The United Kingdom has amended proposed legislation that would have negatively affected shipowners enrolled in the tonnage tax scheme if they chartered out vessels.
A Lloyd's List Intelligence study indicates that Iranian crude oil export volumes for March 2012 were one-third lower than their monthly average for 2011, potentially suggesting that sanctions imposed on the country are having an effect.
The U.S. law firm Holland and Knight explains that in today's world of sanctions on Iran, North Korea and Syria shipping companies need to be extra cautious in conducting trade.
Commonwealth Eminent Persons Group representative Sir Ronald Sanders has spoken out against allegations claiming several Caribbean countries' support for Argentina's boycott of the Falkland Islands registry.
The Argentine Confederation of Transport Workers is boycotting British-flagged vessels in the latest development in the two countries' dispute over the sovereignty of the Falkland Islands.
