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 Today


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

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

Contracts

Skandi Paraty Delivered and On-hire

Skandi Paraty, owned by Norskan Offshore Ltda, has been delivered from the yard and went on-hire on a four years contract with Petrobras.   Skandi Paraty is an AHTS,

Diana Containerships, MSC Enter Time Charter Deal

Diana Containerships Inc. announced that, through a separate wholly-owned subsidiary, it entered into a time charter contract with MSC-Mediterranean Shipping Co.

Baltic Dry Bulk Index Dips on Weak Demand

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, continued to dip on Wednesday due to sluggish demand across vessel segments.

Finance

Oil Turns Lower after US Crude Build

A bigger-than-expected build in U.S. crude inventories to fresh record highs pushed oil markets lower on Wednesday after an early rally over concerns about production

Elandra Yachts Expands, Launches Finishing Department

Elandra Yachts has added another layer of craftsmanship to its boat-building operation with the launch of a new in-house paint department at the Gold Coast plant,

Baltic Dry Bulk Index Dips on Weak Demand

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, continued to dip on Wednesday due to sluggish demand across vessel segments.

 
 
Maritime Careers / Shipboard Positions Maritime Standards Navigation Offshore Oil Pipelines Ship Repair 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: 0.0809 sec (12 req/sec)