KiwiRail officially cancelled the contract for new RoPax Rail Ferries

Hyundai Mipo Dockyard has officially announced in a statement [in Korean] on 13 February 2024, that the contract to build two RoPax train ferries was cancelled at KiwiRail’s request. The shipbuilder says it will see a claim for design costs as part of its negotiations. This cancellation follows the...

https://ferryshippingnews.com/kiwirail-officially-cancelled-the-contract-for-new-ropax-rail-ferries/

New Zealand’s KiwiRail terminates ferry contract with South Korean shipyard

New Zealand transport company KiwiRail has started discussions with South Korea’s Hyundai Mipo Dockyard (HMD) to enter a termination agreement for the contract for the build of two new Ro-Pax ferries. KiwiRail said this follows the New Zealand Government’s decision last year not to provide further...

https://www.bairdmaritime.com/work-boat-world/passenger-vessel-world/ro-pax/new-zealands-kiwirail-terminates-ferry-contract-with-south-korean-shipyard/

KiwiRail: outstanding website explains the new ship and port projects

KiwiRail has ordered two brand-new, bigger, hybrid ferries. (see Ferry Shipping News 1 July 2021) An outstanding public website explains all details and answers a lot of questions. Kiwirail also started a consultation for the upgrading of the Wellington / Kaiwharawhara Interislander ferry terminal....

https://ferryshippingnews.com/kiwirail-outstanding-website-explains-the-new-ship-and-port-projects/

HFW advising KiwiRail on shipping industry’s first climate bond initiative-certified finance

HFW advising KiwiRail on shipping industry’s first climate bond initiative-certified finance

HFW is advising KiwiRail on a secured NZ$350m pre- and post-delivery loan facility for its purchase of two newbuilding Interislander rail-enabled ferries to be constructed in Korea.

It is the world’s first shipping loan to be certified by the Climate Bond Initiative.

The facility is provided by Westpac NZ (Facility Agent), Société Générale (Green Loan Coordinator), Bank of America, and National Australia...

https://allaboutshipping.co.uk/2021/10/01/hfw-advising-kiwirail-on-shipping-industrys-first-climate-bond-initiative-certified-finance/

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