The new Greek government led by Prime Minister Kyriakos Mitsotakis has pledged to make a more legal and tax friendly environment for shipping.

The Cyprus Shipping Chamber (CSC) described 1 March as "an historic day" as it marked the first anniversary since the island’s stand-alone Deputy Ministry for Shipping was established.

Liang Xiaolei (Simon Liang), former chairman and ceo of Chinese private shipyard company Sinopacific Shipbuilding, has been arrested by Myanmar police over tax issues.

Hong Kong chief executive Carrie Lam announced a raft of incentives and measures for the maritime and shipping sectors in her 2018 policy address, including for ship leasing, marine insurance and the ship registry.

Denmark has placed digitalisation and being a knowledge hub at the heart of plan to grow its shipping sector to be a global maritime hub by 2025.

While Wartsila may have carried out a successful test of an autonomous offshore vessel last month those representing the workers in the transport industry question both the productivity and economics of automated ships and ports.

Challenges facing Greece and Piraeus, the home of Greek shipping, have become more evident at a time when global maritime clusters around the world are actively working to attract Greek shipowners.

Senior British officials were in Athens recently urging the Greek shipping community to have faith in the City of London after the UK leaves the European Union.

Greek shipowners will extend for another 12 months the additional tonnage tax they have agreed to voluntarily pay to help the Greek state meet its financial obligations.

The findings of two studies have added fuel to the fire which has been smouldering between the Greek government and the country’s   shipping community and the European Commission and German Finance minister Wolfgang Schauble.

Page 1 of 5