Commission Authorizes Italian State Aid

Friday, July 19, 2002
The Commission has decided to authorize an Italian aid scheme granting an incentive to shipowners for the elimination of single hull tankers over 20 years of age. Strict conditions regarding the promotion of the use of double tankers have been specified in the aid scheme. The Commission welcomes the objective of the proposed aid, which aims at implementing Community maritime safety legislation and achieving higher safety standards in maritime shipping, prior to it becoming mandatory. Italy has notified a draft aid scheme granting an incentive to ship owners for the elimination of single hull tankers over 20 years of age. The Italian legislation goes beyond Community legislation on the phasing-out of single hull tankers. It covers tankers of less than 5 000 dead weight tonnes whose operation is not restricted by current Community rules.Under the proposed scheme, shipowners who demolish old tankers equipped to transport crude oil or oil and chemical products will benefit from a maximum aid of just under 4 million € (7 500 million ITL). During the 6-months investigation procedure the Italian government gave further guarantees that were incorporated into and clarified by the present decision. These guarantees allowed the Commission to come to the conclusion that the aid scheme will provide an important contribution to the protection of the environment and to safer seas.
Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

USCG Galveston Unit Change of Command

A change-of-command ceremony will be held Thursday morning, July 24, to see a Coast Guard lieutenant commander and graduate of Houston's Alief Hastings High School, Lt.

Panama Canal to Celebrate 100 Years

To commemorate its centennial, the Panama Canal will host a series of events August 14-15 in Panama City to highlight the impact of the waterway during the past century.

Statoil, Repsol, ExxonMobil Win Colombian Offshore License

Statoil announced today that it has been awarded interest in the COL4 license offshore Colombia in the Caribbean Sea in the 2014 Colombia Licensing Round, along with Respol and ExxonMobil.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1669 sec (6 req/sec)