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Port of Corpus Christi reports record year for 2019

According to a recent statement, the Port of Corpus Christi ended 2019 with record tonnages for December, with 13.8 million cargo tons. What is more, the entire year recorded 122.2 million cargo tons; a 16-million-ton improvement over 2018 tonnages.

EU extends Dutch tonnage tax regime to 2028

The European Commission informed that it has authorized, under EU State aid rules, the extend of three amendments regarding the Dutch tonnage tax regime, which is now up to 31 December 2028. The three measures regard a reduced tonnage tax rate for large vessels of over 50,000 net tones, a reduced tonnage tax base for ship management and the application of tonnage tax systems to cable – laying vessels.

Port of Houston sees 9% increase on tonnage, year-on-year

Port Houston Executive Director, Roger Guenther, provided a report of solid operating results to the Port Commission of the Port of Houston Authority, at its monthly meeting conducted on Tuesday, May 21, on the continued increases in tonnage, including resin exports.

Malta: Annual return of shipping firms benefitting from tonnage tax scheme

Transport Malta published a circular drawing the attention of all concerned to the reporting obligations contained in the Merchant Shipping (Taxation and Other Matters Relating to Shipping Organisations) Regulations. Shipping organizations falling within the scope of regulation 4(4) of these Regulations and approved as such, must submit an annual declaration to the Commissioner for Revenue.

EU approves Denmark’s tonnage tax scheme extension

The European Commission has approved the extension of the current Danish tonnage tax scheme to additional types of vessels. This aims to encourage ship registration in Europe and contribute to the global competitiveness of the sector without distorting competition.

Port of Corpus Christi sets record tonnage in 2018 despite trade war

In the first nine months of 2018, the Port of Corpus Christi reached a new milestone, setting a new tonnage record of 79.3 million tons. This surpasses the previous record of 77.9 million tons set in the first nine months of 2015, while also eclipsing the same period in 2017 by 4 million tons. 

Panama Canal announces record annual cargo tonnage for FY 2018

The Panama Canal closed its 2018 fiscal year with a record tonnage of 442.1 million Panama Canal tons. This represents a 9.5% increase from the previous year. Thus, the Panama Canal surpassed the cargo projections of 429.4 million PC/UMS tons for FY 2018, as well as the 403.8 million PC/UMS tons registered in FY 2017.

Portugal establishes new tonnage tax law

Portugal passed a new law last week, introducing new tonnage tax. The new tonnage tax is part of Portugal’s attempt to improve its shipping industry. This includes measures to improve shipping, maritime labour, infrastructure and maritime suppliers. With this law, Portugal aims to attract new shipping companies by providing attractive conditions.

Europe conditionally approves Maltese tonnage tax scheme

The European Commission announced that it has conditionally approved under EU State aid rules the Maltese tonnage tax scheme for a period of 10 years. The scheme aims to create a level playing field between Maltese and other European shipping companies, and will encourage ship registration in Europe.

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