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04 April 2020 The on-line newspaper devoted to the world of transports 01:16 GMT+2

March 20, 2020

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Assarmatori calls for the shipping companies to be able to access to state-backed loans

Messina: decisions are needed in a short time, protection of businesses, the logistics system, suppliers and thousands of workers in the industry

Assarmatori calls for the shipping companies to be able to access to government-backed loans to cope with the crisis triggered by the coronavirus outbreak. "Government and public administration -- explained the president of the association Italian owner, Stefano Messina - work commendably, institutions, employers' representatives, workers and civil society, to fight ahead all the health emergency and the economic repercussions the consequences of coronavirus, but our industry, for the strategicity of the service it performs, requires action specific: it is necessary to put in place immediately a business-support operation based on a guarantee in favour of the credit system, which will allow for a extension of foster care lines, widening the links of merit possibly placing responsibility on the credit public system in the case of essential logistics and logistics services as in some cases the maritime services operating in the Country for the continuity and maintenance of the Highways sea and connections to the major and smaller islands. This considering, as is now evident -- pointed out Messina - the de facto zeroing of the passenger movement, with reflections heavy ones even on those north-south and for the islands, which continuity of the supply chain goods in the country system.'

According to the President of Assarmatori, "this will have to can also be implemented by clashing with capital parameters imposed by the ECB; If this is not the case, he said, we will be recording measures, full of goodwill, but completely inefficient and ineffective at the very moment when company, very high-intensity invested capital and high employment, are emerging, perhaps for the first time so clearly, like the axis supply of raw materials, resources energy, consumer products, the food industry, a word, of everything that makes the country work."

Assarmatori specified that some banks have already declared its willingness to provide new media companies, but - in the association's view - "today a major system operation is essential primarily involves the state through the system of guarantees or through the issuance of government bonds that allow banks to expand trusts for companies in the shipping and shipping, structuring products with limited underwriters, as the higher amounts of companies will then have to re-enter the banks themselves.'

"It's not the time for discussion -- he cut short Stefano Messina - there is a need for decisions in times to protect the integrity of businesses, the system logistics, of all suppliers and especially of the thousands of working in the industry, who at this time have no sufficient income support elements.'

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