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Support for the shipbuilding industry

The Government has increased the guarantee fund for the troubled Norwegian shipbuilding industry by NOK 10 billion, to be used for innovation and for securing jobs in Norway.

– The maritime and offshore industries are important to wealth-creating and employment in Norway, in particular along the coast. These funds will contribute towards innovation, to maintain competence and assist in reorganisation, says Minister of Trade and Industry Trond Giske.

The industry itself sounded the alarm last fall, after the global financial crisis had resulted in empty order books from this summer on.