German shipbuilding association VSM has praised a plan by the European Union to move towards a level playing field on subsidies.
The group said it welcomes new proposals in a white paper that could help European shipbuilders in their battle against Asian yards that have been granted state aid.
"The EU's strict state aid control excludes such subsidies in the EU member states and there are still no instruments to combat distortions of competition in third countries," VSM said.
