Moore Stephens, the UK shipping advisory firm which recently advised shipowners to lobby for a new window to opt into the country's tonnage tax system, has further advice for shipping companies.
The Bahamas Maritime Authority will waive registration fees for new vessels for 1 year effective August 1 2010 and is reducing other registration fees by half as a response to current economic conditions.
In a time in which German shipowners are already displaying a preference toward flagging out, the German government is reducing subsidies for owners who register their ships nationally.
Moore Stephens advises that in light of forthcoming changes in UK corporate tax policy, shipowners request a new window of opportunity to elect into the country's tonnage tax system.
The Paris MOU on Port State Control's 2009 Annual Report, released last month, provides the maritime community with updated white, grey, and black lists, classifying flag states according to performance.
The Marshall Islands Registry discusses global issues such as UN Sanctions on Iran and how the Deepwater Horizon incident has affected their perception by others.
The two months since the Deepwater Horizon disaster have fueled discussion regarding how flag states and classification societies can work with owners and governments to prevent future disasters.
