Under EU state aid rules, the EU Commission approved the prolongation of Cyprus’ tonnage tax scheme, which applies to ship ownership, ship management and ship chartering activities for the next ten years. Cyprus was the first ever open registry to have a TTS approved by the EU.
The European Commission revealed a new proposal today, December 12, which aims to allow the European Union to protect its trade interests despite the paralysis of the multilateral dispute settlement system in the World Trade Organization (WTO).
On 2 December, the European Council accepted the proposal of easing the completion of the trans-European transport network (TEN-T), by running up the permit-granting processes. The agreed proposal further goals to clarify the procedures which project promoters need to follow, such as permit granting and public procurement.
On 12 December, the European Commission will present the European Green Deal as part of its plan to be the first climate neutral continent by 2050, announced the European Commission’s recently-elected President, Ursula von der Leyen, on the sidelines of COP 25 underway in Madrid.
The blue economy of the EU Atlantic area is one of the largest in Europe as it amounts to €65 billion gross value and employs more than 1.2 million people. The European Commission reports that the Atlantic stakeholders are reviewing how they can help decarbonize the economy, reduce marine pollution and further promote a sustainable blue economy, looking at the new decade approaching with a new Commission and new funding instruments.
Last week, the European Political Strategy Centre (EPSC) published a strategic note for Clean Transport at Sea, describing the course for European Leadership, including the confirmation of the European Commission’s President, Ursula von der Leyen’s ambition to add maritime transport into the EU’s Emission Trading System.
Following an EU ban on cod fishing in Baltic Sea in late July, the Commission has recently made a new proposal in an effort to reinforce control and data collection in the area and assist all fishermen affected by the closure of the Easter Baltic cod fishery. Namely, the Commission suggests that from 2020, those vessels should be equipped with a vessel monitoring system or other equivalent electronic monitoring system and have observers onboard. This would allow scientists to gather more and better data on the stock.
The European Commission announced that it opened an in-depth investigation to assess the proposed acquisition of Chantiers de l’Atlantique by Fincantieri, under the EU Merger Regulation, following its concerns that the transaction may reduce competition in the global cruise shipbuilding market.
After rumours emerged that the EU antitrust authorities started a further in-depth analysis of the Fincantieri/Chantiers de l’Atlantique transaction, Fincantieri released a statement disapproving such rumours. Namely, after the European Commission conducted a preliminary examination of the transaction, the competition authority allegedly decided to continue with a full-scale antitrust investigation.
Enhancing the coordination between maritime authorities and across borders is crucial, and to be successful, interoperability is important. The EU’s Common Information Sharing Environment (CISE) is doing exactly that, and last week, the European Commission has released a staff working document to present its progress so far.
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