French to get EC Funds to Upgrade Fleet

Thursday, September 09, 2004
The European Commission authorized a French aid scheme to promote inland waterway transport.

The Commission agreed to a French aid scheme for inland waterway transport.

This scheme will be in force during the period 2004-2007 with a budget of between €14.5 and €15 million per annum. The aim of this new scheme is to encourage the development of inland waterway transport in France through fleet modernisation and by promoting the occupation of inland waterway carrier. Any inland waterway freight carrier operating in France is potentially eligible for this aid.

The scheme takes over the inland waterway transport aid plan for the period 2001-2003.[1] The new scheme also proposes new aid designed to take better account of current market conditions.

The aid plan is in two main parts. The first part is aimed at modernising the fleet and improving its capacity for carrying specific goods in order to meet the needs of shipping agents and industry while improving its environmental quality. Improving the general technical features of vessels should make it possible to save energy and reduce pollution. The aid will also cover targeted research and development projects to meet an explicit demand and investment in new information and communication technologies.

The second part concerns the promotion and renewal of the occupation of inland waterway carrier through aid for continuous training and aid for the transfer of French vessels to young buyers.

It is proposed that when freight vessels are sold to buyers under 35 years of age, new entrants, or wage-earners setting up their own businesses, aid not exceeding €43/DWT should be paid if the selling price does not exceed €152/DWT. The aid will also be capped at 30% of the total price and at €46 000.

The Commission took the view that this aid is compatible with the competition rules.

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

Contracts

U.S., India to Seal Nuclear Deal

The United States and India have reached a breakthrough on two issues holding up civil nuclear cooperation between them, U.S. President Barack Obama told a news conference in New Delhi on Sunday.

U.S. Refinery Workers' Contract Talks Moving Slowly

With just a week of bargaining left until the national contract for U.S. refinery workers expires, the United Steelworkers union (USW) said talks with oil company

MSC Sinfonia Upgradation at Fincantieri Shipyard

Extension operations on MSC Sinfonia, the second out of four MSC cruise ships to undergo the Renaissance Programme of enhancements, have begunin the past days at Fincantieri shipyard in Palermo.

Finance

India Not Pressurized by US-China Deal

Indian Prime Minister Narendra Modi said a climate deal between the United States and China does not put pressure on India, but that global warming itself was reason to take action.

U.S. Refinery Workers' Contract Talks Moving Slowly

With just a week of bargaining left until the national contract for U.S. refinery workers expires, the United Steelworkers union (USW) said talks with oil company

Obama, Modi Aim High on India Trip

In a fresh bid to make India an enduring strategic partner, U.S. President Barack Obama lands in New Delhi on Sunday for a highly symbolic parade and to nurture

 
 
Maritime Contracts Maritime Security Offshore Oil Pipelines Pod Propulsion Port Authority Ship Electronics Ship Repair Shipbuilding / Vessel Construction 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: 0.1305 sec (8 req/sec)