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

Shipbuilding

Golden Ocean and Knightsbridge Complete Merger

The merger between Knightsbridge Shipping Limited and Golden Ocean Group Limited was approved today at special meetings of both companies' shareholders.      The new company,

Boat of the Month: Moore Shallow Shuttle 23

Moore Boat LLC recently delivered the first of three all new aluminum Moore Shallow Shuttle 23 RIB’s to Seacrets, Jamaica USA after the vessel’s successful completion of various sea trials and the U.

Maersk Line Orders Seven Containerships from China

Danish shipping firm Maersk Line has signed an order for seven container vessels from COSCO Shipyard in China as the first step in a $15 billion investment programme over five years.

Navigation

US Will Work to Ensure Bab-el-Mandeb Strait Remains Open

The U.S. military will work with Gulf and European partners to ensure the strategic Bab el-Mandeb Strait at the tip of the Red Sea remains open to commerce despite fighting and instability in Yemen,

BMT’s REMBRANDT-INLAND Simulation Tool

Brown Water Training and Collision Reconstruction Taken to a New Level When a new or expanded port is planned on an inland waterway, how do you assure the civil

Using AIS Data to Assess Collision Risks

Automatic Identification System (AIS) data is now being used to determine the collision risk for offshore installations. MARIN helps oil companies with risk assessments

 
 
Maritime Contracts Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Ship Electronics Ship Repair Sonar Winch
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: 0.3978 sec (3 req/sec)