Line (RAL) has signed up for a quintet of newbuildings at two related German shipyards.
The Greenland-based owner has penned the orders for specialised ice-classed vessels with shipbuilder P+S Werften.
News of the order came to light after KfW IPEX-Bank announced that it is to provide financing for the orders at the German’s Stralsund and Wolgast facilities.
The total financing volume is EUR 72m ($98.14m),
