The Maritime Law to be implemented by the UAE, aims to protect abandoned seafarers, extinguish ‘ghost ships’ in its waters and allow 100% foreign ownership of maritime companies. The maritime law will come into force by early next year.
The ITF continued its collaboration with the Government of the United Arab Emirates, during a meeting in Dubai. ITF and UAE discussed the successful cooperation on helping seafarers abandoned in UAE waters. The partners talked abandoned seafarers, discussed future work and assessed the ITF-UAE memorandum of understanding (MOU).
A robust compliance system and the use of tax automation would enable large logistics companies to comply with specific VAT requirements with regard to the information requested by the Federal Tax Authority (FTA) during VAT Audit, according to a new report analyzing VAT implications on shipping and logistics sector of the UAE.
As the Standard Club informed, it has been notified by its Dubai correspondent, regarding the UAE FTA Circular No 5 of 2019 dated 9 June 2019. The circular requires foreign flag representatives in the UAE to apply to the FTA before 30 June 2019 in order to continue with their activities in the UAE.
In light of the ongoing tensions between the US and Iran following the two tanker attacks in Strait of Hormuz earlier in June, the United Arab Emirates said on Wednesday that clear and convincing evidence was needed in order to determine which state is to blame for the attacks.
Stability and energy security are paramount to economic growth and any attack on a single tanker is an assault on the entire international community, said Dr. Sultan bin Ahmad Sultan Al Jaber, Minister of UAE State and CEO of Abu Dhabi National Oil Company (ADNOC).
The two oil tankers, that became subject of two subsequent attacks on Thursday while transiting the Gulf of Oman, are being assessed off the coast of the United Arab Emirates before their cargoes are unloaded, the ships’ operators said on Sunday.
The product tanker ‘Kokuka Courageous’, one of the two ships that became subject of attacks on Thursday while transiting the Strait of Hormuz, is now safely under tow in the Gulf of Oman heading towards Khor Fakkan, UAE, the ship’s manager Bernhard Schulte Shipmanagement (BSM) said in an official update Friday.
Two oil tankers were hit in a suspected attack in the Gulf of Oman Thursday morning, increasing alarmingly oil prices, amid an ongoing tension in the Middle East. The incident comes only a month after a similar incident in which four tankers in the region were struck.
The Norwegian Maritime Authority informs that in light of the sabotage act against four vessels off Fujairah port, the Maritime Security (MARSEC) adjusted the security levels in the area to ISPS1 and advise shipowners to carefully consider measures from ISPS2.
