Fri 18 Jul 2008, 10:04 GMT

Package to tackle high bunker prices is adopted


Emergency EU measures will allow funds to be used to support fisheries sector.



The European Agriculture & Fisheries Council has adopted this week, by qualified majority, the emergency package of restructuring measures to tackle the fuel crisis in the fisheries sector proposed by the Commission on July 8th.

The package will promote the restructuring of those segments of the European fishing fleet which have been hardest hit by the rise in bunker price, while cushioning its short-term social and economic impacts for those who commit to taking long-term action.

The core of the measures, adopted yesterday in the form of a Council Regulation, consist of temporary derogations to the European Fisheries Fund, allowing funds to be targeted quickly where they are needed most to address the underlying causes of the crisis, and to provide short-term support to the hardest-hit segments of the fleet that commit to restructure.

Joe Borg [pictured], Commissioner for Maritime Affairs and Fisheries welcomed the constructive approach taken by Ministers to ensure rapid action.

"I am delighted that Council was able to reach political agreement on this urgent response to the fuel crisis and to bring about the necessary restructuring of the fisheries sector. Taken together, this package of measures represents a comprehensive and multi-pronged approach to the challenges which the sector is currently facing. It combines emergency measures with a whole new range of options for the long-term restructuring of the EU fleet. The Commission now stands ready to help the Member States to implement the measures as rapidly as possible, and to take full advantage of the opportunity they represent", commented Borg.

The package constitutes a multi-dimensional approach to the current crisis, incorporating:

* emergency measures, consisting principally of temporary cessation aid, to help fishermen cope with short-term pressures while the sector prepares a longer-term strategy;

* a whole new range of restructuring measures for fleet segments which sign up to Fleet Adaptation Schemes, to be adopted at national level;

* horizontal measures which fall outside the Fleet Adaptation Schemes, including increased EFF aid-intensity for fuel-saving equipment, expertise in relation to energy audits and restructuring plans, expanding the rank of beneficiaries eligible for early retirement under the EFF, and promoting research on fuel-saving technologies;

* market measures under both the EFF and the Common Organisation of the Market, including a new price-monitoring observatory, and additional financial support for stakeholder-led initiatives, and

* measures designed to facilitate the use of the EFF, so as to ensure fast and targeted action by Member States.

The Commission praised the Agriculture & Fisheries Council and the European Parliament for its efforts in ensuring that the emergency package was approved promptly.

"The Commission is delighted by the rapidity with which it has been possible to push through these vital emergency measures, thanks to excellent collaboration with both the Council and the European Parliament".

In its communication, published on July 8th, the Commission expressed its readiness to propose making additional funds available for this restructuring process. It also proposed examining possible changes to the de minimis rules for the fisheries sector and social aid in the form of decreased social security contributions, and analysis of these options continues.

EU   Policy  

Jamaica bunkering hub study presentation. Study maps route for Jamaica to become regional hub for alternative marine fuels  

Research identifies Jamaica's location, port traffic and existing LNG infrastructure as foundations for a regional alternative marine fuels hub.

A2B Progress vessel. A2B-online orders two more methanol-fuelled vessels for shortsea network  

Dutch shortsea operator expands newbuild series to four ships, adding methanol propulsion and battery capacity for emission-free port calls.

Höegh Autoliners and BYD Energy Storage cooperation agreement signing. Höegh Autoliners signs battery deal with BYD for ammonia-ready car carrier  

Ro-ro shipper teams up with BYD Energy Storage to combine batteries, solar power and ammonia-ready propulsion on a single car carrier.

Hercules Angelica vessel. Hercules Tanker Management adds new Ultra-Spec tanker to fleet with FAME cargo run  

Hercules Angelica begins maiden voyage carrying FAME from Malaysia to the UK/ARA region.

SHI and Morimura sign MoU. Samsung Heavy Industries and Japan's Morimura to jointly develop solid oxide fuel cells for ships  

Companies target 2028 commercialisation of SOFC technology for merchant vessels and floating data centres.

Shin Ueda and Benny Hilstrom. Mitsubishi Shipbuilding gains WinGD approval for ammonia fuel handling system  

Japanese shipbuilder becomes first in the country to receive supplier pre-approval for key components of WinGD's ammonia-fuelled engine.

Rendering of a battery-powered bulk carrier vessel. Battery-powered bulk carrier wins NOK 89.2m Enova grant  

Bulk Loaders and DP World secure Norwegian state funding for a zero-emission cargo vessel designed by NSD.

Empire State Building, New York. Maersk Oil Trading seeks New York-based fuel trader for Americas bunker business  

Firm looking for candidates with 'several years' of relevant experience in fuel trading, bunker trading, fuel marketing, cargo trading, or similar.

Taha Karakan and Aydın Yıldız, Alkagesta. Alkagesta completes Energy Petrol takeover, appoints new marine sales leadership in Türkiye  

Acquisition includes eight marine fuel supply vessels and a long-term lease of tank capacity in Gebze.

Venezuela flag. TFG Marine extends Caribbean bunkering reach into Venezuela  

Majority Trafigura-owned bunker supplier partners with Impordiesel to offer marine fuel across Venezuelan ports and coastal waters.