ICSfully supports the submission made by Shipping Australia Limited in support of the maintenance of Part X of Australia’s Competition and Consumer Act (CCA). ICS agrees that the current regulatory environment in Australiaencourages container lines to competerobustly in terms of the quality of service that they provideand that the current approach,which has continued to be applied since the last major review of Part X in 2005,does not inhibit competition.
The Chairman of the International Chamber of Shipping (ICS), Mr Masamichi Morooka, has written to the Chinese Minister of Finance, encouraging the Chinese Government to continue its efforts to find a solution to the problems created by the application of Value Added Tax (VAT), since 1 August, to the transport and logistics services provided by ‘Wholly Foreign Owned Shipping Companies’.
At the OECD International Transport Forum in Leipzig, Germany, the annual gathering of the world's transport ministers from more than 50 countries (22-24 May), the views of the global shipping industry were represented by the International Chamber of Shipping (ICS), the principal global trade association for shipowners.
The International Chamber of Shipping (ICS) - the principal international trade association for shipowners, representing all sectors and trades and over 80% of the world merchant fleet – has voiced serious concerns about toll increases just announced by the Suez Canal Authority (SCA), to be implemented on 1 May 2013.