Regulation – Page 29
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NewsEU adds Bermuda to tax haven blacklist
Bermuda is one of 15 countries that has been blacklisted by the EU for not having proper governance over tax standards. With Bermuda a leading superyacht flag and location for ownership structures, its blacklisting could have a direct impact on the yacht sector. The EU move appears to have come ...
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NewsTrump: “No rush” on China trade deal while USMCA meets roadblocks in Congress
While there is movement on multiple fronts of the US trade war, it remains unclear if it is forward movement or merely wheel-spinning
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NewsOpposition to NZ superyacht levy grows
Opposition is growing to an Auckland Council proposal for an anchorage tax on foreign-flagged superyachts longer than 40m that moor in waters off the city. If the levy is imposed, the New Zealand Marine Industry Association believes it would cut into the estimated NZ$360m that superyacht visits contribute to the ...
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NewsHuman error to blame for leisure cat mishap
Human error was to blame for a leisure catamaran accident outside Cape Town harbour late last year involving five British tourists, according to a provisional South African Maritime Safety Authority (SAMSA) accident report.
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NewsPalau Ship Registry introduces new registration options
The Palau International Ship Registry (PISR) has introduced three new yacht registration options for chartering. Yacht owners can now choose from a one-year, three-year or five-year registration that offer different costs and come with no annual fee.
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NewsBIA rejects plans for 25% tax on new and used boats in New South Wales
The plan put forward by the New South Wales Labour Party to impose a 25% tax on new boats and second-hand recreational boats has been rejected by the Boating Industry Association (BIA), which was surprised by the announcement.
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NewsUS posts record trade imbalance in 2018
New figures released Wednesday by the US Commerce Department show the US trade deficit jumped by nearly 19% in December, reaching a 10-year high of US$621bn for 2018.
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NewsHISWA: all-electric Amsterdam boating will destroy local sector
The City of Amsterdam plans drastic steps to end traffic jams on its historic canals that have led to a 30% rise in nuisance complaints in recent years. The steps include a move to electric-only recreational boating by 2025.
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NewsCanadian government passes derelict boats legislation
A new Canadian law aimed at reducing the incidence of abandoned vessels could see owners of derelict craft fined up to C$6m.
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NewsCentralised electronic boat registration to take effect in Italy this month
Plans by Italian marine industry association UCINA to introduce a centralised electronic register for recreational boats is to take effect on March 14, 2019. The move follows a three-year commitment by UCINA to introduce simplified rules and transparency.
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NewsUAE to introduce 180-day cruising permit
The UAE is planning to introduce a 180-day cruising permit once a number of outstanding points have been resolved. The initiative forms part of the country’s future strategy to attract more superyachts to the region, and its ambitions to develop the UAE’s marinas – particularly in Dubai – for winter ...
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NewsCanadian HOC trade report highlights retaliatory tariffs’ impact
The International Trade Committee of Canada’s House of Commons has issued a report detailing the toll retaliatory tariffs are taking on the Canadian economy and calls on the government to work with the US for a swift resolution to the issues with five suggested recommendations.
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NewsInternational trade continues to cause ‘concern’ in US marine industry
The state of trade continues to be an “area of concern” for the US marine industry, which one representative says “remains in the crosshairs” of the tariff and trade war, but there are signs of optimism.
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NewsWakeboats could be sunk under proposed Vermont legislation
A US bill that would ban wakeboats and effectively ban wake-surfing in parts of Vermont will be vigorously opposed by the Watersports Industry Associate (WIA) and the National Marine Manufacturers Association (NMMA).
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NewsSurvey reveals US boating industry policy priorities
A survey of US boating industry manufacturers resulted in over 1,500 responses to the National Marine Manufacturers Association’s (NMMA) first-ever boating industry policy survey, identifying and prioritising the top policy issues for the coming year. The responses exceeded the trade group’s original projections.
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NewsTelwater issues recall on Savage models
Queensland, Australia-based Telwater has issued a recall on its Savage 645C, 655C and 655C hardtop models built between February 2012 and October 2016.
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NewsCayman Registry continues to dominate world superyacht fleet
The Cayman Islands Shipping Registry (CISR) continues to dominate the flagged superyacht market, according to the latest CISR statistics.
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NewsTrade wars impacting whole of US economy
Trump tariffs to restrict GDP growth by an average of 0.1% per year for the next decade if they remain in place
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NewsBritish marine firm to appear in BBC program on Brexit
Barton Marine CEO outlines the impact Brexit will have on her company for BBC television show
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