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

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>

<< Apr 2019 >>
MTWTFSS
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 2 3 4 5

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

CWC World Gas & Power Series – Brazil & the Americas Summit

CWC World Gas & Power Series: Brazil & the Americas Summit is the perfect meeting place to make contacts…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

Nor-Shipping 2019

Nor-Shipping’s conference and event programme is tailored to deliver the knowledge, value and networking to help you build your business.

read more >