European Commission Fines Car Carriers 395 Million Euros for Participating in Cartel

The European Commission on Wednesday fined four shipping companies a total of 395 million euros for taking part in cartel relating to the transportation of new cars and other vehicles by sea in violation of EU competition laws. In a statement, the Commission said it had imposed the fines on the roll-on/roll-off shipping companies CSAV, K-Line, NYK and WWL-EUKO for forming … [Read more...]

EU to Investigate Tax Exemptions for Belgian, French Ports

BRUSSELS, July 8 (Reuters) - The European Commission opened on Friday two investigations into whether tax exemptions for Belgian and French ports breach EU state aid rules. In France, the EU executive cited full corporate income tax exemptions for 11 ports, including Marseilles, Nantes and le Havre, while, in Belgium, a number of ports also enjoy privileged tax regimes, … [Read more...]

MSC Flaminia Incident Prompts New EU Guidelines for Ships in Distress

The European Commission has presented new EU Operational guidelines for ships in need of assistance. The guidelines have been developed by a group comprised of Member States' authorities with input and support of industry stakeholders following a Commission initiative in the aftermath of the fatal MSC Flaminia accident in summer 2012. The EU operational guidelines were … [Read more...]

Greek Shipowners Reject European Commission Call for Tax Reform

ATHENS, Jan 21 (Reuters) - Greece's top shipping lobby on Thursday rejected a European Commission call for the government to reform its shipping tax system, saying this could hurt a key driver of the crisis-hit economy. Shipping is a vital generator of income for Greece, accounting for about 7 percent of its gross domestic product and employing about 200,000 people. Last … [Read more...]

Dutch “Disappointed” with EU Commission Order to Cut Port Tax Breaks

AMSTERDAM, Jan 21 (Reuters) - The Dutch Finance Ministry said on Thursday it was "disappointed" with an EU Commission order to do away with corporate tax exemptions for six ports, including Rotterdam, Europe's largest. The measure puts the Netherlands at a disadvantage, the government said in a statement, calling on the Commission to ensure fair competition. European … [Read more...]