Reductions in compensation payments given by the state-owned Port of Antwerp to two container terminal operators were granted on market terms and hence do not involve state aid within the meaning of EU rules, the European Commission said.
In 2004, the Antwerp Port Authority, a public authority in Belgium which manages the Port of Antwerp, concluded concession agreements with two container terminal operators, PSA Antwerp NV and Antwerp Gateway NV.
The concession contracts for the provision of services related to the transshipment of containers in the Deurganckdok area of the port were concluded for a period of 42 years — until 2046.
As explained, the agreements between the port authority and the two concessionaires are similar to the concession contracts awarded by the authority to other container terminal operators and include a requirement that a minimum quantity of containers is handled in each terminal every year.
Read the full article in World Maritime News here