Germany, other EU countries provide COVID-19 liquidity relief to cruise lines

OFFSHORE ENERGY | The move comes as the governments in Germany, Finland, France, Italy, and Norway want to prevent a loss of liquidity among cruise line companies. What is more, the measure is intended to prevent a negative impact on European shipyards and their suppliers. As informed, the governments have agreed on principles that will allow these companies to postpone their repayments of debt that was backed by public-sector export guarantees for a year upon application — “a debt holiday”.

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