Statoil and Hydro have today, May 3, 2007, received clearance from the European Commission for the announced merger between Norsk Hydro ASA's petroleum activities and Statoil ASA. The European Commission has declared that the merger is compatible with the common market pursuant to Article 6(1)(b) of the EC Merger Regulation. The clearance represents a major step forward for Statoil and Hydro in order to complete the planned merger. Merger clearances are still in the process of being obtained in other jurisdictions as required by applicable laws.
The European Commission (EC) issued a Press Release
Risk assessment for LNG imports to UK's Port of Milford Haven demanded by European Commission in response to long-term public prompting There has been a further twist in the long-running saga over the safety of shipping Liquefied Natural Gas (LNG) into the Milford Haven waterway, reports the 'Western Telegraph'. Recently the European Commission issued a formal notice over ‘failure to comply with safety rules’.
In an apparent flexing of newfound muscles, the European Union is picking another trade fight with the United States, threatening to file a World Trade Organization complaint against the U.S. over fees on cargo ships at U.S. ports, increasing tensions between the two trading giants. In a letter released last Tuesday, European Commission vice president Leon Brittan said harbor fees proposed by the Clinton administration, like those they would replace
An agreement has been reached between the European Union and China on its participation in the GALILEO program. This agreement was initialled in Beijing on September 18 by F. Lamoureux, Director-General of Energy and Transport at the European Commission, and M Shi Dinghuan, Secretary General of China's Ministry of Science and Technology. “China will help GALILEO to become the major world infrastructure for the growing market for location services,” said Loyola de Palacio
European Commission adopts two new proposals on maritime labour standards Two new proposals adopted by the European Commission are set to bring the European Union into line with enforcements and compliance rules foreseen by the Maritime Labour Convention (MLC) 2006. The MLC provides the world’s more than 1.2 million seafarers with rights and protection at work. The proposals for two new directives clarify flag and port states’ responsibilities to ensure that maritime labour
The European Commission (EC) has stated that unannounced inspections were carried out at the premises of a number of operators of deep sea maritime tanker services in several European Economic Area (EEA) countries. EEA countries include the 15 European Union states, plus Norway, Iceland, and Liechtenstein. The purpose of the inspections was to ascertain whether there is evidence of a cartel agreement and related illegal practices.
The European Commission has authorized the proposed acquisition of the German submarine producer Howaldtswerke-Deutsche Werft (HDW) by the American banking company, Bank One Corporation. The Commission's investigation confirmed that the operation will not create anti-competitive effects, as the transaction will not result in any overlaps between the parties' activities in the European Union. The Commission's careful investigation has also failed to establish any links between Bank One and any
Kvaerner ASA Chairman Christian Bjelland reportedly he won't seek re-election because of conflict between the Norwegian maker of equipment for the energy industry and Aker Maritime ASA, its major shareholder and a rival, Reuters reported. Aker, controlled by Kjell Inge Roekke, bought options in July to purchase 26.7 percent of Kvaerner. Aker scaled back its plan to take control of Kvaerner in December after the European Commission agreed to drop a probe into the purchase.
The European Commission (EC) issued a Press Release stating that it has issued revised guidelines regarding state aid to maritime transport. The guidelines emphasize its support of various maritime programs, including short sea shipping and certain tax exemptions for seafarers. Source: HK Law
2H Offshore, an Acteon company, has joined an international European consortium comprising nineteen industry and research organizations to develop deepwater mining solutions. Over the next four years, the European Commission funded project, known as Blue Mining
It would be possible for barges to fill up with LNG at a permanent bunkering station in the port of Antwerp by the beginning of 2016. Truck-to-ship bunkering is already possible, but by setting up a bunkering station the port of Antwerp aims to make LNG permanently available.
The International Chamber of Shipping (ICS) has submitted comments on behalf of the global shipping industry to a comprehensive competition policy review being conducted by the Australian Government. The ICS comments support the maintenance of important antitrust exemptions that currently apply to
The European Commission informs that a new global era for maritime transport will dawn in June 2015 when it will unveil harmonised e-reporting for all vessels entering in or departing from EU ports. Vessels will provide required information electronically via one single entry point – the
A move by the European Union to impose duties on carbon-intensive imports would scupper the chances of striking a global agreement to tackle climate change next year, the bloc's top climate official said on Thursday. European leaders have agreed to decide by October whether to set a 2030 goal
French Prime Minister Manuel Valls said on Wednesday he would take steps "within hours" to end blockades of ports in Marseille and Corsica by workers of the SNCM ferry operator, who are striking over the firm's restructuring plans.
The European Commission informs it has taken a further step towards more effective and cost-efficient surveillance of European Seas. By bringing together surveillance data from civil and military authorities duplication of work can be avoided and savings of up to €400 million per year may be
Workers at France-Corsica ferry operator SNCM must end their strike and let the troubled company undergo a restructuring to secure its future, Prime Minister Manuel Valls said on Tuesday. Loss-making SNCM, whose unions have been on strike since June 24
European Commission extends validity of special competition regime for liner shipping consortia until April 2020 The European Commission has extended by another five years until April 2020 the validity of the existing legal framework exempting, if certain conditions are met
An attempt by the UK’s Chamber of Shipping last week to persuade the British government that the industry needed more time to comply with new sulphur emission limits entering force on 1 January next year received short shrift from the shipping minister
Finland and Estonia will have to return to the drawing board with a joint gas terminal project after the European Commission said a proposed two-terminal model would not be eligible for subsidies, the Finnish government said. Estonia and Finland proposed in February to build two new liquefied
A.P. Moller-Maersk said on Tuesday it had abandoned a planned ship pooling network after China's Ministry of Commerce surprisingly announced it had not approved it. Maersk shares were down 6.2 percent at 1100 GMT compared with a 0.7 percent fall in the Danish benchmark index .
The P3 Network will not be implemented following decision by the Ministry of Commerce (MOFCOM) in China Today, the Ministry of Commerce (MOFCOM) in China announced that they have not given their approval to the P3 Network. On March 24, 2014, the U.S
Gazprom filed a lawsuit in Stockholm International Arbitration Court seeking to recover USD 4.5 billion in debt from Naftogaz of Ukraine due to the company's non-compliance with obligations under Contract No. ?? dated January 19, 2009 for natural gas purchase and sale between 2009 and 2019
European Union regulators are examining a complaint by ferry group Scandlines accusing Danish authorities of giving billions of euros in illegal state subsidies to state-owned builder Femern A/S to build a tunnel between Denmark and Germany.