Monthly archive

December 2011

Panama Chamber of Shipping Welcomes International Owners

The Panama Chamber of Shipping is encouraging international shipowners registered with the Panamanian flag to join the organization, an historic act.

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India Considers Reserving One Third of Export-Import Cargo for National Flag

India is considering reserving one third of its export-import cargo to be carried on nationally registered vessels, per the request of the National Transport Development Policy (NTDP).

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Global nature of shipping lends itself to variety of tax savings options for owners, operators

Accounting firm KPMG recently published a report comparing tonnage tax systems developed by various flag states.

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Department for Transport Statistics indicate growth for UK and Crown Dependency Registries

The United Kingdom's 37th edition of Transport Statistics, released today, shows growth for the UK and Red Ensign Group registries over the past decade.

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Protecting Ships is More Complicated with Modern Global Business Model

Scott Bergeron of the Liberian Registry explains that in an era where a ship is often owned, registered, and crewed by different nations, “responsibility for protecting ships cannot be easily assigned.”

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Forthcoming Turkish Commercial Code could attract investors to flag

Turkey is implementing a commercial code effective July 1 2012 which it hopes will draw foreign banks to invest in the Turkish fleet.

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Tonnage tax not enough to draw vessels to Taiwanese flag

A tonnage tax Taiwan introduced at the beginning of this year in hopes of bringing more vessels to the register has produced less than targeted results.

The Taiwanese Ministry of Finance hoped the tonnage tax would increase the percentage of Taiwanese owned vessels flagged nationally to 15%, yet it currently remains at around four percent.

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ITF Declares Faroe Islands ‘Flag of Convenience’

The ITF has indicated the Faroe Islands, a second register with national and international components, as the latest addition to their list of "flags of convenience."

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Falkland Islands Registry's Malcolm Jamieson Speaks with the ISRR

Malcolm Jamieson, Marine Officer for the Falkland Islands and manager of the Falkland Islands ship registry, spoke with the ISRR about his experiences overseeing a predominantly local registry.

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German owners express need to increase EU-flagged tonnage

German owners have expressed concern over the need to increase the number of vessels registered with European flag states in order to benefit from tonnage-tax policies.

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