In a nutshell , our

tool tells a story

about the vessel ´ s

business in a

language that

bankers

understand .

„

CoE : What do you observe in terms of

finance for IWT vessels ?

Olaf : In the InnoWaTr project for Freight

Flow Coalitions ( FFCs ) , we observe there is

limited access to financing options for fleet

modernization , and if so , at higher interest .

CoE : Why do think do banks perceive IWT

as risky ?

Olaf : From the banks ´ perspectives IWT is

an uncommon asset class . The lack of

standardized assessment tools for IWT -

investments makes it difficult for banks to

properly assess them .

Do you have concrete examples ?

There are cases of family - run shipping

companies receiving significantly worse

interest rates compared to road transport

competitors . Or banks reject loan

applications of a Rhine fleet operator for

engine upgrades . In general , refinancing is

particularly difficult for older vessels ( 15 +

years despite proven operational records

How does HHX blue support FFCs ship

owners

As part of the EU Interreg InnoWaTr project

HHX blue is developing a standardized

assessment tool The aim is to assess the

bankability of the vessel A later version of

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We spoke to Olaf Danckwerts of

HHX . blue about business models in

IWT in general and financing for the

sector in particular .