commiss decis june state aid award tirrenia di navigazion ship compani itali notifi document number italian text authent text eea relev ec commiss european commun regard treati establish european commun subparagraph articl thereof regard agreement european econom area articl thereof pursuant aforement articl call interest parti submit comment procedur receiv complaint commiss decid initi procedur laid articl treati respect aid paid compani tirrenia group tirrenia di navigazion adriatica caremar saremar siremar toremar aid take form subsidi paid directli compani group support maritim transport servic compani provid agreement conclud state agreement design ensur provis maritim transport servic part consist connect mainland itali hand sicili sardinia smaller italian island letter date august commiss inform itali decid initi procedur letter date septemb italian author forward comment decis commiss decis initi procedur publish offici journal european commun public number privat oper offer maritim transport servic competit compani tirrenia group forward comment commiss comment turn forward italian author give opportun react investig procedur italian author ask tirrenia group case split final decis tirrenia di navigazion compani reach prioriti request made ground italian author privatis group begin tirrenia di navigazion intend speed process compani concern regard request commiss note tirrenia di navigazion assum role group leader respect group financi commerci strategi member compani legal independ oper geograph distinct market segment subject vari degre competit privat italian oper oper member state addit subsidi paid italian author agreement refer recit calcul cover net oper loss rout serv abovement compani award directli compani tirrenia di navigazion final part aid refer initi procedur invest aid aid fiscal natur call separ analysi compani group commiss acced italian author request decis concern tirrenia di navigazion compani detail descript aid scheme market question present tirrenia di navigazion main commerci activ provid connect largest italian island sardinia sicili secondari activ intern market connect mainland itali sicili tunisia servic offer involv good passeng transport cabotag mediterranean island temporarili exempt applic principl freedom provid servic januari virtu articl council regul eec decemb appli principl freedom provid servic maritim transport member state maritim cabotag tirrenia hold market share passeng transport market share good transport medium long distanc cabotag market recent arriv compet privat oper reduc tirrenia market share appreci compani virtual monopoli rout open market free provis servic serv increas competit year subsidi paid respect public servic oblig legal context articl law decemb maritim connect larger smaller italian island satisfi requir connect econom social develop region concern mezzogiorno end law oper entrust provid servic paid subsidi pursuant public servic contract year durat articl law stipul rout serv frequenc servic guarante determin public author basi technic propos concessionari compani end submit servic programm year accord law concessionari compani includ tirrenia di navigazion provid servic transport post packag commerci servic pure local charact accessori activ presidenti decre june specifi element proce cost enter calcul subsidi paid concess holder stipul time departur arriv rout serv abovement compani approv ministeri decre vessel concern presidenti decre stipul concessionari ship year owner expressli waiv ministri constraint oblig concess holder renew fleet period constitut specif oblig impos ship compani vessel addit assign individu public servic rout addit ordinari servic articl empow minist merchant ship arrang provis addit servic satisfi extraordinari requir public interest reason traffic law decemb stipul fare set ministeri decre propos concess hold compani fare appli ordinari travel resid migrant worker categori enjoi preferenti rate public servic agreement juli italian state conclud ident agreement year durat articl run januari tirrenia group undertak includ tirrenia di navigazion agreement state year period begin januari term articl agreement amount annual subsidi establish basi applic compani make month februari financi year applic subject interministeri consult approv month ministeri decre purpos annual subsidi enabl undertak cover loss result shortfal oper cost incom articl list detail econom paramet calcul cost element consider pursuant presidenti decre determin amount subsidi year programm accord articl public servic agreement year programm rout port serv type capac vessel maritim connect question frequenc servic fare paid includ subsidis fare resid island region year programm approv ministeri decre enact enter forc januari programm cover year approv decre left rout frequenc substanti unalt made vessel assign servic rout acquisit high speed vessel passeng vehicl transport civitavecchia olbia line june entri servic ferri napl palermo line replac ship mix transport cargo broadli equival capac programm cover year submit italian author septemb approv pend adopt programm decre march order undertak tirrenia group maintain servic refer articl law vessel dispos date decemb annual balanc subsidi agreement annual balanc subsidi paid manner initi advanc payment equival subsidi paid previou year