Page 100: of Maritime Reporter Magazine (April 1997)

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Vanuatu Lowers Tonnage Tax

Vanuatu has reduced its tonnage tax for the first time since the shipping reg- istry was established in 1981. The new annual tonnage tax will be (in $US): 0 to 15,000 tons $0.25 per net ton

More than 15,000, less than 25,000 net tons $0.20 per net ton

More than 25,000, less than 35,000 net tons $0.15 per net ton 35,000 net tons and more $0.10 per net ton "The new rates give Vanuatu an edge in competing for larger vessels," said

Mr. Robert Bohn, president of the operating cei|p^ny for the registry. "This is one of a series of measures aimed at ens^n^lVamiatu's place in the fore- front of the international maritiyyomVuilty,li\jJe with the expectations of our shipowners." Furthei*maritmi^Skds\fciron is being drafted to ensure

Vanuatu meets its oMTakions undqj International Maritime Organization conventions. The adfjjfcral ^gislat\n will effectively reorganize the mar- itime administration in VaViatu as well as port state control requirements, environmental protection and seafarer training. Vanuatu has approximately 450 vessels in its registry.

For more information on the registry

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European Commission Supports Expedition To

Determine Cause Of Derbyshire Wreik

The second phase of the expedition to reexamine the wreck of

Derbyshirethe British bulk carrier loaf in the Pacific in 1980 with its Brio^h crew, began in early JWarch. A team of experts will perform scfcar and photographic survey of the 1.5 x 1-km wreckage field, X

The information aqllected wiUrform the database from which the European AssessS^s — acting on behalf of both the U.K.

Department of Transporoai/l the European Commission — will seek to determine the cauj^f the vessel loss. The overall objec- tive is understanding wke lost to avoid similar tragedies by increasing the safet^ of bulk^ carriers. The European

Commission's intere^ in the expedition is twofold: to provide an independent assessment of the dat^ollected to solve a long- standing controv^y over the actual cauSe of the ship loss, and; to obtain essential information on the stffcctural problems of these types of Walk carriers.

The EuropMn Assessors team is comprised of two British members, Robin Williams and Douglas Faulkner, one

Italian member, Remo Torchio of RINA, and is supported by two French scientists, P. Valdy and Y. Houard, both of IFRE-

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Maritime Reporter

First published in 1881 Maritime Reporter is the world's largest audited circulation publication serving the global maritime industry.