Subscribe to our Mailing Lists (It's free!)
Thursday, June 26, 2025
SAFETY4SEA
  • Home
  • Safety
    • All
    • Accidents
    • Alerts
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
    India

    Indian stakeholders warn ship retirement rule may cut 20,000 jobs

    Britannia: Follow safety protocols carefully

    Britannia: Follow safety protocols carefully

    Netherlands

    Fire breaks out aboard inland cargo vessel in the Netherlands

    seafarers

    Regulatory focus: New STCW requirements effective from 2026

  • SEAFiT
    • All
    • Intellectual
    • Mental
    • Physical
    • Social
    • Spiritual
    Book Review: Building leaders the MMMA way

    Book Review: Feel grounded and think positive in 10 simple steps

    time

    Stay SEAFiT: Time is non-renewable – invest it wisely

    public speaking

    8 Key rules of Public Speaking

    social media

    Mindfulness and social media: M.I.N.D. your media

  • Green
    • All
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
    hydrogen norway

    New green hydrogen facility in Norway aims to launch in 2028

    green shipping recycling

    BIMCO: 16,000 ships could be recycled over the next 10 years

    towngas

    Towngas signs green methanol agreements

    shanghai port

    Shanghai completes world’s fist STS transfer of liquid carbon

  • Smart
    • All
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
    iaph cyber security

    IAPH releases cyber security guidelines for new port technologies

    germany latvia

    Latvia and Germany collaborate on smart port initiative

    imo autonomous shipping

    IMO in talks over autonomous shipping ahead of MSC 110

    germany latvia

    Smart vessel embarks on its first journey in China

  • Risk
    • All
    • CIC
    • Detentions
    • Fines
    • PSC Focus
    • Vetting
    oil theft nigeria

    Nigeria arrests 76 ships during two-year oil theft crackdown

    paris mou

    M/V Goldy Seven refused access to the Paris MoU

    detention

    Kerala High Court detains vessel in connection to previous incident

    ai remote inspections

    BV develops AI took to advance remote inspections

  • Others
    • All
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Shipping
    • Sustainability
    • Videos
    US Iran

    US contemplates easing sanctions against Iran to aid recovery

    USA

    Veson Nautical: US boasts 4th largest fleet valued at USD 116.5 bn

    ETF ocean pact

    ETF: Ensure ocean workers are not just consulted but involved

    container ship

    BIMCO Container Outlook: Stable demand despite uncertainties

  • Columns
    fuels

    VPS: Effect of FAME contamination on engine oils

    strait of Hormuz

    Could the Strait of Hormuz close amid an Iran–Israel war?

    LR: Good data is a crucial foundation for improving safety

    ABS Consulting: Make cyber risk part of the daily safety conversation

    Trending Tags

    • Anchor Your Health
    • Book Review
    • Career Paths
    • Human Performance
    • Industry Voices
    • Interviews
    • Maripedia
    • Maritime History
    • Regulatory Update
    • Resilience
    • Seafarers Stories
    • SeaSense
    • Training & Development
    • Wellness Corner
    • Wellness Tips
  • Events
  • Plus
No Result
View All Result
  • Home
  • Safety
    • All
    • Accidents
    • Alerts
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
    India

    Indian stakeholders warn ship retirement rule may cut 20,000 jobs

    Britannia: Follow safety protocols carefully

    Britannia: Follow safety protocols carefully

    Netherlands

    Fire breaks out aboard inland cargo vessel in the Netherlands

    seafarers

    Regulatory focus: New STCW requirements effective from 2026

  • SEAFiT
    • All
    • Intellectual
    • Mental
    • Physical
    • Social
    • Spiritual
    Book Review: Building leaders the MMMA way

    Book Review: Feel grounded and think positive in 10 simple steps

    time

    Stay SEAFiT: Time is non-renewable – invest it wisely

    public speaking

    8 Key rules of Public Speaking

    social media

    Mindfulness and social media: M.I.N.D. your media

  • Green
    • All
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
    hydrogen norway

