European Council Adopts Port Regulation

The European Council formally adopted a new set of rules governing ports in the European Union on January 23, 2017. 

The rules are aimed at increasing the financial transparency of ports and creating clear and fair conditions for access to the port services market throughout Europe.

The regulation is expected to make it easier for new providers of certain port services to enter the market, creating a more level playing field and reducing legal uncertainties for ports, port service providers and investors. This should encourage investment in ports, improve the quality of services provided to port users, and help reduce prices, the European Council said in a statement.

Furthermore, the new rules are expected to ensure transparency of port charges and public funding of ports. This would lead to better use of public funds and the effective and fair application of EU competition rules in ports. At the same time, the new rules are designed to take into account the diversity of the sector across Europe, according to the European Council.

“I welcome these reforms. The port sector is vital to the success of Europe’s economy, and it stands to benefit from the increased transparency and clarity which these new rules bring,” Hon. Joe Mizzi, Minister for Transport and Infrastructure, said.

On December 14, 2016, the European Parliament supported the regulation.

The legal act will be signed by both institutions in mid-February and published in the EU Official Journal a few weeks later. The act is scheduled to enter into force 20 days after its publication.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Mar 2018 >>
MTWTFSS
26 27 28 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

Offshore Wind Europe 2018

The Offshore Wind Europe speaker line-up is supported by executives who are leading the charge…

read more >

Europort 2018

From 15-17 May 2018, the 12th edition of Europort Romania willl take place in the IDU Hall in Constanta…

read more >

Petrochemical Supply Chain & Logistics Conference & Exhibition

The Petrochemical Supply Chain & Logistics Conference & Exhibition (15 – 16th November, Houston) is positioned at the forefront of the booming Petrochemical industry in North America.

This industry leading event is regarded as the most significant meeting place for supply chain & logistics professionals, where they meet to do business.

More Info

read more >

DREDGING FOR SUSTAINABLE INFRASTRUCTURE

The two-day-long programme offers six highly interactive sessions with contributions from…

read more >