European Commission launches Ship Financing Portal to boost the maritime sector's green transition

European Commission launches Ship Financing Portal to boost the maritime sector's green transition

European Commission — 2024-07-20

Maritime and Ports

The Ship Financing Portal, designed to improve access to financing for the shipping sector and the wider maritime industry, is now online! 

The platform, launched by the European Commission’s Directorate-General for Mobility and Transport, provides businesses and organisations with a repository of available financial tools needed to drive fleet renewal and retrofitting, enhance efficiency, and reduce environmental impact.

The Portal in a nutshell:

• Consolidated resource: the portal centralises access to a variety of pan-European financing products, simplifying the search for suitable financing opportunities for stakeholders across the maritime sector.
• Current information: it provides up-to-date details on available grants, loans, and other financing products administered by the EU, Member States, and private financial institutions. This ensures that users are informed about the latest financing opportunities.
• Sector-specific solutions: the portal lists financing products relevant for the shipping sector, facilitating the development and deployment of technologies and services to promote shipping decarbonisation. This aligns with the EU's commitment to steer the maritime sector towards a green transition.

The launch of the portal is a further step in supporting the greening of the maritime industry. The portal addresses the lack of available information on financing opportunities.

The European Commission invites all maritime stakeholders, including small and medium-sized businesses, financial institutions, and other organisations to explore the Ship Financing Portal and take advantage of the diverse financing opportunities available. This initiative underscores the EU's dedication to fostering a sustainable and competitive maritime sector.

For more information, please visit the Ship Financing Portal.