The Tax Authority has announced the suspension of the imposition of withholding tax on service contracts provided on board ships that are registered under the Omani flag, for a period of 5 five years, starting from September 1, 2025 The incentives are aimed at...

Read More

The International Maritime Organization failed to adopt the world’s first-ever global, legally binding carbon price—postponing for a year a vote on the measure at a meeting today in London. The agreement would have dictated that all large ships operating globally,...

Read More

After an intense week ending in a vote, the International Maritime Organization’s (IMO’s) Net Zero Framework was adjourned for the period of one year at the extraordinary session of the IMO’s Marine Environment Protection Committee (MEPC). Commenting on the outcome,...

Read More

As a special meeting of the International Maritime Organization’s Marine Environment Protection Committee (IMO, MEPC/ES.2) closes in London, the Clean Shipping Coalition (CSC) expressed its huge disappointment in the decision by member states to delay consideration of...

Read More

The International Maritime Organization (IMO) has agreed to adjourn the extraordinary session of the Marine Environment Protection Committee (MEPC), which was convened this week (14 to 17 October 2025) to consider the adoption of draft amendments to MARPOL Annex VI,...

Read More

News of China’s recent retaliatory tonnage charges on US-linked vessels has spread through the shipping market like wildfire, marking a significant step in the further escalation of ongoing trade tensions between the US and China. A previous article summarized the...

Read More