Fiskebat has written to the Ministry of Industry and Innovation to request to increase the grant for single engagement

Fiskebat (Fishing Boat) has written to the Norwegian Ministry of Trade and Industry, to request to increase the grant for single engagement.
In a letter to the Ministry, the Fiskebat indicates that it has become more expensive to contract new vessels in recent years. At the same time, the contracting of new vessels is important to achieve the target in relation to greenhouse gas reductions and to secure employment in the shipping industry and other related industries.

The Norwegian Government has an ambition to halve greenhouse gas emissions from domestic shipping and fishing by 2030. 

Fiskebat believes this can be achieved by stimulating zero and low-emission solutions between all vessel categories by the renovation/modernisation of fishing vessels is an important part of this. 

The Norwegian Government has an ambition to halve greenhouse gas emissions from domestic shipping and fishing by 2030. 

Fiskebat believes this can be achieved by stimulating zero and low-emission solutions between all vessel categories by the renovation/modernisation of fishing vessels is an important part of this. 

In order for the Norge fishing fleet to achieve these targets set by the government, Fiskebat says that the government needs to first invest in the fleet. One of the problems is the contracting of new fishing vessels often has significant  additional costs compared to diesel-powered alternatives. Fiskebat says that support schemes are needed in connection with the renewal of the fishing fleet to cover this greater part of the additional costs.

Fiskebat says that Innovation Norway has a part to play as a central and strong player to join commercial banks on new projects to be implemented in the future. In 2015, Innovation Norway upgraded the funding for individual commitments within low-risk loans and Fiskebat is seeking a similar package for the new upgrade.

In a letter to the Ministry, Fiskebat has asked the department to consider an increase in the funding framework for Innovation Norway from a single commitment to MNOK 250 (€21.75m) for the company and MNOK 500 (€43.5m) for the group.

Between 2015 and March 2020, cost trends measured by the producer price index without energy products increased by 9.6%. Examining the sub-industries that are important for building new vessels, the metal/machinery/electronics industry has risen by approximately 25%/13%/8% respectively for the corresponding period. Taken together, this gives extra costs for contracting ships beyond the producer price index without energy products.

You can read the letter from Fiskebat here.

 

Fiskebat requests Government to increase the grant for single engagement

by editor time to read: 6 min
0