made march year payment made june equal subsidi differ amount paid shortfal oper cost revenu year progress constitut balanc paid end year turn compani receiv sum higher net cost servic provid incom minu loss compani requir reimburs differ dai approv balanc sheet annual subsidi correspond accumul net loss servic refer year plan ad variabl amount return capit invest amount subsidi award tirrenia di navigazion pursuant public servic agreement evolv gt tabl gt effort tirrenia di navigazion lower oper cost optimis result prospect cabotag market open compani privatis futur led steadi fall annual subsidi increas observ direct consequ impact rise fuel cost compani account fare remain unchang pursuant decis public author net oper loss deriv differ accumul loss gener winter season octob record revenu earn summer period june septemb italian author loss revenu directli attribut preferenti rate appli island resid migrant worker rate impos compani higher amount annual subsidi regard return capit invest inform receiv italian author show repres percentag capit return vari year year rang line market rate appli year question commiss observ commun guidelin state aid maritim transport state amount subsidi award compens public servic oblig account quot reason return capit emploi quot applic case examin invest provid year programm compani busi plan rout serv frequenc year programm determin invest concess holder intend make period concern order guarante servic rout question investig commiss sought ascertain cost vessel acquisit depreci account purpos calcul annual subsidi commiss want check addit invest plan behalf undertak group busi plan adopt march tirrenia period element aid plan main object enabl compani group cope chang condit italian cabotag market result liberalis januari prepar termin scheme agreement sign state reduc cost servic provid pursuant abovement agreement sustain group develop make resourc creat condit privatis group compani busi plan chang invest need servic refer public servic agreement form decommiss ship transfer vessel group invest total itl billion preferenti fiscal treatment decre law octob introduc preferenti fiscal scheme miner oil fuel ship accord articl decre excis duti reduc lubric board decis initi procedur commiss express doubt fiscal relief appli vessel laid italian port mainten purpos commiss want reassur measur discriminatori maritim oper ship situat comment interest parti comment tirrenia di navigazion tirrenia di navigazion submit comment decis initi procedur letter date novemb primarili compani contest notion compens paid pursuant agreement sign state qualifi quot aid quot legitimaci decis initi formal investig procedur compani commiss long time exist scheme public servic oblig compens rais object scheme compani contend annual compens payment paid public oper strictli proport cover addit net cost public servic oblig tirrenia conclud obstacl competit market oper time tirrenia di navigazion institut proceed court instanc pursuant articl treati commiss decis initi procedur comment privat oper commiss receiv number comment privat oper compet concess holder stress aspect tirrenia practis aggress commerci polici rout competit privat oper focus characteris voyag dump price rebat defer payment system explan public aid receiv public servic oblig lack transpar tirrenia abil chang extent oblig incumb rout serv impos timet frequenc contrari natur public servic oblig servic offer privat oper rout serv tirrenia public servic appear contest financ arrang invest carri schedul busi plan element aid vessel acquir viamar tirrenia gener favour access bank loan compani group tirrenia benefit preferenti fiscal treatment miner oil board vessel laid italian port comment italian author subsidi paid respect public servic oblig letter septemb italian author forward comment initi procedur opinion articl council regul eec cabotag agreement sign compani tirrenia group remain fulli forc expiri date public servic oblig scheme deriv agreement question decis initi procedur italian author contest notion aid refer commiss decis constitut aid mean articl treati affect trade member state open italian market cabotag januari gener comment italian author stress presenc privat oper rout serv tirrenia di navigazion recent limit phenomenon confin small number rout concentr summer season method calcul annual compens consist deduct loss accumul winter revenu accru summer help amount compens strict minimum italian author compens strictli proportion respect public servic oblig characterist member state defin invest schedul busi plan italian author stress invest schedul busi plan design reduc cost servic maintain high level qualiti insist method financ plan invest aid element invest financ partli compani resourc partli mean loan contract normal market condit preferenti fiscal treatment italian author detail legal framework govern fiscal treatment miner oil fuel ship inform provid commiss show gener decis march pursuant decre law preferenti fiscal treatment provid text extend fuel lubric vessel laid port mainten oper time itali court justic contest decis initi procedur respect part injunct suspend grant unlaw aid assess aid subsidi paid respect public servic oblig exist aid measur pursuant articl treati aid grant member state state resourc form whatsoev distort threaten distort competit