Italy's Grimaldi Group has fixed finance worth €35m ($42.5m) for the second of a new batch of ro-ro vessels ordered in China.

Global law firm Watson Farley & Williams (WFW) advised Spanish lender CaixaBank on the deal with Grimaldi Euromed.

The cash will fund the 7,800-lane-metre Eco Barcelona, due for delivery from China Merchants Jinling Shipyard in January.