China

Link-up is a rare win-win transaction for offshore these days as it keeps vessel prices low for the US owner but high for the Chinese shipbuilder

On 16 January, it was announced that Bermuda’s ship registry had been granted ‘Most Favoured Nation’ status from China.

Bermuda received the status as part of an existing UK/China agreement, which will offer several advantages to the Island’s maritime industry.

The latest issue of Marine Money Asia features an analysis of China's recent policy to subsidize replacement vessels within the nationally registered fleet:

New China scrapping policy

International Chamber of Shipping Chairman Masamichi Morooka has written to the Chinese Minister of Finance requesting the Ministry reconsider the impact of its value-added tax on foreign companies.

The ICS reports: