The specter of restrictions and increased custom duties on imported marine equipment and spare parts as well as in the provision of maritime services to vessels in Chinese waters was cited this week by Italy's ship registry (RINA), which referred to an unofficial translation of a circular issued by Chinese authorities, and purportedly sent to the country's port authorities, according to naftemporiki.gr. Concerns immediately surfaced in Greece's maritime hub, with the Piraeus Chamber of Commerce & Industry calling for an intervention by the country's relevant shipping ministry, along with the tabling of the issue during Greek PM Kyriakos Mitsotakis' official visit to China next month. Based on reports, the circular - identified as (2019) 172 Management Regulations for Ship Maintenance and Testing Service Suppliers - lists restrictions on the supply of services by businesses, outside China, to vessels in Chinese waters, including a prohibition on the establishment of subsidiaries or local offices in the Far East economic powerhouse. Additionally, higher duties are reportedly foreseen for imported equipment and spare parts destined for vessels - regardless of their registry - in Chinese waters and ports. The Greek-controlled shipping sector, the global leader in terms of the number of vessels and transport capacity, stands to encounter obstacles in providing maritime services to thousands of vessels that annually reach China's shores. The Piraeus chamber has already sent a letter to China's ambassador to Greece regarding the issue, referring to a significant problem that will affect companies doing business with maritime firms that service Greek-owned vessels in China, supplying everything from spare parts, equipment to repair crews. RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations, Greek travel market, Greek tourism statistics, Greek tourism report Photo Source: Wikimedia Commons License: CC-BY-SA Copyright: bertknot Let's block ads! (Why?)