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11 August 2020 The on-line newspaper devoted to the world of transports 05:13 GMT+2

October 8, 2004

New law to boost shipping industry

THE shipping industry is expected to get a big boost after the signing of Republic Act 9295.
The newly signed Republic Act 9295 has empowered the development of domestic shipping, shipbuilding and ship repair through investment incentives, deregulation of the rates/operation, enhancement of safety standards, compulsory insurance coverage for passengers and cargoes, reasonable fines and penalties and other constructive measures for a strong and competitive domestic merchant feet ......
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