European Commission

EU resumes investigation of HHI-DSME merger

The European Commission announced it will resume its review of Hyundai Heavy Industries’ acquisition of Daewoo Shipbuilding & Marine Engineering, after temporarily suspending it amid the COVID-19 pandemic. 

EU Commission extends Consortia Block Exemption Regulation

The European Commission has prolonged for another four years the ‘Consortia Block Exemption Regulation’. The regulation outlines the conditions under which liner shipping consortia can provide joint services without infringing EU antitrust rules.

EU closes borders to limit COVID-19 spread

In the fight against the ongoing COVID-19 pandemic, the European Commission made the decision to ban non-essential travel to its 27 member nations for the next 30 days in order to limit the spread of the disease.

Europe launches DataPorts project for digital ports of the future

The European Commission has launched DataPorts project, aimed to boost the transition of European seaports “from connected and digital to smart and cognitive”, in order to create an even more trusted, reliable and efficient way of conducting businesses in Europe.

European Council places climate action at the center

According to a recent statement, foreign ministers discussed climate diplomacy and restated the political centrality of climate action for the European Union. The Council adopted conclusions on climate diplomacy, constituting that climate will be one of the priorities in the EU’s external policy in 2020.

EU Commission approves prolongation of Cyprus’ tonnage tax scheme

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.

maritime events