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Hapag-Lloyd state aid delayed

Hapag-Lloyd state aid delayed
The European Commission verdict on German state aid to container line Hapag-Lloyd has been delayed by at least a month, according to a Brussels source.

Hapag-Lloyd state aid decision delayed.

The European Commission verdict on German state aid to container line Hapag-Lloyd has been delayed by at least a month, according to a Brussels source.

The decision on whether German measures to prop up the line fall within European Union crisis guidelines is not now expected until the beginning of next month at the earliest, the source said.

The commission has been asked to clarify whether the reported ?1.2bn ($1.6bn) German guarantee falls under the temporary framework for the economic crisis. Competence for state aid decisions in the transport industry have been transferred from the commission directorate general for transport to the Brussels ministry for competition. One report suggested the delay was to allow different commission ministries to express an opinion on the Hapag-Lloyd case.

Brussels competition spokeswoman Amelia Torres said she ?can not volunteer a date? for the decision.

The commission"s competition authorities are also understood to have French aid to container line CMA CGM under the microscope.

www.turkishmaritime.com.tr

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