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, according to the European Commission’s release.

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.

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.

The portal lists financing products relevant for the shipping sector, facilitating the development and deployment of technologies and services to promote shipping decarbonisation.

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.

Source: Port News