Lamy To Back European Yard Subsidies

Monday, May 07, 2001
European Union Trade Commissioner Pascal Lamy said he would back government aid for European shipyards if the EU lodges a formal complaint against South Korean shipbuilders with the World Trade Organization. Government subvention "is an instrument we want to use," he said. "We have to increase our weapons arsenal. Such a (WTO) process can be very drawn out," said Lamy. The EU has long accused Seoul of paying its shipbuilders illegal subsidies that threaten the existence of European yards. Lamy said the Council of Ministers will ultimately decide whether to help shipbuilders, but added the Commission was likely to support some form of temporary assistance because talks with his Korean counterparts had made little progress. Lamy will offer his recommendation to the Commission on Tuesday and a formal decision on WTO proceedings are expected next week after consulting with national governments. - (Reuters)

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

Shipbuilding

NASSCO Delivers First ECO Class Tanker for SEA-Vista

On Thursday, April 28, 2016, General Dynamics NASSCO delivered the first ship in a series of three ECO Class tankers currently under construction for SEA-Vista LLC.

Crowley to Christen 3rd LNG-ready Product Tanker

Crowley Maritime Corp. announced it will hold a christening ceremony Thursday, May 5 in New Orleans for the newly built Louisiana, the company’s third of four new Jones Act product tankers.

Harley Marine Orders Two Harbor Tugs

Harley Marine Services announced the construction of two new ship handling vessels to be built at Diversified Marine in Portland, Ore. The two tugs are sister class

Navigation

Aydin Marine Debuts Multi-Touch K-17T

Aydin Marine – the manufacturer of industry-leading, type-approved displays, computers and peripherals, announced today the release of a 17-inch multi-touch, sunlight-readable

Raytheon Anschütz Steering Gear Control for Luxury Cruise Ships

The German navigation system manufacturer Raytheon Anschütz was awarded a retrofit contract of steering gear control systems for two luxury cruise ships chartered by Noble Caledonia Ltd.

Smulders Appointed CEO of Radio Holland

Paul Smulders has been appointed CEO of Radio Holland, part of the RH Marine Group (formerly Imtech Marine).   Smulders returns to Radio Holland where he started

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Naval Architecture Offshore Oil Pipelines Ship Repair 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: 0.0682 sec (15 req/sec)