EU Shipbuilding Aid Extended to 2005

Sunday, March 14, 2004
European Union (EU) shipyards will continued to receive government financial aid until March 31, 2005, Reuters reported. The decision extends by one year an arrangement whereby state aid equal to six percent of a contract can be given to EU makers of container ships, chemical and product tankers and Liquefied Natural Gas carriers. The EU has taken South Korea to the World Trade Organisation (WTO), alleging the country is effectively dumping ships on the world market by subsidising its manufacturers. The EU usually has strict rules which limit aid by governments for their companies. South Korea has denied the EU's allegations of subsidies and is fighting the bloc at the WTO.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter July 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Wärtsilä Environmental Efficiency for Hybrid UK Ferry

A new ferry being built at the Cemre shipyard in Turkey for UK operator Wightlink will feature a comprehensive range of modern Wärtsilä equipment and systems to

SENER Presents Two FORAN Papers at the Morintekh

In June, the SENER engineering and technology group participated in the 17th Morintekh – Praktik 2016 Scientific Conference, in the city of St. Petersburg, Russia.

Ship of the Year Award for NYK Vessel

Japan's first LNG-fueled ship, Sakigake, which is a tugboat owned by NYK has been recognized with a Technology Special Award at the 2015 Ship of the Year Awards

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Pipelines Port Authority Ship Electronics Ship Repair Shipbuilding / Vessel Construction 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: 0.0697 sec (14 req/sec)