TAX CONFERENCE

The recently enacted "American Jobs Creation Act" gives significant tax breaks to a number of U.S. industries--including shipping.

MARINE LOG and BLANK ROME will present a senior level seminar CHANGES IN U.S. TAXATION OF SHIPPING INCOME in Stamford, Conn. on April 5 & 6, 2004

Make sure you know how the new tax rules work!


March 7, 2005

California issues proposed ballast water management regulation

The California State Lands Commission (SLC) issued a Notice of Proposed Regulatory Action relating to management of ballast water on ships of 300 gross registered tons or more arriving in California after taking on ballast water from places within the Pacific Coast Region.

Besides requiring vessels to take ballast management measures, such as ballast water exchange in near coastal waters, the SLC plans to slap shipowners with a per voyage fee of $500.

You can find out more at http://www.slc.ca.gov/Division_Pages/MFD/MFD_Programs/Ballast_Water/Ballast_Water_Default.htm

You have until April 7 to file a comment.

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