New rules have recently been introduced in the UK to combat complex or artificial tax avoidance arrangements. These rules apply to ‘enablers’ of defeated ‘tax avoidance’ arrangements. Where the rules apply, penalties will be imposed on the enabler and …
Enablers of tax avoidance rules: the impact on shipping Read More »
Recent regulatory changes in China regarding the use of modern vessels has brought about mayhem in the market for second hand ships, as ship onwers are scrambling to comply to the new rules. In its latest weekly report, shipbroker Intermodal said that …
New Regulations in China Bring Havoc in Ships’ S&P Market Read More »
Many issues remain unresolved following last week’s intersessional working group (ISWG) meeting at the IMO to develop guidelines to support the consistent implementation of the 0.50% sulphur from 1 January 2020. The meeting made good progress on planni…
Much work remains on IMO’s implementation guidelines for 2020 sulphur limit Read More »
Reports suggest that possibly up to 100 vessels may have been affected by contaminated marine fuel oil stemmed at ports in the Houston and US Gulf region, giving rise to significant concerns in the industry, as well as a range of both practical and leg…
Questions on US clean up operation Read More »
In what seems to be a very healthy development for the future potential of the dry bulk market, shipbroker Allied reported this week, that during the first half of 2018, the net fleet growth was significantly lower than even the respective period of 20…
Dry Bulk Market: Net Fleet Growth Keeps Falling in Boom Sign for Rates Read More »