EIB backs Fugro's USV technology development with €150 million

The European Investment Bank (EIB) has provided a €150 million loan to Dutch marine geotechnical and geoscience company Fugro. This funding will support the development and expansion of Fugro's uncrewed surface vehicle (USV) technology.

The EIB loan is part of its Innovation Finance Advisory program, aiming to boost innovation and sustainability in the maritime sector.

While this news may not directly impact seafarers' pay or careers, it signals investment in technology that could potentially influence the industry's future and safety.