favour undertak product good affect trade member state incompat common market commiss note annual balanc subsidi state grant directli tirrenia di navigazion framework agreement confer compani advantag enjoi compet compani offer offer compar servic market question fact market temporarili exempt januari applic regul eec appli principl freedom provid servic maritim transport member state maritim cabotag rule possibl subsidi paid tirrenia agreement affect trade member state distort competit respect commiss note firstli oper member state present rout serv tirrenia cabotag market open record date compet compani oper liberalis market market maritim servic member state member state member countri tirrenia di navigazion oper januari commiss point risk cross subsidi servic provid tirrenia di navigazion cabotag market provid intern market compani separ account categori servic final commiss note annual balanc subsidi scheme provid agreement institut period year continu effect market cabotag servic concern open competit commiss share tirrenia di navigazion view subsidi question exist aid firstli commiss note predat entri forc treati annual balanc subsidi scheme fact set present form law addit decre law establish detail public servic oblig cost element enter calcul balanc subsidi tirreniadi navigazion enjoi term agreement commiss note authoris aid question fact commiss knowledg legisl text institut annual subsidi scheme agreement absenc prior notif mean articl tacit authoris annual subsidi scheme judgment lorenz case commiss consid subsidi tirrenia di navigazion constitut aid mean articl council regul ec march lai detail rule applic articl ec treati apprais compat aid ban aid laid articl treati absolut articl articl treati provid exempt exempt provid articl treati appli aid award tirrenia head annual subsidi aid social charact grant individu consum aid make good damag caus natur disast except occurr aid grant economi area feder republ germani regard aid social charact applic articl presuppos measur benefit individu consum favour undertak type product directli indirectli respect commiss note loss revenu tirrenia di navigazion sustain charg reduc fare island resid migrant worker account calcul annual compens italian author cover fare reduct benefit individu consum consum concern travel public oper benefit vi vi privat competitor aid qualifi exempt list articl treati aid question intend promot execut import project common european interest remedi disturb economi member state intend promot cultur heritag conserv aid question qualifi region aid mean point part multisector aid scheme open region undertak sector concern aid question regard facilit develop activ refer aid intend cover oper cost specif maritim oper fall gener plan enabl beneficiari undertak econom financi effici recours aid articl treati state undertak entrust oper servic gener econom interest subject rule contain treati rule competit applic rule obstruct perform law fact task assign develop trade affect extent contrari interest commun accord commun case law provis lai derog rule interpret restrict suffici respect compani question entrust public author oper servic gener econom interest applic rule treati specif articl obstruct perform task assign compani interest commun affect assess subsidi paid tirrenia di navigazion agreement qualifi exempt refer articl treati commiss verifi exist extent public servic oblig impos compani order apprais public servic subsidi compens cost exist public servic abovement commun guidelin state aid maritim transport stipul quot public servic oblig impos schedul servic port serv peripher region commun thinli serv rout consid vital econom develop region case oper market forc ensur suffici servic level quot virtu legal act provis agreement tirrenia di navigazion subject rout seri oblig port serv voyag frequenc time departur arriv type vessel fare charg oblig compani assum assum extent condit act sole commerci interest purpos oblig guarante principl territori continu upheld suffici number schedul maritim transport servic provid passeng good italian island region order meet social econom develop requir region commiss conced object express legitim public interest achiev simpl oper market forc tirrenia di navigazion found de facto monopoli situat rout concern law confer exclus respect purpos agreement conclud state precis guarante oblig met return compens cost directli relat loss compani incur satisfi oblig oblig question give rise compens commiss verifi compensatori amount limit strictli oblig set advanc precis manner compet public author court recognis predetermin public servic oblig precis fashion commiss note system introduc italian author defin extent public servic oblig concess holder margin flexibl rout competit privat oper concentr high season margin enabl compani adapt servic offer demand flexibl express simpl fix maximum number voyag total absenc refer number frequenc offer conjunct italian public author power chang rout port serv requir frequenc servic order adapt regulatori framework market trend year period commiss consid view flexibl allow tirrenia di navigazion term extent oblig servic question consid meet public servic requir connect task confer compani entrust servic gener econom interest confer compens accord abovement case law court order confer compens public servic