Norwegian Owners Welcome Back Liberian Registry

Friday, February 15, 2008
The Norwegian Shipowners' Association (NSA) has lifted its recommendation not to use the Liberian ship registry, which has been in effect since 2001. The NSA says, “The basis for normalising the NSA's position on the Liberian registry includes the positive developments in Liberia, the position of the UN and the Norwegian authorities, and the increased transparency concerning financial transactions between the registry and the Liberian authorities.”

In late 2001, the NSA recommended its members not to use the Liberian registry until the country “answered the UN's call for increased transparency surrounding cashflows from the country”. In addition, the NSA noted at that time that “the UN Security Council has adopted a number of resolutions on the situation in Liberia …” The NSA says, “The Norwegian authorities have now recognized the positive developments in Liberia, not least by upgrading the Norwegian diplomatic presence in the country, cancellation of debts and providing assistance for reconstruction. On this basis, and because the Liberian registry has met the requirements of increased transparency concerning financial transactions between the registry and the Liberian government, the board of the NSA has found it appropriate to lift the recommendation to its members not to use the Liberian ship registry.”

Maritime Reporter November 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Legal

US Plans to Shut Royalty Loophole on Coal Exports

U.S. coal companies will no longer be able to settle royalties at low domestic prices when they make lucrative sales to Asia according to reforms proposed by the Interior Department on Friday.

Denmark Issues New Pilotage Regulations

In an effort to make the pilotage market more efficient, the Danish Maritime Authority (DMA) issued several new regulations following on amendments to the pilotage act.

US Shippers, West Coast Dockworkers Union Resume Contract Talks

Negotiators for shipping lines and terminal operators at 29 U.S. West Coast ports resumed contract talks with the union for dockworkers on Thursday, as cargo backups continued at the ports,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Offshore Oil Pipelines Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1028 sec (10 req/sec)