Monthly archive

March 2013

Moore Stephens Outlines Tax Regimes Available to Industry

The OGSR team found the article, "Will shipowners come under more pressure following Amazon and Google?" from Moore Stephens accountant Philip Parr well outlined the tax regimes adopted in the industry today. Following are selected excerpts from the article.

Yacht Training Company Approved by 15 Flags and Counting

International Yacht Training Worldwide Founder Mark Fry spoke with the ISRR about how his yacht training firm became approved by more flag states than any other.

Fry said:

Registries to Convene at CMA Shipping 2013

Leaders involved in all aspects of ship registration, including flag State officials, lawyers and classification societies, will gather in Stamford, CT next week for the 28th Annual Connecticut Maritime Association Shipping Conference and Exhibition.

Marshall Islands Passes Maritime Amendment Act

Ship registration law firm Vedder Price has issued the following statement outlining the Marshall Islands' recently passed Maritime Amendment Act 2013.

Maersk Line Focuses on Singapore

Maersk Line intends to register most of its newbuildings in Singapore which has become the company's second-most chosen flag following its home registry of Denmark.

Thomas Knudsen, President of the firm's Asia-Pacific region, says the city-state features access to "pretty much all the different aspects of shipping."

UK Residential Property Legislation Will Affect Shipping

Global marine advisory firm Moore Stephens writes that draft legislation in the United Kingdom would affect shipping companies:

Shipping interests among those affected by draft UK residential property tax changes

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Bahamas to Introduce VAT

The Bahamas will implement a value-added tax effective July 1, 2014 to broaden its source of revenue.

Ocra reports:

Hellenic Shipping Registry Evolves

Greece's newly reinstated Ministry of Shipping has adopted measures to make the registry more competitive in the global market.

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Korea Seeks Government Support for Shipping Industry

Korea's maritime industry has requested government funding for shipbuilding.

Our affiliate publication Marine Money Asia reports:

Pleas to Korean government to provide shipyard with financial support

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Sweden Says Flag "Cannot Compete"

The Swedish Ministry of Transport has released a report concluding the flag cannot compete with those of other Scandinavian nations and therefore should have reduced emphasis in the country's transport policy going forward.