SPACER SPACER SPACER SPACER SPACER SPACER
MARINE LOG MAGAZINESave the dates!
SPACER SPACER SPACER SPACER SPACER SPACER
CURRENT ISSUE

BEATING THE PIRATES
What's the best way for a shipowner to avoid having a ship hijacked by pirates?

Reroute the ship even if it means a huge diversion
Stay within recommended safe limits and patrolled areas
Hire an on-board security team
Just hope for the best

November 23, 2008

Norway to boost shipbuilding loan guarantee funding to more than $1 billion

The Norwegian Government unveiled a package of measures on Sunday intended to boost export-created jobs by boosting Guarantee Institute for Export Credit (GEIK) by up to NOK 50 billion (about $7 billion) to NOK 110 billion (about $15.3). The government proposes to expand the system of guarantees for building ships to NOK 8 billion (about $1.1 billion), from the current frame of NOK 5 billion (about $698 million). The shipbuilding guarantees covering loans for shipyards for construction or modification of a ship in Norway. The Government also intends to boost the Innovation Norway loan program from NOK 1 billion (about $140 million) to NOK 1.5 billion (about $210mbillion). It says proposals will go the Parliament on November 28 and that the expanded programs will be in place for both 2008 and 2009.

(If your Norwegian is up to it, you can read Sunday's announcement HERE).

marine log logo

FREE MARINE INDUSTRY INFORMATION

CASTROL MARINE

EVAC

DNV LOGO