January 2011

Isle of Man to Increase Registry Fees: Subject to approval by IOM Parliament

We're basing this article on information from the Isle of Man Government website and are awaiting confirmation. Consideration by the IOM Parliment (the Tynwald) is scheduled for March 15-17, 2011 with approval as proposed expected. Highlights of the changes that come into force 1 April 2011: Most fees are increased by an average of 4.7% in line with inflation and with some rounding of the figures to rationalise increases into ‘sensible’ numbers.

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Bill Gallagher Muses 'The Significance of Flag During a Ship's Life'

Bill Gallagher of the Marshall Islands Registry highlights the important role of flag states have in the shipping industry in an essay originally published in Marine Money's January 2011 issue.

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Paris MOU Starts a “New Inspection Regime” on 1/1/2011

The Paris MOU has introduced a new port state control inspection regime from the 1st of January 2011. This New Inspection Regime (NIR) was developed by the Paris MOU following consultation with the industry on a mechanism to focus Port State Control inspections and to reward quality shipping.

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Paris MoU Launches New Website on 17/1/2011

The website provides access to information and activities of the regulatory authorities for Europe and Canada known as the Paris MOU on Port State Control.

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No Toll Increase for Seaway in 2011 - Now that's a surprise!

In an economic environment that seems to result in nothing but cost increases, the St. Lawrence Seaway Management Corporation is bucking the trend by announcing that tolls would remain the same for 2011.

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