EU Commission Looks Into Italy’s State Aid for Naples Port

Image Courtesy: ECCJ

The European Commission has opened an in-depth probe to verify whether direct grants of EUR 44 million (USD 48.8 million) from Italy to the Port Authority of Naples were in line with EU state aid rules.

The grants were used to renovate the dry-docks rented out by the Port Authority of Naples to Cantieri del Mediterraneo (CAMED), a ship building and ship repair company, on the basis of a 30-year concession.

“The Commission’s preliminary view is that besides the Port Authority, also CAMED may have benefitted from these grants via the concession agreement. Indeed, in the absence of a tender for the use of the dry-docks, CAMED may use the refurbished facilities to provide ship repair activities for a price potentially below market rates,” the European Commission said.

Furthermore, the Commission said that this may have given both companies an economic advantage over their competitors and therefore involve state aid within the meaning of the EU rules.

Such aid may be found compatible with EU state aid rules if it furthers an objective of common interest, however, at this stage, the Commission has doubts that the ship repair service can qualify as a Service of General Economic Interest (SGEI).

Share this article

Follow World Maritime News

In Depth>

Events>

<< Sep 2017 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

INMEX SMM India 2017

Combining the forces of Maritime industry’s two biggest events, the unified edition of INMEX SMM India brought together the most exclusive…

read more >

LIQUEFACTION OF BULK CARGOES SEMINAR

GET TO GRIPS WITH:
– Mechanisms behind liquefaction
– Guidelines and regulations for bulk cargoes prone to liquefaction…

read more >

Seatrade Offshore Marine & Workboats Middle East

The largest event for offshore marine and workboat sectors in the region, Seatrade Offshore Marine & Workboats Middle East will, once again, serve as a meeting point for international industry professionals to come together and do business. Our 2017 show promises a wealth of networking opportunities, high-level discussions in our conferences on important industry trends, […]

read more >

The Future-Ready Shipping Conference 2017

The Future-Ready Shipping Conference 2017 – the joint Singapore-IMO International Conference on Maritime Technology Transfer and Capacity-Building…

read more >