January 2013

Belize Offers Registration Incentives

Building upon eight percent fleet growth in 2012 and a recent promotion to the Paris and Tokyo MoU Grey Lists, the Belize registry is offering incentives to attract quality tonnage.

IMMARBE will offer a 25% discount to ships that experience no detentions within a calendar year and extend that discount to 35% to vessels that remain detention free for two or more years.

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Liberia Approves ICS Flag Evaluations

Liberia has issued the following statement on how flag states should be evaluated, particularly in terms of challenging the assumptions and terminology associated with type of registry.

PRESS RELEASE

Tokyo MoU Reforms Inspection Regime

The Tokyo MoU has announced plans to inspect vessels more or less frequently based on risk level in a system based on the Paris MoU model.

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Sweden Reconsiders Tonnage Tax

Sweden is reconsidering implementation of a tonnage tax after seeing its fleet flag out to other Scandinavian registries.

Palau Registry Unveils New Website

The Palau International Ship Registry has launched their engaging and informative website.The Palau International Ship Registry has launched their engaging and informative website.

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South Korea President-Elect Intends to Reinstate Maritime Agency

South Korea President-Elect Park Geun-Hye has announced plans to restore the country's Ministry of Maritime and Fisheries Affairs upon taking office.

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Lloyd's List Releases 2013 Fleet Statistics

Lloyd's List has released its 2013 report on the state of the global fleet, outlining the ten largest flag states and classification societies.

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Swedish Fleet Declines, Finnish Expands

The Swedish fleet stands at a crossroads as it sees its numbers decline while Finland is experiencing an uptick in registrations. Fairplay reports:

Sweden’s flag fall swells Finnish coffers

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Greece to Enforce Tax on Foreign-Flagged Ships

Greece has announced plans to tax foreign-flagged ships that are nationally managed or owned for the first time as it seeks additional sources of revenue.

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ICS Outlines Performance Table Indicators

The International Chamber of Shipping's external relations director Simon Bennett has explained how shipowners can use its recently released Flag State Performance Table as guidelines in choosing a registry.

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