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 Reporter July 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

VT Halter to Build Bouchard ATB Tugs

VT Halter Marine, Inc., a subsidiary of Vision Technologies Systems, Inc. (VT Systems), today announced new contracts to build two 130-foot Articulated Tug Barge

Del Mar Signs Agency Agreement with Ciramar

Del Mar Marine Corp. announced it has signed an agency agreement with Ciramar Shipyards allowing the company to promote Ciramar Shipyard´s docking and facilities

Bouchard Orders Two Newbuild ATB Tugs

Morton S. Bouchard III, President and CEO of Bouchard Transportation Co., Inc., today announced the next step in Bouchard Transportation Co., Inc.’s ongoing fleet

Navigation

Bulk Carrier Detained; Two Crew Convicted

A Hong Kong flagged vessel was detained in Queensland following a Port State Control (PSC) inspection conducted by the Australian Maritime Safety Authority (AMSA)

Coast Guard Preps for Arctic Research

A team of scientists from the U.S. Coast Guard (USCG) Research and Development Center (RDC) will depart from Seward, Alaska, for a technology evaluation in the

Raytheon Anschütz Innovations to Debut at SMM

German navigation system manufacturer Raytheon Anschütz announced the launch of navigation system innovations as well as improvements to existing technologies for this year’s SMM.

 
 
Maritime Security Maritime Standards Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction
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: 0.0990 sec (10 req/sec)