    New green hydrogen facility in Norway aims to launch in 2028

    green shipping recycling

    BIMCO: 16,000 ships could be recycled over the next 10 years

    towngas

    Towngas signs green methanol agreements

    shanghai port

    Shanghai completes world’s fist STS transfer of liquid carbon

  • Smart
    • All
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
    iaph cyber security

    IAPH releases cyber security guidelines for new port technologies

    germany latvia

    Latvia and Germany collaborate on smart port initiative

    imo autonomous shipping

    IMO in talks over autonomous shipping ahead of MSC 110

    germany latvia

    Smart vessel embarks on its first journey in China

  • Risk
    • All
    • CIC
    • Detentions
    • Fines
    • PSC Focus
    • Vetting
    oil theft nigeria

    Nigeria arrests 76 ships during two-year oil theft crackdown

    paris mou

    M/V Goldy Seven refused access to the Paris MoU

    detention

    Kerala High Court detains vessel in connection to previous incident

    ai remote inspections

    BV develops AI took to advance remote inspections

  • Others
    • All
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Shipping
    • Sustainability
    • Videos
    US Iran

    US contemplates easing sanctions against Iran to aid recovery

    USA

    Veson Nautical: US boasts 4th largest fleet valued at USD 116.5 bn

    ETF ocean pact

    ETF: Ensure ocean workers are not just consulted but involved

    container ship

    BIMCO Container Outlook: Stable demand despite uncertainties

  • Columns
    fuels

    VPS: Effect of FAME contamination on engine oils

    strait of Hormuz

    Could the Strait of Hormuz close amid an Iran–Israel war?

    LR: Good data is a crucial foundation for improving safety

    ABS Consulting: Make cyber risk part of the daily safety conversation

    Trending Tags

    • Anchor Your Health
    • Book Review
    • Career Paths
    • Human Performance
    • Industry Voices
    • Interviews
    • Maripedia
    • Maritime History
    • Regulatory Update
    • Resilience
    • Seafarers Stories
    • SeaSense
    • Training & Development
    • Wellness Corner
    • Wellness Tips
  • Events
  • Plus
No Result
View All Result
SAFETY4SEA

Germany and EU countries provide COVID-19 liquidity relief to cruise lines

by The Editorial Team
April 16, 2020
in Shipping
cruise to nowhere

Above image is used for illustration purposes only / Credit: AIDA Cruises

FacebookTwitterEmailLinkedin

Germany’s Federal Ministry for Economic Affairs and Energy (BMWi) reported that Germany, along with other European countries, will allow cruise lines to pause their repayments of export credit guarantees for one year.

This decision was launched as the governments in Germany, Finland, France, Italy, and Norway want to prevent a loss of liquidity among cruise line companies, and also avoid a negative impact on European shipyards and their suppliers.

In reference to the agreement, Federal Government Maritime Coordinator Norbert Brackmann stated that

We are easing the pressure on cruise lines’ liquidity and thereby helping to stabilise the long-term business relations entertained by European shipyards during this crisis. There was an urgent need for this, given that the cruise business has been virtually paused by the coronavirus pandemic.

The Governments agreed on principles to follow that will enable cruise companies to postpone their repayments of debt that was backed by public-sector export guarantees for a year upon application. In Germany alone, some €25 billion worth of financing for cruise ships built in Germany is currently protected in this way.

RelatedNews

BSU Annual Report 2024: 131 marine casualties in 2024

ABS Consulting: Make cyber risk part of the daily safety conversation

The cruise industry has been already severely affected by the COVID-19 pandemic, with many cruise companies halting operations until further notice. Thus, in mid-March, the Cruise Lines International Association submitted a proposal to Vice President Michael Pence giving emphasis on preventing, detecting and caring during the coronavirus outbreak, including travel restriction to travelers of a certain age and those with chronic health issues.