oblig fix advanc public author precis manner case compani concern determin initi frequenc servic oper judg oper servic depend market circumst addit servic kind provid tirrenia rout competit profit period high season consider purpos calcul annual compens matter verifi exist extent public servic oblig entrust tirrenia di navigazion compens cost servic commiss ascertain compet oper offer servic similar compar offer public oper meet requir laid italian author ascertain carri compar examin rout rout total demand servic suppli end rout serv tirrenia di navigazion group categori compani oper competit competit privat oper focus high season year rout competit privat oper repres signific percentag tirrenia traffic passeng linear metr carri mix ferri freight carri cargo vessel competit rout recent phenomenon emerg essenti year time market experienc sharp increas demand rout regard rout competit exist privat oper commiss ascertain napl palermo competitor meet requir annual regular frequenc servic set agreement passeng good transport privat compani oper rout high season april octob offer servic limit capac involv rapid passeng transport unabl meet servic requir laid italian public author basic year round daili night time sail port civitavecchia olbia privat oper oper civitavecchia golfo aranc compet tirrenia rout high season year round competit increas june arriv oper commiss note tirrenia di navigazion meet requir agreement term frequenc dai week year round port serv departur time includ night time sail port high season commiss note compet oper year round daili link low season cumul servic suppli oper guarante daili frequenc requir agreement commiss note tirrenia di navigazion offer addit servic rout frequenc vari demand pursuant ministeri decre march servic carri june septemb altern departur fiumicino golfo aranc give tirrenia addit oper flexibl commiss stress absenc precis prior definit level servic requir servic regard meet public servic requir genoa porto torr passeng segment rout tirrenia di navigazion face competit privat oper high season low season commiss note high low season compet oper meet regular frequenc timet requir laid agreement includ year round daili night time sail port commiss note privat oper replac vessel forc suspend servic mainten reason deploi ship profit servic cruis commiss note high season tirrenia di navigazion offer addit high speed servic precis frequenc laid current rule true addit freight servic perform ro ro ferri traffic requir commiss absenc precis prior definit level servic requir servic regard meet public servic requir genoa olbia arbatax high season tirrenia face competit privat oper rout commiss note respect tirrenia di navigazion meet regular frequenc timet requir laid agreement year round daili night time sail port weekli extens port arbatax compet oper offer commiss note high speed servic tirrenia offer rout summer laid agreement offer competitor final commiss note pursuant ministeri decre octob tirrenia serv port la spezia golfo aranc daili sail june septemb livorno cagliari tirrenia di navigazion carri freight rout competit privat oper cumul servic offer appear meet agreement requir term regular frequenc capac oper oper rout establish presenc oper call question provid compens loss made public oper rout commiss note tirrenia di navigazion guarante uninterrupt year round servic current rule word tirrenia maintain replac ship rout ship year commiss note requir involv specif addit cost public oper incur privat oper commiss consid addit cost give rise compens italian author ensur amount compens paid strictli proportion addit cost gener public servic requir voltri termini imeres tirrenia ro ro vessel rout provid cargo transport servic competit servic offer privat oper mix passeng good vessel parallel rout genoa palermo commiss note servic offer privat oper satisfi public servic requir set agreement term capac frequenc compens establish earlier year period privat oper establish properli meet requir year period context commiss note italian author undertak cancel servic offer tirrenia rout period longer account calcul public servic compens amount regard servic provid tirrenia rout competit commiss note concern good passeng transport tabl rout servic oper tirrenia competit year period provid previou year period gt tabl gt absenc competit rout decad show free plai market forc suffici guarante transport servic tirrenia provid accord agreement compens compani offset extra cost gener suppli servic commiss note system introduc agreement tirrenia oper intern rout net oper deficit account calcul annual subsidi appli itali malta rout cagliari trapani tuni rout commiss point rout intern maritim transport market italian cabotag market market subject actual potenti competit commun oper compens analys oper aid authoris pursuant articl inform suppli italian author show itali malta rout oper year round basi arriv market competitor summer season led italian author restrict servic oblig winter period suspend servic rout june circumst commiss consid absenc compar servic offer commun member countri oper compens paid tirrenia date need meet servic requir laid italian author addit absenc proven competit commun oper compens paid tirrenia cover net deficit oper rout natur affect trade member state extent contrari common interest cagliari trapani tuni rout