Independent journal on economy and transport policy
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Grimaldi: If the state intervenes to support shipping companies, it must act in such a way as not to produce unfair competition
Finnlines closed the first quarter with a net profit of 20.7 million euros, or 27.6%
May 7, 2020
Commenting on the results recorded in the first quarter and highlighting the negative impact that the pandemic is having on economic activities across Europe, the president and Ceo of Finnlines, Emanuele Grimaldi, recalling that "governments across Europe have promised various emergency measures for shipping companies', noted that "this can lead to significant unfair competition. Any financial aid - has underlined - must be provided in accordance with the rules vigour and - Grimaldi specified - the support cannot be individual companies at the expense of more competitive competitors Solid. Any help from government agencies or agencies security of supply, he noted, should be be made available to all shipping companies regardless of their financial strength in order to avoid distorting the market and risking appeals competition. If the state intervenes - Grimaldi clarified - it must intervene in such a way as not to produce unfair competition.'
In the first quarter of this year, freight and passenger volumes Finnlines fleet recorded a Flexion: 121,000 passengers boarded the ships (122 thousand in the first quarter of 2019), the 186 thousand (188 thousand), cars not in the wake of passengers 41,000 247 thousand tonnes (287 thousand) and other goods.
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Commenting on the results recorded in the first quarter and highlighting the negative impact that the pandemic is having on economic activities across Europe, the president and Ceo of Finnlines, Emanuele Grimaldi, recalling that "governments across Europe have promised various emergency measures for shipping companies', noted that "this can lead to significant unfair competition. Any financial aid - has underlined - must be provided in accordance with the rules vigour and - Grimaldi specified - the support cannot be individual companies at the expense of more competitive competitors Solid. Any help from government agencies or agencies security of supply, he noted, should be be made available to all shipping companies regardless of their financial strength in order to avoid distorting the market and risking appeals competition. If the state intervenes - Grimaldi clarified - it must intervene in such a way as not to produce unfair competition.'
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
