In June 2018, the International Maritime Organization (“IMO”) announced the adoption of an initial strategy to reduce total greenhouse gas (“GHG”) emissions attributable to the international shipping sector by at least 50% by 2050.[1] While the IMO and…
The Poseidon Principles: Shipping Emissions Reduction Efforts Steer Into New Waters Read More »
On August 19, 2020, the US Department of State notified Hong Kong authorities of the suspension or termination of the shipping tax treaty between the US and Hong Kong (the “Shipping Tax Treaty”). This step was mandated by Executive Order 13936, issued …
US withdrawal from Hong Kong shipping tax treaty: effects and considerations Read More »
Cyprus is seen as one of the most attractive shipping hubs in the world. A number of ship management companies operating in Cyprus are considered amongst the largest of their type. Cyprus is a member of many international maritime organisations such as…
Cyprus: Cyprus Tonnage Tax System Read More »
The UK Supreme Court has granted leave to appeal the recent decision in Alize 1954 v Allianz Elementar Versicherungs AG (The “CMA CGM LIBRA”). While the decision involved General Average, we discuss the ramifications of the finding of unseaworthiness a…
On 19 August 2020, the US State Department announced the “suspension or termination” of various agreements with Hong Kong, including the termination of the bilateral, US-Hong Kong International Shipping Agreement, which relates to the tax t…
The End of the US Shipping Tax Exemption for Hong Kong Read More »