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>

<< Jul 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 31 1 2 3 4

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >

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 >

Shipping Transformation Asia

Shipping Transformation Asia will provide a platform for future-focused discussion in the shipping,…

read more >

Global Sustainable Shipping Forum 2019

The event will provide valuable insights from conference sessions, great networking opportunities and will offer…

read more >