commiss observ link tunisia extens cagliari trapani cabotag rout tirrenia oper competit inform forward italian author show servic perform intern part rout entail addit financi burden account calcul annual compens figur suppli year inclus show net posit result trapani tuni connect help reduc deficit record cagliari trapani link turn neg sum account calcul annual compens compens determin annual compens paid tirrenia correspond minimum need provid servic meet public servic requir laid italian author commiss examin paramet gener addit cost public oper servic provid commiss note compens calcul mechan incom made high season reduc deficit accumul low season result result level annual compens remain lower accumul deficit ad rout rout commiss note compani proce subject dual constraint term fare preferenti fare social categori compani obtain public author approv chang fare inform forward italian author show tirrenia free adapt fare account oper cost dual constraint lead appreci reduct compani incom reflect amount annual compens circumst aggress commerci polici characteris predatori price commiss note cost element consider order calcul compens defin public author leav compani margin discret element reflect fix variabl cost directli link provid servic classifi public author servic gener interest cover agreement previous cite tabl recit cost element includ depreci vessel expenditur fuel miner oil ship depreci commiss consid extent ship question exclus servic cover agreement cost element regard provis servic legitim enter calcul annual compens cost fuel miner oil ship commiss found discriminatori element reduc cost fuel lubric benefit tirrenia di navigazion compar maritim oper enabl commiss check compens paid proport public servic requir italian author analysi oper account rout serv public oper year analysi show rout profit annual basi present substanti deficit winter period loss make rout profit essenti competit privat oper focus commiss note mechan calcul annual compens net posit result rout show profit help reduc amount compens award ensur proportion commiss consid gener cost directli link burden result public servic oblig laid italian author consider calcul annual compens net cost addit servic subject regular frequenc capac requir account annual compens figur commiss note provid servic oper high season rout competit prove profit contribut oper deficit compens intend offset servic compar level competit shown exist livorno cagliari rout inform provid italian author show rout oper loss account purpos calcul annual compens amount commiss note arriv market compet oper post date approv year plan respect year period commiss consid italian author deem continu compens loss incur tirrenia rout competitor present market consid establish end annual compens amount includ net cost servic offer tirrenia rout total cost minu incom gener servic situat year period commiss consid addit cost engend public oper maintain replac vessel order ensur regular servic year round oblig vessel year charg fare impos italian author henceforth account purpos calcul annual compens oper cost account constitut overcompens incompat articl treati examin proportion aid paid tirrenia commiss awar studi independ consult hereinaft quot azzurra studi quot commiss complain project profit rout oper tirrenia term agreement analysi base project oper result fictiti compani azzurra di navigazion subject regular frequenc capac vessel type requir tirrenia subject medium long distanc nation connect oper tirrenia studi divid rout oper azzurra categori profit balanc loss make take refer year studi show azzurra obtain posit net oper result rout itl million inform forward italian author suppli analyt account tirrenia drawn independ expert reveal year public oper made net oper loss itl million rout tirrenia oper result close azzurra situat rout light discrep commiss call independ consult pinpoint reason establish rule exist overcompens studi commiss consult highlight difficulti draw work conclus compar oper result project fictiti compani azzurra supposedli enter market provid servic compar tirrenia result public oper record tabl show cost element consider calcul annual compens tirrenia azzurra refer year case tabl show cost revenu record public oper rout refer agreement subject competit tabl ii estim cost revenu fictiti oper provid compar servic year round rout oper tirrenia situat competit de facto monopoli except intern segment cagliari trapani tuni rout tabl gt tabl gt tabl ii tabl abovement studi analisi della redditività di alcun line di cabotaggio italian gt tabl gt fact commiss consult pinpoint main sourc discrep azzurra tirrenia result term cost revenu make rule theori tirrenia cost overestim rout gener studi show azzurra servic offer refer year prove insuffici meet traffic demand high season demonstr underestim cost hire ship put itl billion cost fuel miner oil need azzurra fleet underestim itl billion azzurra personnel cost calcul net relief provid law tirrenia relief account year commiss consult relief estim itl billion econom term impact calcul discrep refer reduct azzurra oper cost itl billion refer year commiss note case question cost public servic determin context public procur procedur allow assess made addit cost deriv public servic circumst commiss determin cost consider calcul compens word concess holder