February 2024

The State of UK Shipbuilding in 2024

Government-backed Protection for Lender’s In July 2023 the UK Department for Business and Trade announced its Shipbuilding Credit Guarantee Scheme. The scheme was applauded by UK shipyards, lenders and particularly vessel owners intending to order new builds or undertake refits, retrofits or repairs of existing vessels at UK shipyards. The scheme forms a partial government …

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