Independent journal on economy and transport policy
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Agreement between France, Finland, Germany, Italy and Norway so that cruise companies can suspend the repayment of loans for the construction of the new ships
The aim is that the health emergency crisis will not also have a negative effect on European shipyards and their suppliers
April 14, 2020
"The agreement now reached with European partners - Explained Brackmann - provides help to the maritime economy of the Germany and its suppliers. In the current crisis we provide support for the liquidity of companies cruises and thus establish trade relations European shipyards in the long term. This was essential as the cruise industry has almost completely stopped due to the coronavirus pandemic."
Brackmann pointed out that the crisis runs the risk of cancelling orders for the construction of the new ships and investment in new construction come from companies postponed cruises due to a lack of liquidity. The coordinator for the maritime industry of the Berlin government has recalled that Germany alone is currently guaranteeing funding for the construction of cruise ships built by German shipyards totalling about 25 billions of euros.
"The measures taken," Brackmann said, "serve to safeguarding thousands of shipbuilding jobs European Union and the countless suppliers. At the same time, we are reducing risk of government financial support failing ship construction.'
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