Germany’s federal government has vowed to make about €60 million (about US$78.8 million) available in coming years to promote the maritime shipping sector to “give this industry the planning certainty it needs,” according to Peter Ramsauer, German Minister of Transport.
“I’m also relying on the private foundation ‘Schifffahrtsstandort Deutschland’ to be able to provide additional funding in the near future,” Ramsauer said at the country’s national maritime conference. “If all alliance partners keep their promises, with some [$118.2 million] from the public and private sectors, we will be able to effectively reinforce the maritime industry’s competitiveness.”
Topics at this year’s maritime conference included the extension and upgrade of Kiel Canal in Germany and solutions to the crisis faced by the shipping industry.
“Kiel Canal has been sadly neglected over the past two decades,” Ramsauer said after his inspection of the system of locks in Kiel-Holtenau. “I’m pleased that I was able to fight for the necessary funding for the fifth lock chamber in Brunsbüttel and that the public tender is now underway. The next step is to submit a time schedule and plan of measures for Kiel Canal as a whole.”