New EU regime for safer and greener ship recycling enters into force

January 8, 2019 – From 31 December 2018, the recycling of all large sea-going vessels sailing under an EU flag can only take place in yards included in the European List of ship recycling facilities. This is the result of the EU Ship Recycling Regulation – the only legally binding and comprehensive instrument on ship recycling in force in the world today, which aims to make ship recycling greener and safer. The European list contains currently 26 yards, most of them located in the EU, but also in Turkey and…

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European Commission to Assess Acquisition of Chantiers de l’Atlantique by Fincantieri

January 8, 2019 – The European Commission has agreed to the request submitted by France and Germany asking it to look at Fincantieri’s proposed acquisition of Chantiers de l’Atlantique in the light of the EU Merger Regulation. The Commission considers that the transaction could harm competition at European and global level. The proposed acquisition of Chantiers de l’Atlantique by Fincantieri does not reach the turnover thresholds set by the EU Merger Regulation for transactions notifiable to the European Commission because of their European dimension. However, the plan was notified for…

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