Subscribe to RSS feedSubsidy rejected
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Obsidian
—
last modified
Feb 26, 2009 12:00 AM
European Union shipbuilders have pledged to ride out their “worst ever” crisis without returning to 20th century-style subsidies.
Despite the collapse of orders and signs that interest in newbuildings might not return for several years, industry leaders at their association's annual Brussels event said they were not looking for national government handouts.
Yards will have to bring...
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