Monthly archive

May 2013

Malta Economic Secretary Cites Yachting Industry's Importance

Malta's Parliamentary Secretary for Competitiveness and Economic Growth the Honorable Dr. Edward Zammit Lewis recently wrote an editorial for the Malta Independent about the significance of the country's yachting sector.

Marshall Islands Registry Hosts Meetings Around Europe

The Marshall Islands Registry has recently traveled through Europe for a series of meetings with the Greek shipping community, Marshall Islands Quality Council (MIQC) and London shipowners, discussing IMO Conventions and armed security measures.

The flag reports:

Recent Meetings Held by the Marshall Islands Registry

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Bahamas Insurance Sector Targets Registry Market

Bahamas' insurance industry looks to tap into the country's maritime center in re-establishing itself as a captive domicile.

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Jamaica's Up and Coming Yacht Registry

The superyacht industry has identified Jamaica as rising flag choice for owners.

The registry has streamlined its tax structure and consulted International Yacht Bureau Captain Jake DesVergers to make registration more efficient.

Nigeria to Adopt MLC Best Practices

Nigeria announced last week that it is ready to incorporate the principles of the Maritime Labor Convention.

The government representatives expressed belief that implementing the policies would benefit the many Nigerians employed or seeking employment in the maritime sector.

Nigeria News Daily reports:

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Polish Shipping Industry Flags Out

Polish shipowners are expressing dissatisfaction with what they view as their government's inability to foster a favorable domestic registry environment.

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Red Ensign Yachts Affected by UK MLC Ratification Status

The UK's ratification status of the MLC will affect its Red Ensign members' competitiveness in the superyacht market compared to domiciles that have ratified the convention.

Super Yacht News reports:

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MedBerths Explains How to Avoid VAT While Sailing in EU Waters

Yacht financing website MedBerths explains in a recent post how yacht owners can arrange to sail in EU waters for up to 24 months.

Sailing VAT Free within the EU – Can it be done?

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Vedder Price Attorney Explains Marine Financing Legislation

Vedder Price's Francis X. Nolan, who served a principal draftsman of the financing charter legislation recently adopted by the Marshall Islands, wrote about the law's practical implications in the recent issue of Marine Money (April/May 2013).

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IMO Considering Legislation to Assist Shipowners with Ballast Water System Installation

The IMO's marine environmental protection committee has decided to amend ballast water treatment legislation to help shipowners meet its requirements.

Lloyd's List reports:

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