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10 December 2019 The on-line newspaper devoted to the world of transports 12:42 GMT+1

October 9, 1998

Italy to award subsidies to Lloyd Triestino

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 ......
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