Australian Budget Reverts Temporary Shipping Levy

By George Backwell
Thursday, May 15, 2014
Image credit Dominic Alves CCL

Trade association 'Shipping Australia' says it applauds the Abbott Government’s decision to return the temporary levy on shipping to its original (lower) level.

The Government’s budget night announcement that it will return the Protection of the Sea Levy to its original level of 11.25 cents per net registered tonne has been enthusiastically welcomed by the shipping industry. 

“This decision rights a wrong that was perpetrated when the temporary levy remained in place after achieving its purpose back in 2012,” Shipping Australia chairman Ken Fitzpatrick said.

 “Shipping Australia has fought long and hard, repeatedly representing this matter to Government on behalf of the shipping industry and it has taken more than two years and a change of Government to see a fair result at last.

“The industry was supportive of the establishment of a line of credit to enable the Australian Maritime Safety Authority to respond immediately to any future pollution incidents and so to minimise their impact.  The pollution response reserve provides an additional guarantee.

“It is heartening to see the Abbot Government deliver on a promise previously broken by their predecessors,” he said.

The shipping industry operates in a very competitive environment with narrow margins and ultimately additional levies are paid by the consumer. The removal of this levy will contribute to making Australia’s exports more competitive and strengthen our economy.

“At a time where the shipping industry is doing it tough and with a persistently high dollar this will provide some relief from the building pressure on freight levels,” Ken Fitzpatrick said.

About Shipping Australia
The national shipping association comprises 7 member shipping lines and shipping agents that would be involved with over 70% of Australia’s container and car trade, over 60% of  break bulk and bulk trades and significant cruise ship and tug operations.
 

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

People & Company News

Australian Defence Minister Says Would Not Trust Submarine Firm to Build Canoe

Australia's defence minister has said he would not trust state-owned Australian Submarine Corp (ASC) "to build a canoe", fuelling expectations that most work in

Matson Raises Guam, Micronesia Rates

Matson, Inc., a U.S. carrier in the Pacific, announced today that Matson Navigation Company, Inc. will raise its rates for the company's Guam/Commonwealth of the

Norwegian Buys Ship from Princess Cruises

Norwegian Cruise Line Holdings Ltd. announces fleet expansion for Oceania Cruises in 2016; Sirena to join sister ships Insignia, Regatta and Nautica   Norwegian Cruise Line Holdings Ltd.

Finance

Matson Raises Guam, Micronesia Rates

Matson, Inc., a U.S. carrier in the Pacific, announced today that Matson Navigation Company, Inc. will raise its rates for the company's Guam/Commonwealth of the

Shipbuilding Regulations: Cents and Sensibility

Addressing the Jones Act is just one aspect of an increasingly complicated boatbuilding environment. Stovepiped, poorly conceived regulations is another. The sting of the recession is fading,

Ship Broker Clarkson Looks to Acquire Platou

Top ship broker Clarkson is seeking to acquire Norwegian brokerage and investment bank RS Platou for 281.2 million pounds ($441 million) in a deal that would create

Vessels

Bollinger Delivers 11th FRC to the US Coast Guard

Bollinger Shipyards, Inc. has delivered the William Trump, the 11th Fast Response Cutter (FRC) to the United States Coast Guard.   The announcement was made by Bollinger Chief Operating Officer,

Newport News Lays Keel for Virginia-Class Sub

Newport News Shipbuilding, a division of Huntington Ingalls Industries (HII), hosted a keel-laying ceremony Saturday for the future USS Washington (SSN 787), a

World’s Largest Containership First Tested at MARIN

MARIN was delighted to take part in a truly historic milestone in the industry when Daewoo Shipbuilding and Marine Engineering (DSME) asked MARIN to investigate

Government Update

US House to Hold Hearing on Oil Export Ban

A House of Representatives panel will hold a hearing on Dec. 11 to explore whether a decades-old law that prohibits the export of crude oil makes sense in an era of domestic energy abundance.

Australian Defence Minister Says Would Not Trust Submarine Firm to Build Canoe

Australia's defence minister has said he would not trust state-owned Australian Submarine Corp (ASC) "to build a canoe", fuelling expectations that most work in

Shipbuilding Regulations: Cents and Sensibility

Addressing the Jones Act is just one aspect of an increasingly complicated boatbuilding environment. Stovepiped, poorly conceived regulations is another. The sting of the recession is fading,

 
 
Maritime Contracts Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Port Authority Salvage 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: 0.1717 sec (6 req/sec)