July 2013

In the following editorial First International Corp. Chairman Paul Slater argues that "the only winners of the latest rash of bankrupt shipping companies seeking protection under the US bankruptcy code have been the lawyers." The OGS

Greek shipowners remain divided over the country's recent double taxation policies.

The Union of Greek Shipowners agreed to a voluntary tax increase earlier this month in order to further stimulate the national economy. This tax increase is on top the one recently imposed on foreign-flagged vessels earlier this year.

In a latest interview Cyprus Chamber of Shipping President Thomas Kazakos continues to speak for the industry's resilience despite government fiscal challenges over the past few months.

Lori Ann LaRocco, CNBC producer and author of our parent company's 2012 book Dynasties of the Sea, has recently published a feature on how the Jones Act affects US gasoline prices.LaRocco argues its repeal could lower consumer prices "as much as 30 cents a gallon." Her full article follows:<