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ARTICLE · 12 JANUARY 2010

Baltic Max Feeder On Track For Launch Next Year

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Baltic Max Feeder, the planned compensation scheme for laid-up ships, has come closer to implementation, according to one of the people who drafted the plans, writes Katrin Berkenkopf.

United KingdomTransport
Anthony Woolich
Anthony Woolich

Originally published in Lloyd's List, 18 December 2009.

Baltic Max Feeder, the planned compensation scheme for laid-up ships, has come closer to implementation, according to one of the people who drafted the plans, writes Katrin Berkenkopf.

"We have laid the foundation for the next phases. The ball is now back in the banks' court," said shipping tax adviser Hermann Neemann.

Mr Neemann told Lloyd's List that owners had to date expressed interest in about 350 ships participating in the scheme. "The number is rising every day," he said.

Although these were not yet firm commitments, it was important to demonstrate that owners supported the plans, Mr Neeman added.

It was "realistic" to expect Baltic Max Feeder to be operational by early 2010 and make compensation payments for laid-up ships retroactively from 1 January, he said.

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