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Germans approve €1 billion in maritime aid

The Berlin Government has approved €1 billion in crisis aid over the next two years for new ships and projects in the German maritime sector, reports Germany Correspondent Tom Todd.
The money is coming out of a special €130 billion fund created by the government to offset the effects of corona virus over the next two years. It covers a raft of economic relief measures including those in the transport, shipbuilding and maritime sectors.
Berlin will make available €1 billion to support German ship and shipbuilding projects which begin in 2020 and 2021. It includes federal funding for ship innovation advances, ongoing maritime research and research ship development and for Germany’s on-shore power plant installation programme.
The fund will also be available for work including waterway bank improvements, lock modernisation, the replacement of ships and digital projects.
New on the funding spectrum is a programme being set up to support the development of LNG bunker ships, a fleet renewal programme for mainly smaller vessels serving with government agencies, and what the government describes as a “crash ‘clean ship’ programme now being set up.
Source: www.motorship.com