Germany's KfW IPEX-Bank has granted a €40m ($48m) loan to Finnlines to finance one of its three hybrid ro-ro vessels.

The 60,370-gt ship is one of three ships ordered in 2018 at China's Nanjing Jinling Shipyard for a total of around €200m.

The first of the trio is scheduled for delivery in November 2021, with the others following by the end of 2022.