norwegian ecafinance giek.pdfalfa laval 34 21 8 12 41 6 17 139 wartsilamoss 1 6 55 20 28 11 121...
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Norwegian ECA financeOctober 2018
05.11.2018 2
AAA - guarantees on behalf of the Norwegian Treasury
CIRR loans funded by the central bank of Norway
The Norwegian Parliament
Minister of Trade and Industry
Flexible export credit system based on strong sovereign rating
05.11.2018 3
Major ECA within ship finance with a focus on high value segments
0 2 4 6 8 10 12 14 16 18
CIT Gro upAlp ha Bank
San tan derNat io nal Ban k o f Gr eece
Co mmo nwea lth Ban k o f Austr aliaPirae us Bank
Swed ban kDBS
Deu tsch e Ban kJap an Ba nk for Inte rna til C o-o per ation
So ciete Gen era lUn icred it
K ore a Dev elo pm ent BankIyo Ban k
HSH Nor db ank (Co re ban k)Bank of America M er ril Lyn ch
Dan ich Ship Fin an ceStan da rd and C har tere dICBC (exclu ding lea sing)
HSBCDan ske Bank
SEBING
Ch in a Develop men t Ban kSM BC
Citiban kGIEK (Gu aran tee exp osure )
SUM I TRUSTCr edit Suisse
BTMUABN Amr o
DVBNo rde a
No rd LB/Breme rCr edit Agrico le CIB
K ore an EximDn BK fW
BNP Par ib asCh in a Exim
Bank of Ch in a
BANK LENDING TO SHIPPING AS OF END 2017, $BN
OIL & GASDRILLING/PRODUCTION
OFFSHORESERVICE
CRUISE AND FERRIES
SHIPPINGFISHING VESSELS
GIEK MARITIME PORTFOLIO OCT. 2018, $BN 11.2
3,0
6,0
1,7
0,40,2
05.11.2018 4
NEW VESSELS PARTS OF SHIPS RETROFIT
Ships built in Norway for foreign or Norwegian owners
Ships built at Norwegian owned yard outside Norway
For Norwegian maritime equipment in ships built outside Norway
Scrubber finance new buildings
Norwegian retrofit maritime equipment (scrubbers, ballast water)
Maximum finance up to 85% with up to 5 year linear repayment
Credit Frame Agreements
Maximum finance up to 80% of the Norwegian ship equipment contract
Up to 12 year linear repayment
Maximum finance up to 80% of the Norwegian ship building contract
Up to 12 year linear repayment
Three types of GIEK participation in ship finance
WORLD SCRUBBER ORDERBOOK BY SUPPLIER, OCT. 2018
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Several large Norwegian scrubber producers create the basis for GIEK supported retrofit finance
Tankers Dry bulk Container Passenger RoPax/RoRo Gas Others Total
Alfa Laval 34 21 8 12 41 6 17 139
Wartsila Moss 1 6 55 20 28 11 121
PANASIA 28 20 14 4 66
Ecospray 58 4 62
Feen Marine Scrub 59 1 60
Langh Tech 19 18 3 2 5 47
Clean Marine 36 1 2 4 43
Weihai Puyi 2 2 25 29
Yara Marine Tech 4 21 2 3 29
ME Production 7 2 1 14 2 26
Valmet 1 8 1 10 20
CR Ocean Eng 4 1 10 5 20
Hyundai Materials 2 13 4 19
Pacific Green Tech 13 4 17
Pure Ocean Tech 2 8 3 2 15
DuPont 8 2 1 1 12
Hyundai HI Group 8 8
Kangrim 2 6 8
Hamworthy 1 1 2 3 7
AEC Maritime 1 6 7
DeltaLangh 1 5 6
Saacke 6 6
Mitsubishi 1 2 3
Couple Systems 1 2 3
Ionada 1 1 2
Other/Unknown 173 315 149 27 19 22 26 731
Total 390 434 273 169 125 50 66 1 507
Source: Clarkson Oct. 2018
Contact information:
Anders Gerlach Nielsen – Shipping, Offshore Project & Yards
+ 47 466 22 191