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

People & Company News

INTERSCHALT Expands Africa, Asia Service Networks

INTERSCHALT maritime systems AG, the provider of maritime software, services and supplier of Voyage Data Recorders (VDR 4G[e] and s-VDR) has expanded its network

Access to Brazil's Itajai Port to Open as Truck Protest Ends

Protesters have agreed to open access to Brazil's main poultry exporting port of Itajai in Santa Catarina state, the port said on Wednesday, ending a lingering

E-marine Begins Fleet Expansion

E-marine, a provider of submarine cable installation and repair solutions in the Middle East and Sub-Continent region, has unveiled plans to expand its fleet of cable ships in 2015,

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Pipelines Pod Propulsion Port Authority Salvage Ship Repair Sonar
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: 0.3247 sec (3 req/sec)