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ITF Targeting Asia
Today begins the International Trade Federation's second week of inspections of vessels that call on ports in Mumbai, Kandla, New Mangalore, Paradip, Visakhapatnam, Kolkata and Haldia.
The...
German owners express need to increase EU-flagged tonnage
German owners have expressed concern over the need to increase the number of vessels registered with European flag states in order to benefit from tonnage-tax policies.
The European Union requires...
Tonnage tax not enough to draw vessels to Taiwanese flag
A tonnage tax Taiwan introduced at the beginning of this year in hopes of bringing more vessels to the register has produced less than targeted results.
The Taiwanese Ministry of Finance hoped the...
Forthcoming Turkish Commercial Code could attract investors to flag
Turkey is implementing a commercial code effective July 1 2012 which it hopes will draw foreign banks to invest in the Turkish fleet.
Ambiguities in Turkish legislation have led many foreign...
Protecting Ships is More Complicated with Modern Global Business Model
Scott Bergeron of the Liberian Registry explains in the following editorial that in an era where a ship is often owned, registered, and crewed by different nations, “responsibility for protecting...
Global nature of shipping lends itself to variety of tax savings options for owners, operators
In its recent report on the shipping industry, accounting firm KPMG compares tax systems developed by various flag states, explaining that shipowners and operators have a variety of options available...
India Considers Reserving One Third of Export-Import Cargo for National Flag
India is considering reserving one third of its export-import cargo to be carried on nationally registered vessels, per the request of the National Transport Development Policy (NTDP).
Sources close...
Panama Chamber of Shipping Welcomes International Owners
The Panama Chamber of Shipping is encouraging international shipowners registered with the Panamanian flag to join the organization, an historic act.
The Chamber is being motivated by the possible...
Mercosur Imposes Ban on Falklands-Flagged Vessels
The South American Trade bloc Mercosur has implemented an embargo on vessels registered with the British Overseas Territory the Falkland Islands, in response to an ongoing sovereignty dispute between...
Year in Review: The Industry’s Discussion Regarding the Use of Armed Guards in 2011
An editorial by Lloyd's List's Tom Leander states, "When the history of shipping’s response to Somali piracy is written, 2011 will be seen as a watershed year." Specifically, and as demonstrated by...
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