cost directli connect strictli provis public servic commiss note respect tabl show cost element account tirrenia hand azzurra essenti albeit account structur cost born compani compar level cost take account explan provid diverg result obtain compani commiss deduc tirrenia meet reason profit criteria market loss confin essenti winter compens profit made essenti summer tirrenia profit compar azzurra correspond profit market excess cost compens consid correspond tirrenia net loss refer earlier year cost structur compani tirrenia azzurra compar level cost moment commiss note extern factor time inflat interest rate movement tax fuel price compar impact compani cost tabl show evolut tirrenia cost gt tabl gt inform italian author show time tirrenia individu cost element due extern factor inflat interest rate data tabl gt tabl gt gt tabl gt chang time compens award tirrenia relat directli compani cost tabl incom recit tabl turn reflect factor extern compani inflat upgrad tirrenia fleet led ration commiss point upgrad directli link oblig impos tirrenia agreement vessel year public servic rout trend time cost incom explain parallel compens award tirrenia di navigazion circumst consider outlin commiss consid tirrenia total net loss previou year correspond amount compens compens paid tirrenia compani net loss reason return capit invest strictli proport addit cost entail public servic task entrust concess holder effect aid trade commit enter italian author period commiss note articl regul eec maritim cabotag state public servic contract remain forc expiri date instanc decemb commiss note agreement cover main sea connect sicili sardinia greater part cabotag italian island mediterranean larg part cabotag island region western mediterranean circumst italian cabotag market open restrict januari commiss consid payment balanc subsidi tirrenia di navigazion provid agreement affect develop trade extent contrari interest commun subsidi effect strengthen posit compani market question enabl elimin current potenti competit market commiss believ case applic agreement futur year period lead increas capac offer tirrenia di navigazion part public servic agreement scheme profit line competit privat oper concentr data forward italian author show present time capac offer market tirrenia privat oper suffici satisfi demand transport includ season peak passeng good segment respons concern express topic commiss letter date march italian author forward draft regulatori framework rout tirrenia requir serv servic provid year period includ rout frequenc type vessel capac offer public oper high low season agreement draft show servic consider purpos calcul annual balanc subsidi italian author undertaken formalis commit ministeri decre approv year plan clear draft decre tirrenia servic offer lower present commiss note italian author undertaken reduc offer public oper servic main rout competit privat oper focus order leav room oper undertak signific genoa porto torr civitavecchia olbia rout capac reduct concentr high season repres capac tirrenia di navigazion offer line configur servic offer tirrenia di navigazion line primarili maintain daili night time sail direct year round addit activ strictli defin advanc begin june end septemb meet continu regular basi addit result tourism region concern commiss note capac reduct propos italian author lead fall public oper offer rout level lower servic offer provid year plan agreement conclud constitut refer framework servic subsidis regard rout competit capac reduct effect stabilis offer level privat oper appear long medium distanc cabotag market gt tabl gt increas demand rout met privat oper take advantag trend enter market step offer servic high season reduct public oper servic offer period increas favour trend competit genoa olbia arbatax rout concern commiss note italian author plan maintain tirrenia offer period current level hand undertaken end parallel la spezia golfo aranc summer sail bring offer servic liguria northern sardinia back level equal year period commiss note commit enter italian author period remov margin discret compani previous enjoi level servic offer rout provid full accur pictur network servic public oper requir suppli year period term agreement commiss consid refer framework subsidis servic make agreement scheme transpar oper market import guarante perman framework period consider end commiss consid adapt offer subsidis servic period notifi advanc order examin adapt relat insuffici suppli servic oper event increas demand invest schedul year plan busi plan regard invest schedul year plan commiss decis initi investig procedur express doubt arrang financ invest need provid subsidis servic agreement want check extent cost ship acquisit depreci enter calcul annual compens addit fact tirrenia guarante subsidi includ cost depreci fleet commiss assimil implicit guarante part italian state enabl public oper shoulder econom risk inher invest point born mind tirrenia oblig agreement vessel year subsidis rout vessel exempt expressli grant public author oblig constitut public servic oblig led tirrenia renew substanti part fleet year ag reach vessel rout refer year plan addit type vessel rout serv tirrenia laid ministeri decre approv amend year plan acquisit ship transfer decommiss oldest ship authoris ministeri decre specifi servic vessel assign