In a landmark move on 27 December 2023 the Bermuda Government took a significant step by adopting the Corporate Income Tax Act 2023 (the “CIT Act”), a pivotal piece of legislation that promises to reshape the island’s financial landscape. The new legis…
Bermuda Corporate Income Tax and the Shipping Income Exclusion Read More »
Introduction On 21 November 2023 and following extensive consultation periods, the amendment to the Climate Delegated Act (Delegated Regulation (EU) 2021/2139 of 4 June 2021) (the Climate Delegated Act) was formally adopted by the European Commission a…
EU Taxonomy for shipping: A transition to sustainability Read More »
Introduction On 21 November 2023 and following extensive consultation periods, the amendment to the Climate Delegated Act (Delegated Regulation (EU) 2021/2139 of 4 June 2021) (the Climate Delegated Act) was formally adopted by the European Commission a…
EU Taxonomy for shipping: A transition to sustainability Read More »
While the shipping industry is still coming to terms with the EU Emissions Trading Scheme (“EU ETS”) the next decarbonisation initiative, FuelEU Maritime (“FuelEU”), is rapidly sailing into view. FuelEU is part of the EU’s Fit for 55 Packag…
In April, BIMCO published a revised ship management agreement, SHIPMAN 2024, following a two-year review process involving input from shipowners, managers, P&I clubs and insurance and legal experts. BIMCO has included a number of clauses in SHIPMAN…
New age of ship management Read More »