Independent journal on economy and transport policy
01:34 GMT+2
Italy to award subsidies to Lloyd Triestino
(Sched Net)
October 9, 1998
AUTHORITIES in Italy are working to help pull Lloyd Triestino di Navigazione SpA out of debt by subsidizing domestic shipyards for Lloyd Triestino-built vessels.
In addition, the government will donate subsidies in the form of wages to the line's Italian flag-ships employing Italian staff.
Meanwhile, Taiwan's Evergreen is to assist in the bail-out efforts ...... Read more on Sched Net
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