Commission Initiates Investigation of Proposed Italian State Aid

Friday, December 21, 2001
The Commission has decided to initiate the formal investigation procedure(1) of a draft Italian aid scheme granting an incentive to shipowners for the elimination of single hull tankers over 20 years of age. 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. However, further clarification of the notified scheme's guarantees in terms of protection of the environment and re-investment conditions is needed.

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. Under the proposed scheme, shipowners who demolish old tankers equipped to transport crude oil or oil and chemical products would benefit from a maximum aid of just under 4 million € (7 500 million ITL). The proposed aid measure may benefit from a derogation under the Treaty and may be authorized if the positive impact on the environment does not unduly distort competition. Clarifications are however sought concerning the scheme's compatibility with Community guidelines or with established practices on environmental protection and safety. While recognizing the objectives of the proposed scheme, which indeed goes further than Community legislation requires, by encompassing a broader category of ships(2), the Commission is concerned that in its present form the lack of clear restrictions on reinvestments, for example on certain categories of single hull tankers, might lead to negative environmental side-effects or unduly distort competition.

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

Finance

FVF Chenega Completes Sea Trials with MTU Engines

Over the past several months, FVF Chenega, a high-speed car ferry in the Alaska Marine Highway System (AMHS) fleet, was repowered with four new MTU Series 4000 engines.

India to Sign Port Deal with Iran

India to build port in Iran to get more trade with CIS and Gulf India will push ahead this week with plans to build a port in southeast Iran, two sources said,

XPO Acquires Port Trucker Bridge Terminal

XPO Logistics has made a deal to acquire Bridge Terminal Transport (BTT) Services, one of the largest motor carriers serving ports and intermodal facilities in the United States, for $100 million.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Navigation Port Authority Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
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: 0.3631 sec (3 req/sec)