Norway’s new offer for ship financing was officially approved by the King in Council on Friday 22 June, and is ready for launch. Shipping companies will now have access to several billion kroner in state financing support for ship purchases.
EXPORT CREDIT NORWAY’S FIRST TRANSACTION IN CHINA
An attractive export financing offer and normalised relations with China are creating new opportunities for Norwegian exporters. Supported by financing from Export Credit Norway and GIEK, the Oslo-based company Alfsen og Gunderson has won a EUR 3 million contract with the Chinese company Anhui Taipingyang Special Mesh Industry Co.
Export Credit Norway registered a strong increase in application inflow in the first quarter of 2018, mirroring higher activity levels in maritime industries and the SME segment.
The Export Award 2018
Airthings from Oslo was declared exporter of the year today. The company develops and manufactures CO2, radon and other harmful gas detectors featuring cutting-edge technology and IoT (Internet of Things) connectivity. “A worthy winner with a large existing export portfolio,” says the jury.
Export Credit Norway’s fourth quarter was marked by positive developments in the industry and environmental technology sector. Although activity levels in the offshore industries remain low, there are weak signs of improvement.
New ship financing scheme: we are now accepting applications
Last autumn, the government proposed an entirely new loan and guarantee scheme for purchases of ships from Norwegian yards for use in Norway. The new ship financing scheme is available for fishing boats, ferries, wellboats, express boats and vessels intended for local shipping, including when these are to be deployed in Norway.