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.
HOW TO APPLY
Export Credit Norway is constantly seeking to improve its services for Norwegian exporters and their customers. As part of streamlining our procedures, we have revised how we process loan applications.
Export Credit Norway Q3 2017
Export Credit Norway’s third quarter was marked by lower disbursements, primarily due to reduced offshore activity. However, the company is successfully realising export agreements in new market segments.
Financing fishing boats, ferries, wellboats and express boats
Export Credit Norway anticipates further industry reorientation once a new and longed-for statutory amendment takes effect next year.
13-15 September, GIEK and Export Credit Norway invited environmental and social rights experts, from the practitioners of the OECD Working Party on Export Credits and Credit Guarantees, to Svalbard to discussions on the conditions in the Arctic.