Council Regulation (EC) No 844/94 of 12 April 1994 amending Regulation (EEC) No 1101/89 on structural improvements in inland waterway transport

COUNCIL REGULATION (EC) No 844/94 of 12 April 1994 amending Regulation (EEC) No 1101/89 on structural improvements in inland waterway transport
THE COUNCIL OF THE EUROPEAN UNION
,
Having regard to the Treaty establishing the European Community, and in particular Article 75 thereof,
Having regard to the proposal from the Commission (1),
Having regard to the opinion of the Economic and Social Committee (2),
Acting in accordance with the procedure laid down in Article 189c of the Treaty,
Whereas Regulation (EEC) No 1101/89 (3) introduced a number of measures designed to remove the structural overcapacity in the inland waterway sector; whereas one of these measures, which is designed temporarily to curb investment in extra capacity, was  initially envisaged for a five-year period;
Whereas the said measures have contributed to the reduction of structural overcapacity in the inland waterway sector; whereas, however, the recent economic downturn has caused a drop in demand for inland waterway services resulting in renewed  overcapacity in every sector of the inland waterway transport market; whereas it is therefore appropriate to maintain the current structural improvement measures for a certain period; whereas, movereover, the concept of a 'vessel belonging to the active  fleet' should be clarified for the purposes of this Regulation;
Whereas, given that forecasts indicate that the overcapacity is likely to persist for a considerable time, it is appropriate to re-examine the situation before the end of 1996 in the light of the then existing market situation,