EU approves shipyard lifeline

Under the so-called 'temporary defence mechanism', which the EU introduced to protect its industry from cheap Korean exports, Poland will be allowed to give aid to ailing shipwrights, especially in Gdańsk, Gdynia and Szczecin, worth up to six percent of the value of the yards' contracts.

The EU considers Korean subsidies to its ship production illegal. The Netherlands, Italy, France, Denmark, Spain and Germany already aid their own shipyards. (Reuters) A.K.