EC aid to scrap tankers

February 2007
ICIS Chemical Business;2/19/2007, Vol. 2 Issue 54, p41
Trade Publication
The article reports on the approval of a state aid by the European Commission for the scrapping of single-hull tankers over 15 years old that operate in the Italian cabotage market. Each year, €12 million, or $16 million, will be available to encourage the early scrapping of small single-hull tankers, even though under European Union and international law they could continue trading.


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