THE Maritime Industry Authority (Marina) together with vessel operators is putting together a new draft of the Philippine Marine Act for filing in Congress by early 2011.

“We are reviving the Maritime Act pushed by the previous administration as we believe it will be beneficial for the industry,” said Marina administrator Emerson Lorenzo.

The Maritime Act was not taken up in the last Congress because it was filed near the holding of the 2010 elections when legislators are known to skip sessions to campaign. This apparently resulted in a lack of quorum.

The new draft bill may include a provision consolidating all maritime functions and agencies into a single agency, although if this will prejudice passage of the bill, the provision will be dropped, Lorenzo said.

Bill sponsors in both Houses of Congress have been lined up to facilitate the measure’s approval.

The proposed act will harmonize all maritime legislation. It also aims to attract more foreign investments through the provision of incentives.

You May Also Like

CMA CGM unveils new freight rate hikes for March-May

French ocean carrier CMA CGM continues its rate restoration initiative, announcing its new freight price hikes for the Asia-U.S. and Canada trades. It also…

ICTSI gets second repayment for suspended Sudan port contract

The Sudanese government has made the second partial repayment of the upfront fee it received from International Container Terminal Services, Inc. (ICTSI). The repayment…

HMM keen to acquire Hanjin’s Asia-US trade route

South Korea’s second leading ocean carrier Hyundai Merchant Marine Co. (HMM) is considering bidding for its bigger local rival Hanjin Shipping Co.’s Asia-U.S. route,…

PH cargo throughput up 5.3% in first half

PHILIPPINE cargo throughput grew 5.3% to 97.96 million metric tons (mmt) in the first half of the year from 93.03 mmt in the same…