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Europe Daily Bulletin No. 8491

26 June 2003
Contents Publication in full By article 12 / 40
GENERAL NEWS / (eu) eu/shipbuilding
Commission extends temporary defensive mechanism to Liquefied Natural Gas carriers

Brussels, 25/06/2003 (Agence Europe) - On 25 June, the European Commission decided to extend the granting of temporary and limited state aids in the shipbuilding sector (so-called temporary defensive mechanism- TDM) to liquefied natural gas carriers (LNGs). The temporary defence mechanism, adopted last October to counterbalance the effects of trade practices judged to be unfair carried out by South Korea, will only apply to containerships and product and chemical tankers. Wednesday's...

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