September 2012

Grenada Inland Revenue Division Promoting National Economy

The Grenada Inland Revenue Division is promoting itself through social media and a songwriting contest running until October 15th.

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International Yacht Bureau Welcomes 500th Vessel

The International Yacht Bureau has recently added its 500th vessel to its registry.

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Piracy Winding Down?

The Associated Press has recently written, the "Party appears to be ending for Somali pirates" as shipping companies fight back with private security personnel and military intervention, but whether that proves true ultimately has yet to be determined.

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French Court Upholds Ruling Against State-Owned Company

The French court has upheld its conviction of national oil company Total for the casualty of the tanker Erika off its coast in 1999.

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Panama, Cyprus Concerned over Weighing Proposals

Panama and Cyprus have expressed concern that proposed container weight requirements should be clarified further before being ratified.

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US Continues Iranian Clampdown

The US is currently targeting Moldova in its latest efforts to deter Iran's development of its nuclear weapons program.

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Private Security Firm Calculates Economic Cost of Piracy

Managing director of private security firm Protection Vessels International (PVI) Eric Conway has published the paper "Calculating the Cost of Piracy" - a cost which affects flag states.

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Tuvalu Completes Iranian Vessel and Company Delistings

Tuvalu has affirmed that it has removed all Iranian-linked vessels and companies from its registries as previously scheduled.

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New Zealand to Amend Maritime Transport Act

New Zealand has proposed a Bill that would introduce amendments to the 1994 Maritime Transport Act including implementation of three international maritime conventions and blood-alcohol limits for crewmembers.

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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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