The Russian government has decided to provide subsidies for newbuild vessels destined for the Far North region. The post Russia to grant subsidies for Far North-bound newbuilds appeared first on…
https://www.offshore-energy.biz/russia-to-grant-subsidies-for-far-north-bound-newbuilds/
The leading airline industry group is warning that mounting debt incurred by members to stay in business during the coronavirus crisis could eventually endanger their survival when the bills come due.
Airlines are scrambling to borrow money from commercial banks and investors, sell securities, and tap government aid in a desperate attempt to build a cash cushion that will let them weather a long drought in revenue while passenger traffic slowly rebuilds from pandemic lows.
Deutsche Lufthansa AG,...
https://s29755.pcdn.co/news/mounting-debt-to-shackle-airlines-pandemic-recovery-group-says
FEPORT’s President, Gunther Bonz.
New ITF report on “Maritime subsidies”: FEPORT calls for more transparency and a review of the Maritime State Aid Guidelines to achieve it
Brussels, September 20th, 2019
FEPORT who represents the private port companies and terminals performing cargo handling activities in EU ports welcomes the publication of ITF OECD report on “Maritime subsidies” as it sheds light on a number of taxation practices which are not included in the last version Maritime State Aid...
Maritime subsidies issued by some of the largest economies to the shipping industry have had a limited impact, according to new research from the OECD, which argues that they need to be reformed.
A new report released today, Maritime Subsidies – do they provide value for money? from the OECD-backed International Transport Forum and authored by maritime economist Olaf Merk, investigated the impact of the three main types of government subsidies …
The post OECD calls for reform of ‘ineffective’...
https://theloadstar.com/oecd-calls-for-reform-of-ineffective-maritime-subsidies/
Off the New Jersey coast, the bright red hull of the Fugro Enterprise has become a familiar sight to commercial fishermen who pull shellfish dredges and tend gillnets.
Plodding along at around 4 knots, the 170’x40’x11′ survey vessel is making detailed geotechnical surveys for the Ocean Wind energy project, planned by Ørsted to accommodate towering wind turbines that would supply New Jersey with its first 1,100 megawatts of renewable energy generated by offshore wind.
To New Jersey’s renewable...
https://www.workboat.com/news/offshore/capacity-issues-loom-for-east-coast-wind-developers/
European shipowners and shipbuilders back the talks between the EU and South Korea on state subsidies.
South Korea and Japan in dispute over shipbuilding subsidies.