Thursday, December 9, 2021
Home Yachts Yachts News EU Commission acknowledges strategic importance of shipbuilding industry

EU Commission acknowledges strategic importance of shipbuilding industry

Rome, May 28, 2020. European Commission President Ursula Von der Leyen presented yesterday in Brussels a new plan to ensure economic recovery from the Covid-19 crisis: “Next Generation EU”- a 750 billion euro fund consisting of allocations for 500 billion euro and loans for 250 billion euro. 

In its communication to the European Parliament, European Council, Council of the European Union, and the Committee of Regions, the European Commission acknowledges the fact that, especially in this period of health emergency, the transportation industry has played an essential role in value chains. It also acknowledges that in order to create new jobs, it is essential to boost the production and use not only of motor vehicles but also of sustainable ships. 

In its recovery plan, the European Commission also proposes to reinforce programs such as the European Maritime and Fisheries Fund, the Connecting Europe Facility fund and the European Defense Fund. Lastly, the documentation attached to the above-mentioned communication mentions a sectoral distribution of the gaps that will have to be filled by means of annual 20 billion euro investments aimed at achieving the “green” transition of “vehicles, rolling stock, ships and aircraft (infrastructure excluded).

Assonave President Vincenzo Petrone commented: “The Italian shipbuilding industry, which we represent, is pleased to note that the European Recovery Plan announced by EU Commission President Ursula Von der Leyen explicitly mentions this sector as a priority segment for the investments envisaged in the Recovery Plan. This plan has two main goals. The first is to boost the production and use of modern, environmentally sustainable ships, with relevant positive effects in terms of job creation and mobility. The second goal is to make up the deficit of investments needed to accelerate the “green” transition of European ships to account for the challenging environmental protection objectives that Europe intends to achieve by the year 2030. Assonave believes that, if streamlined and properly financed, the Recovery Plan can become an efficient means to achieve the growth objectives that the European shipbuilding industry has set for itself in the challenge against the tough Asian industry. Moreover, Assonave recognizes the fundamental role that our Commissioner for Economy Paolo Gentiloni and our government are playing to enhance the naval-engineering industry like never before.”

- Advertisment -

Subscribe to our newsletter

To be updated with all the latest news, offers and special announcements.

LATEST ARTICLES

Baiona and Barcelona bookend historic 10th year of the 52 Super Series

he 52 Super Series, the world’s leading grand prix monohull circuit, will mark its historic tenth year of continued success with an...

Alinghi filed their entry to the 37th America’s Cup that could be contested by up to six international teams

Like the finest timepiece created on the shores of Lake Geneva, Alinghi filed their entry to AC37 like clockwork on the stroke...

Will Smith, Sean Combs and Kevin Durant are all investors in Arc’s Electric Speedboats

Arc, a startup that launched 10 months ago with ambitions to electrify everything on the water, starting with a limited-edition $300,000 boat,...

Less than 5 months to the Grand Return of Antigua Sailing Week

With less than five months to the start of Antigua Sailing Week, over 60 boats are already on the scratch sheet including...

Marstrand to Host First-Ever 49er Short Track World Championship

The Short Tack World Championship is an action-packed tournament format that showcases the best of sailing in a fan friendly package. The...

International Maxi Association leads the way in yacht club co-operation

The IMA works closely with many yacht clubs and race organizers around the world who run racing for maxi yachts. In the...

First eight cities unveiled in an expanded SailGP Season 3

SailGp returns in its third season with additional new teams, more iconic cities and thrilling racing as it reaffirms its status as the...

Sir Peter Blake remembered on the 20th anniversary of his passing

December 5 marked the 20th anniversary of the death of Sir Peter Blake, aged 53yrs, in Macapá, Brazil, following an armed robbery...

Stellarcat introduces 25m tri-deck model in its series of all-aluminum

StellarPM has announced a new 25m tri-deck model in its series of all-aluminum StellarCAT power catamarans.  Chris Holmes, Principal and Founder of StellarPM...

Last night, two heroes were honored for their bravery, courage and talent: Yannick Bestaven and Jean Le Cam

Last night, two heroes were honored for their bravery, courage and talent: Yannick Bestaven, Vendée Globe winner and Jean Le Cam, Kevin...