LISCR Welcomes Russian Boost For Tanker Owners

Wednesday, February 06, 2002
The Liberian International Ship & Corporate Registry (LISCR) has welcomed action by the Russian government to reduce port costs for Liberian flag ships, saying it will help tanker owners and raise standards in the Black Sea trades. Yoram Cohen, CEO of LISCR, says, "The Russian government's decision to harmonize port dues so that ships of all flags calling at Russian ports pay the same rate is good news for Russia, good news for tanker owners worldwide, good news for the Black Sea, and good news for the Liberian flag." Cohen says, "Liberia is the flag of choice for the world's tanker fleet, and for Russian shipowners flying foreign flags. Russia's old system, 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 Russia to benefit from the efficiency of the Liberian Registry, and difficult for Russian 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 two-thirds when calling at Russian Black Sea ports. Owners can now use their flag of choice, unhindered by two tier charging systems for port dues." The Liberian Registry continues to grow, as shipowners, operators, financiers and lawyers across the globe recognize its unique combination of a tried and tested legal framework, one of the best safety and quality records in the world, of any registry, and optimum levels of service and response to shipowners' and financiers' needs.

Maritime Today


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

Maritime Reporter January 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

MHI's Entity to Oversee Material Handling Equipment, Engine and Turbocharger Businesses

Today Mitsubishi Heavy Industries, Ltd. (MHI) decided in principle to launch a new wholly owned entity to integrally oversee its current businesses in material

Globus Maritime Reclassifies Board Member

Globus Maritime Limited, a dry bulk shipping company, announced today that when Georgios Karageorgiou, a Class I director of Globus Maritime Limited  resigned on December 28,

First Panama Canal Water-Saving Basin Filled

The Panama Canal Authority (ACP) announced that the first water-saving basin of the Agua Clara Locks’ upper chamber has been filled to the required level in order

Ports

COSCO Plans European Transhipment Hub

China's COSCO is forging ahead with a plan to build a European transhipment hub, reports Reuters. The state owned shipping giant is expected to make an offer for

MOL Enhances CSW Service between Asia and East Coast South America

Mitsui O.S.K. Lines (MOL, President & CEO: Junichiro Ikeda) today announced the enhancement of its Asia and East Coast South America trade by merging existing

World's Richest Travellers Prefer Panama

According to AFP Relaxnews, Panama saw the most growth in interest among the world’s richest jetsetters for travel this winter and spring.   Panama saw the most

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Pipelines Port Authority Ship Electronics Ship Simulators
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: 0.0923 sec (11 req/sec)