Trade

Joint statement IMO-UNCTAD – Call for collaborative action in support of keeping ships moving, ports open

Source: IMO & UNCTAD - "The Secretary-General of the United Nations Conference on Trade and Development (UNCTAD) and the Secretary-General of the International Maritime Organization (IMO) have jointly issued the attached statement which calls for collaborative action in support of keeping ships moving, ports open and cross-border trade flowing during the COVID-19 pandemic.

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Isle of Man and UK Agree to Tax Information Exchange

The Isle of Man and United Kingdom have announced an agreement to openly exchange tax information to achieve transparency and reduce tax evasion.

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US Issues Jones Act Waiver During Storm Aftermath

The US has temporarily lifted Jones Act restrictions for tankers delivering refined petroleum products to East Coast ports following the fuel shortage caused by Hurricane Sandy, causing a rate increase.

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Puerto Rico Challenges Jones Act

Puerto Rico has requested a study into whether it should be exempted from the cabotage restrictions of the Jones Act, but the impact of the findings on potential changes to the legislation are yet to be determined.

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Greek and Italian Ferry Competitors in Dispute

A Greek ferry provider has requested that the EU prohibit some benefits for the International Italian Register it claims are giving these ships an unfair advantage in the Adriatic trade.

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China Develops Cabotage Laws

China is expanding upon current cabotage regulations, restricting foreign registered vessels or companies trading along Chinese water routes.

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Chinese Leasing Company Hopes to Expand into Global Market

Beijing-based Minsheng Financial Leasing is experiencing great success in the national shipping market and hopes to expand into the global trade.

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Taiwan Seeks to Boost Trade by Opening Routes

Taiwan is interested in boosting its trade but flag restrictions across the country's trade route with China may limit that growth.

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Argentina Expands Flag Embargoes

Argentina has extended its ban on Falkland and British flagged ships to include registries such as the Ba

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