French to get EC Funds to Upgrade Fleet

Thursday, September 09, 2004
The European Commission authorized a French aid scheme to promote inland waterway transport.

The Commission agreed to a French aid scheme for inland waterway transport.

This scheme will be in force during the period 2004-2007 with a budget of between €14.5 and €15 million per annum. The aim of this new scheme is to encourage the development of inland waterway transport in France through fleet modernisation and by promoting the occupation of inland waterway carrier. Any inland waterway freight carrier operating in France is potentially eligible for this aid.

The scheme takes over the inland waterway transport aid plan for the period 2001-2003.[1] The new scheme also proposes new aid designed to take better account of current market conditions.

The aid plan is in two main parts. The first part is aimed at modernising the fleet and improving its capacity for carrying specific goods in order to meet the needs of shipping agents and industry while improving its environmental quality. Improving the general technical features of vessels should make it possible to save energy and reduce pollution. The aid will also cover targeted research and development projects to meet an explicit demand and investment in new information and communication technologies.

The second part concerns the promotion and renewal of the occupation of inland waterway carrier through aid for continuous training and aid for the transfer of French vessels to young buyers.

It is proposed that when freight vessels are sold to buyers under 35 years of age, new entrants, or wage-earners setting up their own businesses, aid not exceeding €43/DWT should be paid if the selling price does not exceed €152/DWT. The aid will also be capped at 30% of the total price and at €46 000.

The Commission took the view that this aid is compatible with the competition rules.

Maritime Today

The Maritime Industry's original and most viewed E-News Service

Maritime Reporter October 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds


VT Halter Launches Barge for Bouchard

VT Halter Marine, Inc. (VT Halter Marine), a company of Vision Technologies Systems, Inc. (VT Systems) and Bouchard Transportation Co. announced that Barge B. No.

Fugro to Survey off Equatorial Guinea

Fugro has been awarded a contract by Ophir Equatorial Guinea (Block R) Limited for the provision of survey services for the development of large scale assets and

Thyssenkrupp Bids for Australian Sub Contract

German industrial group Thyssenkrupp has submitted an offer to the Australian government for a contract to build stealth submarines potentially worth tens of billions of euros,


NY/NJ Port Authority Sees Debt Issuance of $1.2 bln in 2016

The Port Authority of New York and New Jersey sees consolidated debt issuance of $1.2 bln in 2016 compared with $1.5 bln this year, according to its $7.9 billion 2016 budget released on Monday.

Opportunities for Growth as Chinese Economy Evolves

The global breakbulk and heavy-lift markets have had to navigate choppy waters in recent years.   Not necessarily due to a shortage of freight, but as a consequence of unsustainably low freight rates.

EuronavSells Suexmax Cap Laurent

Euronav NV announced the sale of its Suezmax Cap Laurent for $22.25 million. The 1998-built 146,145-dwt vessel was wholly owned by Euronav.    The vessel was

Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Offshore Oil Pipelines Pod Propulsion Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0790 sec (13 req/sec)