British Ports Association urges government come up with alternative plans to avoid messy withdrawal from European Union.
The British ports sector is on edge over Parliament's rejection of Prime Minister Theresa May's Brexit deal, fearing the departure will take effect in 73 days without an accord in place.
International accountant and shipping adviser Moore Stephens says the UK Budget 2017 contained no unwelcome surprises for the shipping industry, and some good news for the offshore sector.
Gearbulk Holding has announced intentions to relocate its operations and company registration to Switzerland in what appears to be a continuing trend toward consolidation.
Moore Stephens has submitted a request to Her Majesty's Revenue & Customs (HMRC) regarding the process in which "the written-down values of vessels are calculated under the UK tonnage tax rules, which it considers are not realistic in terms of their interaction with the capital allowances regime."
A spokesperson for the firm issued the following release:
The Jersey Ship Registry has signed a Memorandum of Understanding with the United Kingdom's Maritime and Coast Guard Authority (MCA) allowing it to register commercial vessels of up to 399 gross tons.
