Vanuatu Shipowners Threaten Strike Action by Carla Johnson, Investors Offshore.com, London 06 December 2007 The Vanuatu Shipowners Association has issued a warning to the government that it will take action in the form of a strike should it continue with its plans to repeal the Vanuatu Maritime Authority, or VMA, Act, according to a report from Radio New Zealand International. If the government presses ahead with its plans, not only will it dismantle the VMA, but will also end shipowners’ access to the Marine Participation Investigation Fund - a fund which offers aid to ships in times of need. Dinh Van Than, the Association’s vice-president, has reportedly warned the government that abolishing the VMA would cause significant long-term problems, as there would no longer be a statutory body to look after shipowners as well as their services and vessels. .

IMPORTANT NOTICE: TAX-NEWS.COM has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments. All materials on this site copyright TAX-NEWS.COM 1999 to 2007. Contact us for further information.