Liberian Registry Applauds Ukraine Boost for Tanker Owners

Tuesday, July 29, 2003
The Liberian Registry welcomes the action recently taken by the Ukrainian government to reduce port costs for Liberian-flag ships, which will help tanker owners and raise standards in the Black Sea trades. The Ukrainian Government Order No.1069 of 17 July 2003 cancelled the different tonnage dues tariffs for vessels flying favored and non-favored flags. Tonnage dues are now the same for both categories. The effect of the change was to remove the last tariff barrier preventing the use of Liberian-flag tankers serving the Black Sea oil export trades. Yoram Cohen, CEO of LISCR, says, "The Ukrainian government's decision to harmonise port dues so that ships of all flags calling at Ukrainian ports pay the same rate means owners can now opt for the highest quality flags to access the trade. This is good news for the Ukraine, good news for tanker owners worldwide, good news for the Black Sea, and good news for the Liberian flag. "Liberia is the flag of choice for the world's tanker fleet. The previous system in the Ukraine, under which ships of a few favoured flags were charged lower port dues, effectively made it difficult for owners of aframax and suezmax tankers trading to Black Sea ports to benefit from the efficiency of the Liberian Registry, and difficult for Ukrainian ships flying foreign flags to trade to their own ports. Now a typical 80,000 dwt vessel under our flag will see port costs cut by as much as 70 per cent when calling at Ukrainian Black Sea ports. Owners can now use their flag of choice, unhindered by two-tier charging systems for port dues. We believe this will raise safety and environmental standards in the Black Sea trades, as more vessels move to our registry and then have to meet Liberia's stringent standards." In the recently released 2002 report of the Paris Memorandum of Understanding on Port State Control, the Liberian Registry has once again underlined its reputation for the highest standards of safety and efficiency by retaining its position as the best-performing major ship register. With the introduction of more selective targeting, expanded inspections and new banning provisions, the Paris MoU is moving towards a zero-tolerance policy. It ranks individual flags in Black, Grey and White Lists, based on their performance over a three-year rolling period. The Liberian Registry is consistently in the top ten in the prestigious White List, with a significantly superior performance compared to any register of comparable size.

Maritime Today

The Maritime Industry's original and most viewed E-News Service

Maritime Reporter November 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Tanker Trends

EuronavSells Suexmax Cap Laurent

Euronav NV announced the sale of its Suezmax Cap Laurent for $22.25 million. The 1998-built 146,145-dwt vessel was wholly owned by Euronav.    The vessel was

Hoegh LNG Q3 Profits Disappoints

Oslo-listed Hoegh LNG, whose floating plants turn liquefied natural gas (LNG) into gas, reported on Monday third-quarter earnings below forecasts and offered a dividend of $0.

Torm Orders Four Tankers in $200 mln Deal

Danish shipping company Torm has signed an order for four fuel-efficient LR2 (long-range) product tanker vessels from Guangzhou Shipyard International in China for $200 million.

Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | 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: 0.0792 sec (13 req/sec)