Brussels, 21/01/2004 (Agence Europe) - On Wednesday the European Commission presented a draft regulation for extending by a year the temporary defensive mechanism- (TDM) for European shipyards. The mechanism, granting temporary state aid will continue till 31 March 2005. A Commission spokesperson indicated in substance that this extensions was justified not only because European shipbuilders suffer the consequences of unfair Korean practices but also because they continue to defend their...