Cruise Lines Win Partial Victory on HMT

Thursday, August 08, 2002
The U.S. Court of International Trade ruled that the value of a cruise fare for purposes of the Harbor Maintenance Tax (HMT) only includes the fair market value of the shipboard services. In the instant case, the Customs Service had assessed the HMT based on the full price paid by individual passengers. That full price included such things as airfare, travel agent commissions, port taxes, and Customs/INS fees. The court ruled that such inclusion was inconsistent with the HMT statute. Carnival Cruise Lines, Inc. v. United States Source: HK Law
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Legal

MHI to Change Name of Group Company

Effective November 1 Mitsubishi Heavy Industries, Ltd. (MHI) will change the name of its group company in Singapore from Mitsubishi Heavy Industries Engineering & Services Private Ltd.

NAO Announces Financials, Declares Dividend

Nordic American Offshore Ltd. has declared a dividend of $0.45 per share for 3Q2014, as previously announced. This is the same dividend as for the previous two quarters.

Kirby Corp. Announces Record 3Q Results

Record 2014 third quarter earnings per share of $1.34 compared with $1.21 in the 2013 third quarter, which included a $0.08 benefit due to the reduction of the United earnout liability.

Casualties

USCG Suspends Search for the 2 Migrants

The Coast Guard suspended its search Wednesday at 3 p.m. for two missing Cuban migrants in the vicinity of Caesar Creek, Florida, to Haulover Inlet, Florida.

Miko Marine Launches US Subsidiary

Miko Marine AS has opened a subsidiary in Morgan City, La. from where it will be able to supply ship operators and salvage companies throughout the United States with its range of products,

USCG Rescues Injured Woman from NC Sailboat

The Coast Guard medevaced an injured woman from a grounded sailboat Sunday just east of Seagate. Watchstanders at Coast Guard Sector North Carolina in Wilmington

 
 
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