Ship&Offshore | Issue GreenTech/2017
Norwegians to finance retrofits
Export Credit Norway | Following the ratifications of ballast water and sulphur limit treaties, Government-owned Export Credit Norway offers financing to international vessel owners who purchase retrofit equipment from Norwegian suppliers. Export Credit Norway recently announced that it has assembled a specialised team and tailor-made financing solutions to support vessel owners who need to retrofit equipment such as exhaust gas cleaning systems, ballast water treatment systems and new coating solutions. “Money is tight and access to reasonably priced capital is a challenge for many players in the international shipping and maritime industries at the moment. Hence, attractive financing of retrofit equipment could make the investment less demanding for many vessel owners,” said Olav Einar Rygg, Export Credit Norway’s director of Lending, Ocean Industries.