October 2012

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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Marshall Islands Surpasses 85 Million GT Mark

The Marshall Islands fleet surpassed 85 million gross tons at the end of September.

The world's third-largest registry is growing at a more rapid rate than each of the top two registries, Panama and Liberia.

The flag is benefiting from rising newbuilding deliveries increasing the global fleet size.

Its gross tonnage has risen almost 14% over the past year.

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Germany to Continue Subsidizing Fleet

Germany will maintain subsidies for shipowners who register nationally in order to further strengthen the Germany fleet.

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Greece Considering Taxing Foreign Income

Greece is considering taxing shipowners on overseas earnings to generate revenue but needs to also consider the impact such a tax would have on maintaining national jobs.

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Norwegian Registry meets with UK

Members of the Norwegian and British registers met this month in the United Kingdom to discuss shared issues they face.

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Isle of Man Hosts Prestigious Event at London's Lloyd's Building

The Isle of Man Ship Registry hosted a reception for members of the industry at the historic Lloyd's Building in London outlining the benefits of registering with the flag.

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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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Malta Revokes Shipping Notices

Malta has revoked numerous Merchant Shipping Notices effective today.

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Panama to Require Accreditation for PMSCs

Panama has adopted legislation that require private military security companies to meet requirements to served onboard its vessels by January 3, 2013.

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Debate Regarding Open Registries Continues

The examination of national and open registries continues in a recent LinkedIn discussion.