European Commission Approves Amendments to German State Aid Regime for Maritime Transport

The European Commission (EC) Dec. 10 issued Daily News No. MEX/21/6767, approving amendments to the German state aid regime for maritime transport. The amendments include measures to: 1) extend the regime to Dec. 31, 2027, from Dec. 31, 2021; 2) increase the overall budget to 46.5 million euros (US$52.36 million) from 44 million euros (US$49.5 million); and 3) expand the regime from German flagged vessels to all eligible vessels flying the flag of any European Economic Area (EEA) country, provided they were registered in a German shipping register. The EC found the regime compatible with the EU state aid guidelines ...