maritime law

Liberia amends maritime law to allow lease financing

In a bid to respond to the needs of shipowners and the ship financing and legal community, the Republic of Liberia amended its maritime law to allow lease financing structures to be recorded as mortgages. As such, Liberia is the only flag state with preferred status in China able to record financing charters.

EU approves Portuguese tonnage tax and seafarer scheme

The European Commission has approved, under EU State aid rules, a Portuguese tonnage tax scheme, which, together with a scheme to support seafarers, will encourage ship registration in Europe and contribute to the competitiveness of maritime transport, while preserving employment and promoting high environmental standards.

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maritime events