SHIP SCRAPPING
July 1st, 2002
BY ALAN OSBORNTHE EUROPEAN Commission has approved a special new budget item of Euro32 million, (Pounds 20 million), in respect of the policy to reduce the EU's fishing capacity by scrapping vessels, which should enable fleets to be downsized from next year, rather than in 2004, as previously discussed.The total cost of taking some 8,592 vessels out of service has been estimated at Euro 712 million, (Pounds 442 million) throughout the EU. Member States have already earmarked substantial sums in current programmes for structural measures in the fishing sector, and ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.