The European Union (EU) council has formally adopted a new set of regulations in a bid to increase the financial transparency of ports across Europe.

The newly sanctioned rules are designed to create clear and fair conditions for access to the European port services market. They also aim to promote investment in ports, as well as improve the quality of services provided to port users and help reduce prices.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The regulations are intended to offer an easy way for new providers of certain port services to enter the market, and aim to reduce legal uncertainties for service providers and investors.

In addition, the new rules will provide greater transparency regarding port charges and public funding, paving the way for better use of public funds and the effective and fair application of EU competition rules in ports.

"The port sector is vital to the success of Europe's economy, and it stands to benefit from the transparency and clarity these new rules will bring."

Malta transport and infrastructure minister Joe Mizzi said: “I welcome these reforms.

See Also:

“The port sector is vital to the success of Europe's economy, and it stands to benefit from the increased transparency and clarity these new rules will bring.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The new regulations will be signed by both the EU council and parliament next month. The rules will then be published in the EU official journal a few weeks later, and will take effect 20 days after the publishing date.

Image: Boats in a port. Photo: courtesy of FreeImages.com.