Pufferfish Menace: Ministry Takes Action!:

Measures are being taken to address the threat posed by pufferfish, those quirky yet troublesome sea creatures. Recognizing the significant damage inflicted by these invasive creatures on the fishing industry and the marine life, the Ministry of Agriculture and Forestry (“Ministry”) has introduced a new communique to tackle the pufferfish problem under which fishermen are incentivized to hunt for pufferfish.

INCENTIVES FOR THE REJUVENATION OF THE TURKISH FLEET IS EXTENDED TO LARGER TONNAGE :

In recent years, Turkey has undertaken significant initiatives to advance its maritime industry and ensure the ongoing dynamism of its fleet. With this objective in mind, amendments have been made on 23 March 2024 to the Regulation on Incentivizing Construction of New Vessels to Replace Scrapped Turkish Flagged Vessels (“Regulation”).

COLREG PREVAILS – TURKEY TO INTRODUCE LEGISLATION TO ENSURE SWIFT ADOPTION OF COLREG AMENDMENTS:

THE CEILING FOR STAMP DUTY RAISED BY 58.46% FOR 2024:

The Turkish Revenue Administration has revised the ceiling of the stamp duty that became applicable as of 1 January 2024.