Tag: Levy

The Australian Government announced in the 2014 Budget that it will reduce the rate of the Protection of the Sea Levy effective from 1 July 2014.

The decision will take effect from 1 July 2014 The Australian Government has announced that it will reduce the rate of the Protection of the Sea levy. The decision will take effect from 1 July 2014 and will save ships visiting Australian ports around $9 million a year.Removing the 2010 hike in the levy on ships entering ports will ease the cost of doing business in Australia and will put downward pressure on prices for consumers.The former Labor Government increased the levy for shipping companies from 11.25 cents per net registered tonne to 14.25 cents to meet part of the cost of cleaning up the oil spill from the Pacific Adventurer, which occurred off the south east coast of Queensland in March 2009.Since those costs have been more than met, the Coalition Government can reverse that increase.The three cent reduction in the levy will help to tackle the competitive challenges the shipping industry faces.The levy applies to ships of more than 24 metres in length entering an Australian port carrying more than 10 tonnes of oil in bulk as fuel or cargo.It is payable quarterly and is used by the Australian Maritime Safety Authority to fund the National Plan for ...

The Abbott Government will reduce the rate of the Protection of the Sea levy.The decision will take effect from 1 July 2014 and will save ships visiting Australian ports around $9 million a year.

Oil pollution levies to come into force

Ship recycling levy would lead to an unwanted increase in port dues in EU ports of 25% Several Members of the European Parliament are considering to table a compromise amendment on the draft ship recycling Regulation in order to establish a funding mechanism that would ensure the conscious recycling of ships.The fund would be financed through a tonnage-based levy, which port authorities should charge on all ships calling at EU ports, irrespective of their flag. The ship recycling levy would lead to an unwanted increase in port dues in EU ports of 25% on average. In some ports the amendment would even lead to a doubling of the level of dues.The initial proposal of rapporteur Carl Schlyter (Greens EFA / Sweden - photo) introduced a levy of 0.03 Euro per gross tonne (GT). An impact assessment of the proposal took into account ESPO's findings that port dues would significantly increase, but came to the remarkable conclusion that there would be no risk of traffic evasion, since port dues only constitute a minor part of the total cost of a ship's voyage. The impact assessment even recommended to increase the levy to 0.05 Euro, which the compromise amendment now indeed proposes."We ...

Nigeria Slaps Environmental Levy On Shipping

After aviation, India to oppose EU s maritime carbon levies

Bunker fuels more likely to be successful The international maritime sector remains firmly in the U.N's crosshairs when it comes to finding cash to fill a global fund to help poor countries tackle climate change.U.N. climate talks last week agreed the design of a Global Climate Fund to channel up to $100 billion a year by 2020 to poorer nations, but failed to make headway on where the money will come from to fill it.While a proposal to tax global shipping was dropped at the last minute at the talks in Durban, industry watchers say enough political momentum has built up and shipping will very likely become the fund's first source of financing."The writing is on the wall. Every independent report into innovate sources of finance for the GCF mentions revenues for the international maritime sector," said Andre Stochniol, a consultant on sustainable shipping.Shipping is seen as a clear target because it is not yet regulated under any international climate regime and is a new source of revenue that would not drain public purses of cash-strapped governments, he said."It is quite clear this is the most talked about idea as a potential source of revenue for the fund," agreed Lies ...