
Germany Opens Guarantee Scheme to Shipyards
Germany has added shipbuilding to its Large-Scale Guarantee Program, allowing shipyards to seek state-backed support for major orders and easing pressure on upfront financing for large vessel construction.

Germany has added shipbuilding to its Large-Scale Guarantee Program, allowing shipyards to seek state-backed support for major orders and easing pressure on upfront financing for large vessel construction.

Meyer Werft has secured a €10 billion ($11.7 billion) multi-ship order from MSC Cruises that will keep its Papenburg yard at full capacity until 2035, following last year’s state-backed rescue.
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