EU Court Rules in Favor of Kvaerner

Thursday, February 28, 2002
The Court of First Instance, has today ruled in the case concerning alleged breach of capacity restrictions at Kvaerner's German shipyard, Kvaerner Warnow Werft. The group has been informed that the Court has ruled in favor of Kvaerner. The Court has set aside the EU commission's decision that Kvaerner should repay DEM 117 million. Kvaerner paid and accounted for this amount in 2000. The Court's decision can be appealed within two months. Although Kvaerner has not yet seen the details of the Court's decision, Kvaerner's preliminary understanding is that the amount will be repaid. In addition to this case, the EU commission has not yet finalized its assessment of whether Kvaerner should partly repay subsidies received in connection with loss-making shipbuilding contracts when Kvaerner took over the yard 10 years ago. Kvaerner is of the opinion that such repayment cannot be justified.
Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Legal

Deadliest Weekend Ever in the Mediterranean: UNHCR

More than 700 people fleeing Africa and the Middle East may have drowned in shipwrecks in the Mediterranean over the last week, bringing the death toll this year to almost 3,

Seaspan Agreement with GCII & Blue Water

Seaspan Corporation announced today that it has entered into an agreement with Greater China Intermodal Investments LLC and Blue Water Commerce, LLC to extend

Deal to End Lockout at Canada Uranium Mine

Canadian uranium producer Cameco Corp and the United Steelworkers union, which represents 535 workers at the world's largest uranium mine and a nearby mill,

Education/Training

Maritime Academy Awarded DHS Grant for Arctic Training

Maine Maritime Academy receives $450,000 grant From U.S. Department of Homeland Security for ice navigation and maritime first responder courses for the Arctic Maine

SUNY Maritime Grads Start at Higher Salary: PayScale

What do SUNY Maritime College graduates have that Princeton, Harvard, Yale, and Columbia graduates don’t have?  Higher starting annual salaries; that’s what, answers SUNY.

MN 100: Resolve Marine Group

1510 SE 17th Street, Suite 400 Fort Lauderdale, Fl 33316 Tel: (954) 764-8700  Email: info@resolvemarine.com Website: www.resolvemarine.com President & CEO: Joseph Farrell, Jr.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Offshore Oil Pipelines Port Authority Salvage Ship Electronics Sonar Winch
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: 0.0767 sec (13 req/sec)