14 April 2020 – Allowed cruise lines to suspend repayment of debt

This item is sourced from COVID-19 Policy Watch co-ordinated by Policy. We are in the process of gathering further information and aligning taxonomies for these items.

Type of Intervention: Industry interventions
Sectors Involved:
Level of Jurisdiction: National
Lead People/Agency:

Overview: In order to prevent liquidity crises for cruise lines, the governments of Germany, France, Finland, Italy and Norway agreed on principles on how cruise lines can, upon request, suspend for one year the repayment of debts of cruise ships financed with the help of state export credit guarantees.

This is also intended to avoid negative consequences for European shipyards and their suppliers.
Full details here: https://www.bmwi.de/Redaktion/DE/Pressemitteilungen/2020/20200414-bundesregierung-ermoeglicht-keuzfahrtreedereien-befristete-aussetzung-der-tilgung-von-exportkrediten.html