EU Launches New Kvaerner Shipyard Aid Probe

Friday, January 28, 2000
The European Commission is expected to start a probe into state aid to a German subsidiary of Anglo-Norwegian engineering and shipbuilding group Kvaerner Plc. The Commission suspects that the company may have received excessive subsidies of around $60.06 million to cover future losses during the restructuring of its Kvaerner Warnow (KWW) shipyard in eastern Germany. Last July, the Commission said KWW must repay $40.7 million in restructuring aid because it broke a production ceiling set as a condition of approving restructuring aid linked to the yard's privatization in 1992.
Maritime Reporter October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

An Efficient Addition to a Strong Fleet

Cvitanovic towing of Belle Chasse, Louisiana has taken delivery of a fourth vessel for its fleet of highly efficient Lugger-style tugs. Built at the Rodriguez yard in Bayou LaBatre,

Ferus Smit to Launch Newbuild Bulk Carrier

Ferus Smit will launch newbuild general bulk cargo vessel Arklow Brave on Friday, December 12, in Westerbroek.   Arklow Brave is the fifth vessel in a series

Dutch Yards May Need to Rethink Contract Structures

Rotterdam-based law firm AKD said a recent decision of the Dutch courts means that shipyards in The Netherlands may no longer be able to rely on the right to retain

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Navigation Offshore Oil Pipelines Ship Electronics Ship Repair Ship Simulators 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: 0.1784 sec (6 req/sec)