EU State Aid Guidelines Welcomed by Shipowners, Not by Union

MarineLink.com
Monday, October 21, 2013

The shipping industry has welcomed a decision by the European Commission to keep in place unchanged guidelines relating to state aid to maritime transport, which include tonnage tax regimes, but seafarers' union Nautilus sees it differently, according to the UK maritime industry's latest 'Maritime London Newsletter'.

Commission vice-president Joaquín Almunia, responsible for competition policy, recently decided to continue the 2004 Guidelines on State Aid to Maritime Transport without revision. The UK maritime unions, however, have complained that an opportunity was missed to increase the number of EU seafarers on EU-flag ships.

Sue Bill, a tax partner with shipping accountant Moore Stephens, says: “This is extremely good news for the shipping industry, both in the UK and elsewhere in the EU, which is facing severe competition from countries such as Singapore. It means they can now rely on a stable tax regime for the foreseeable future.”

European Shipowners Associations (ECSA) president Juan Riva welcomed the decision saying: "ECSA commends the Commission for pursuing a professional review and consultation process, which clearly demonstrated that the guidelines were successful. In the Member States where they were applied, they have produced strong economic, employment and strategic-capability benefits for the EU.

However, Nautilus general secretary Mark Dickinson said he was very disappointed the commission had failed to act on union calls to introduce rules requiring companies in tonnage tax schemes to employ and train EU seafarers in return for fiscal support. He said: “There is no doubt that the tonnage tax schemes introduced by countries such as the UK and the Netherlands have helped to revive merchant fleets after decades of decline,”
 
Source: Maritime London

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

Legal

ITIC Measures against Ebola

The International Transport Intermediaries Club (ITIC) has issued the following general advice related to the outbreak of Ebola. Vessels that have recently

ClassNK's Guidelines for Exhaust Gas Cleaning Systems

Leading classification society ClassNK announced that it has released Guidelines for Exhaust Gas Cleaning Systems. These guidelines cover class safety requirements

China, Vietnam Pledge Maritime Cooperation

China and Vietnam have agreed to "address and control" maritime disputes, state media said on Friday, as differences over the potentially energy-rich South China

Finance

Nordic American Offshore Declares Dividend

Nordic American Offshore Ltd. today announced that its board of directors has declared a dividend of $0.45 per common share for the third quarter 2014. This is the same as for the second quarter 2014.

Bollore Africa Logistics Sees Profit Plunge in H1

First half 2014 profit at shipping company Bollore Africa Logistics plunged to 5.89 billion CFA francs ($11.48 million) from 9.45 billion CFA francs in the same period last year,

Maduro Says Venezuela's 2015 Budget to Put Oil at $60

Venezuela's 2015 budget will be based on a target oil price of $60 dollars per barrel, President Nicolas Maduro said on Friday night, but he repeated expectations that prices will recover.

Government Update

India to Develop Iran's Chabahar Port

India will float a company to develop Iran's Chabahar Port, a government statement said on Saturday, as New Delhi aims to take advantage of a thaw in Tehran's relations with world powers.

Shadrin is D.G. of Gazprom Investholding

On October 13 the Gazprom leadership acceded to Alisher Usmanov's request for releasing him from his position as Director General of Gazprom Investholding. At the meeting Alexey Miller,

ITIC Measures against Ebola

The International Transport Intermediaries Club (ITIC) has issued the following general advice related to the outbreak of Ebola. Vessels that have recently

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Simulators 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: 0.1298 sec (8 req/sec)