Icelandic fishing company Bergur-Huginn has today been issued a loan from Export Credit Norway in connection with delivery of the Vestmannaey stern trawler from Vard’s Aukra facility in Norway. A further five loans, for five identical vessels, will be disbursed to Icelandic shipowners over the coming months.
Export Credit Norway has disbursed a EUR 130 million loan to Hurtigruten AS. The loan will be used to fund the shipping company’s purchase of MS Roald Amundsen.
The wellboat company Sølvtrans became the first recipient of a loan disbursement under Norway’s new officially supported ship financing solution, which aims to make it easier for shipping companies to choose Norwegian shipyards and equipment suppliers.
During Nor-Shipping 2019, Export Credit Norway, GIEK, GIEK Credit Insurance and Innovation Norway will arrange several "MINI-TALKS" at their joint stand no. C04-17.
The highly diverse range of applications received by Export Credit Norway reflects the growing range of industries interested in export financing. The Q1 2019 application total was approximately on a par with preceding quarters.
Are you a potential Norwegian exporter interested in how Export Credit Norway assesses environmental and social conditions in the transactions it finances? If so, this article will be of interest to you.
First ship financing agreement signed
The first loan agreement has been signed under Export Credit Norway’s new ship financing solution, and has played a pivotal role in convincing a Norwegian shipping company to build in Norway, rather than abroad.
Cambi Group AS from Asker has won the Export Award 2019. The company specialises in the treatment and conversion of sewage sludge into useful products like biogas and fertiliser for agricultural use.