tirrenia invest line strategi develop servic provid public oper year refer period strategi provid year plan approv public author legal context commiss check year period cost acquir ship depreci cost vessel tirrenia di navigazion public servic line fulfil requir set italian author account proportion manner calcul annual compens commiss observ tirrenia introduc vessel older vessel time decommiss result increas capac link renew public oper fleet cost acquir vessel concern inform provid italian author show purchas made partli compani resourc partli mean bank loan appear rate charg credit institut involv line rate enjoi period compani compar size turnov sector economi appear tirrenia di navigazion enjoi direct guarante italian author repay loan commiss acknowledg exist agreement state assur investor commit honour enabl tirrenia modernis fleet bear econom risk born commerci oper advantag assimil implicit guarante constitut state aid mean articl treati intrins agreement conclud durat year entri forc regul eec commun guidelin state aid maritim transport oj addit note vessel acquir tirrenia pursuant agreement assign exclus line servic provid year plan advantag integr part public servic agreement qualifi exempt refer articl treati depreci cost ship tirrenia rout refer year plan commiss note cost element term articl agreement enter calcul annual subsidi depreci calcul linearli year period except ultra high speed vessel durat limit year depreci vessel serv connect recognis gener interest italian author calcul criteria laid agreement examin analyt account rout reveal element overcompens respect year period consid commiss believ mechan agreement introduc vessel depreci account calcul annual compens authoris articl treati provis servic recognis gener interest presuppos vessel type capac predetermin public author depreci account calcul annual compens provid vessel question acquir compani normal market condit order meet oblig exclus regular transport servic rout cover agreement case tirrenia di navigazion commiss note vessel question exclus servic rout recognis gener interest result depreci account total annual subsidi calcul true invest need provid servic prescrib italian author year period correspond term type capac commit enter author requisit servic level addit invest schedul busi plan point implement plan suspend initi procedur commiss note commit enter italian author period exclud tirrenia di navigazion addit invest provid plan except vessel replac rout cover agreement scheme inform forward italian author show ship purchas condit similar previou paragraph invest set year plan intend exclus servic rout acknowledg gener interest depreci account total calcul annual subsidi conclus basi forego commiss note doubt compat aid award tirrenia di navigazion agreement adopt decis articl aid award itali tirrenia di navigazion januari decemb compens provid public servic compat common market articl januari decemb aid award itali tirrenia di navigazion limit cover addit cost aris loss incur provis servic commit enter itali abovement period itali notifi commiss advanc chang level servic abovement period articl public servic oblig impos tirrenia di navigazion year period notifi commiss advanc articl januari addit cost deriv loss incur provis servic impos itali tirrenia di navigazion subject separ account line concern articl itali inform commiss month date notif decis measur compli therewith articl decis address italian republ brussel june commiss loyola de palacio vice presid oj footnot oj sourc conto nazional dei trasporti data pricewaterhousecoop studi valutazion dei criteri di predisposizion dei conti economici gestionali linea stagionalità relativi agli esercizi complet year italian author studi reproduc analyt account tirrenia compani assess oper cost incom rout expenditur fuel amount itl million soar itl million oj case progress case progress european court justic case lorenz ecr oj guidelin nation region aid oj judgment court instanc februari case fédération français de société assur ffsa al commiss ecr ii paragraph ground judgment refer previou footnot judgment court decemb case merci convenzionali porto di genova ecr paragraph judgment court februari case quot spanish maritim cabotag quot publish ibid recit data refer quot azzurra quot studi port golfo aranc situat km olbia regard interchang servic provid oper low season suspend autumn port fiumicino civitavecchia regard interchang case port golfo aranc olbia port la spezia genoa regard interchang olbia golfo aranc port voltri genoa regard interchang termini imeres palermo analisi della redditività di alcun line di cabotaggio italian june analisi comparativa dei conti economici gestionali di tirrenia di navigazion azzurra di navigazion pricewaterhousecoop decemb refer year azzurra studi compar studi perform commiss consult year italian cabotag market open free provis servic year privat oper step presenc compar previou year year commiss relev econom data relief authoris commiss letter sg august data abovement studi pricewaterhousecoop instanc recent acquisit high speed vessel financ loan banco di napoli itl billion variabl rate equal month euribor rate rais repay year inform forward italian author show credit institut grant loan time larg compani similar condit commiss notic applic articl ec treati state aid form guarante oj