Also, CLIA recently updated its measures against the disease. Specifically, the updated changes have already come into effect, in order to fight the negative impacts that coronavirus brings upon the human health and the cruise industry.

Concluding,  BWMi informs that “Cruise line companies that wish to apply for a debt holiday can now turn to the relevant export credit agency via their ECA agents.”

Germany and EU countries provide COVID-19 liquidity relief to cruise linesGermany and EU countries provide COVID-19 liquidity relief to cruise lines
Germany and EU countries provide COVID-19 liquidity relief to cruise linesGermany and EU countries provide COVID-19 liquidity relief to cruise lines
Tags: COVID-19cruise shipsEUGermany
Previous Post

Piracy in Asia reaches a three-fold rise during Q1, 2020

Next Post

MPA Singapore, IMDA inform of seafarers’ certification during COVID-19

Related News

germany latvia
Ports

Latvia and Germany collaborate on smart port initiative

June 23, 2025
Mittelland Canal
Accidents

Passenger ship and freighter collide on Mittelland Canal

June 23, 2025
eu
Emissions

IMCA: Marine contractors are crucial for EU’s energy plans

June 19, 2025
eu russia sanctions
Shipping

EU plans to phase out Russian gas and oil imports by 2027

June 18, 2025
Commissioner shipping
Green Shipping

EU Commissioner for Transport outlines shipping strategy

June 17, 2025
Mittelland Canal
Accidents

Inland freighter leak triggers emergency response in Germany

June 17, 2025

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Explore more

No Result
View All Result
MARITIME EVENTS

Explore

  • Safety
  • SEAFiT
  • Green
  • Smart
  • Risk
  • Others
  • SAFETY4SEA Events
  • SAFETY4SEA Plus Subscription

Useful Links

  • About
  • Disclaimer
  • Editorial Policies
  • Advertising
  • Content Marketing
  • Contact

© 2025 SAFETY4SEA

No Result
View All Result
  • Safety
    • Accidents
    • Alerts
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
  • SEAFiT
    • Intellectual
    • Mental
    • Physical
    • Social
    • Spiritual
  • Green
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
  • Smart
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
  • Risk
    • CIC
    • Detentions
    • Fines
    • PSC Case Studies
    • PSC Focus
    • Vetting
  • Others
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Shipping
    • Sustainability
    • Videos
  • Columns
    • Anchor Your Health
    • Book Review
    • Career Paths
    • Human Performance
    • Industry Voices
    • Interviews
    • Maripedia
    • Maritime History
    • Opinions
    • Regulatory Update
    • Resilience
    • Seafarers Stories
    • SeaSense
    • Tip of the day
    • Training & Development
    • Wellness Corner
    • Wellness Tips
  • SAFETY4SEA Events
  • SAFETY4SEA Plus Subscription

© 2025 SAFETY4SEA

Manage your privacy
We use technologies like cookies to store and/or access device information. We do this to improve browsing experience and to show (non-) personalized ads. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
Manage options
{title} {title} {title}
No Result
View All Result
  • Safety
    • Accidents
    • Alerts
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
  • SEAFiT
    • Intellectual
    • Mental
    • Physical
    • Social
    • Spiritual
  • Green
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
  • Smart
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
  • Risk
    • CIC
    • Detentions
    • Fines
    • PSC Case Studies
    • PSC Focus
    • Vetting
  • Others
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Shipping
    • Sustainability
    • Videos
  • Columns
    • Anchor Your Health
    • Book Review
    • Career Paths
    • Human Performance
    • Industry Voices
    • Interviews
    • Maripedia
    • Maritime History
    • Opinions
    • Regulatory Update
    • Resilience
    • Seafarers Stories
    • SeaSense
    • Tip of the day
    • Training & Development
    • Wellness Corner
    • Wellness Tips
  • SAFETY4SEA Events
  • SAFETY4SEA Plus Subscription

© 2025 SAFETY4SEA