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

Intervention Categories: Finance policy and financial aid; Stimulus packages and financial support; International relations
Level of Jurisdiction: National

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