The new Greek government led by Prime Minister Kyriakos Mitsotakis has pledged to make a more legal and tax friendly environment for shipping.
A critical review by Intertanko of the damage caused to hundreds of ships through contaminated bunkers supplied over the past five months, has slammed the inaction by government authorities on the issue and demanded that fuel blenders and suppliers be required to fully warrant the quality of their fuels.
The Philippines Department of Trade and Industry (DTI) is planning to spur the local shipbuilding industry by providing a support package for the manufacture of small and medium-sized vessels for domestic use, local reports said.
Panama and the People’s Republic of China have signed an agreement on maritime transport.
The South Korean government is prepared to spend KRW11.2trn ($9.8bn) by 2020 by placing shipbuilding orders to help the country’s ailing shipbuilding industry tide through the downturn, reports said.
After two decades of campaigning, the shipping industry in Cyprus has welcomed a bill that is poised to establish an independent Deputy Ministry of Shipping. “This is very good news and the bill is very close to what we have been after,” said Thomas Kazakos, dg of the Cyprus Shipping Chamber.
The Egyptian minister of transport Saad El-Giushy, the Panama’s minister of maritime affairs Jorge Barakat and El-Giushy have established mechanisms for cooperation in maritime affairs between the two countries during a meeting in the city of Alexandria.
Malaysia's beleaguered shipping industry is placing its hopes on the Malaysia Shipping Master Plan (MSMP) for a revival, local media quoted Association of Marine Industries of Malaysia (AMIN) honorary secretary Nazery Khalid as saying.
With shipping and shipping related issues likely to play an important role in government plans to raise revenues and meet the demands of creditors, Greece’s incoming leftist-led coalition government has a New Ministry, Shipping and Island Policy.