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Ocean Marine Insurance Responds to Challenges 10/27/2009 7:08:58 PM The U.S. Ocean Marine insurance industry has been hard hit by the economic crisis at a time when its structure, traditions and culture are facing challenges, according to a new study by Conning Research and Consulting. "The Ocean Marine industry has deep foundations of tradition and specialization... Ship Operator Pleads Guilty, Concealing Pollution 10/22/2009 6:51:41 PM A Panamanian company that operated a 40,000-ton oil tanker ship that regularly made calls in multiple ports in Texas pleaded guilty Oct. 21 in federal court in Houston for deliberately concealing pollution discharges from the ship directly into the sea, the Justice Department announced. Styga Compania Naviera S... Greek Shipowners Support Korean Register 10/20/2009 7:26:48 PM Over 70 Greek shipowners supported the Korean Register of Shipping’s (KR) 5th Hellenic Committee meeting held in Athens on October 15.  Chaired by Adam Polemis, this important gathering meets annually to discuss KR’s performance and to guide the classification society to further its... Decision in Winter Storm Shipping, Ltd Versus TPI 10/20/2009 7:26:02 PM Sullivan & Cromwell Partners reported on the October 16 decision from the U.S. Court of Appeals for the Second Circuit which overrules the controversial 2002 decision in Winter Storm Shipping, Ltd v. TPI. Winter Storm Shipping, Ltd v. TPI dealt with havoc wreaked upon the administration of hundreds... Arbitration, Foreign Seaman’s Wage Claim 10/6/2009 12:51:13 AM The US Court of Appeals for the Ninth Circuit ruled that a wage claim by a foreign seafarer against his employer for service on a foreign vessel is subject to arbitration. In the instant case, plaintiff Philippine seafarer brought suit against defendant cruise line alleging violation of the Seamen’s Wage Act... Polembros Pleads Guilty, Pollution Charges 10/1/2009 4:24:01 PM Polembros Shipping Ltd., a ship management company headquartered in Greece, pleaded guilty on Sept. 30 in federal court in New Orleans for violating anti-pollution laws, ship safety laws, and making false statements during a U.S. Coast Guard investigation of the M/V Theotokos, the Justice Department announced... CMA CGM Agreement 9/29/2009 8:27:48 PM CMA CGM reached agreement on the establishment of a committee comprised of French, European and international banks including certain major financial institutions from Asia and the Republic of Korea. The committee will propose suitable measures to address the Group's short and medium term financing requirements... Shipmanagers Should Review Liability Limitation 9/29/2009 12:59:46 AM Ahead of an impending revision of the standard industry shipmanagement agreement, the International Transport Intermediaries Club (ITIC) has urged shipmanagers to limit their liability to a sum which reflects the growing proportionate gap between ship values and the level of shipmanagement fees. SEC Closes Inquiry Involving ACL 9/29/2009 12:57:26 AM American Commercial Lines Inc. (NASDAQ: ACLI) (ACL) announced that the U.S. Securities and Exchange Commission (SEC) has confirmed it will not take action against the company and has closed an inquiry related to an e-mail sent by the company's former Senior Vice President and Chief Financial Officer... Weak Internal Financial Control at USMMA 9/10/2009 8:00:31 PM The Government Accountability Office (GAO) issued a report of its examination of internal financial controls at the US Merchant Marine Academy (USMMA). The report states that internal control weaknesses resulted in improper sources and uses of funds. Some midshipmen fee assessments were unrelated to goods and services provided to the midshipmen... Liberian Ocean Shipping Co. Admits Wrongdoing 9/4/2009 10:39:27 AM A Liberian-incorporated shipping company pleaded guilty in federal court in Trenton, N.J., to failing to keep accurate oily water discharge records and using falsified records to conceal the discharge at sea of untreated bilge from one of its cargo ships, the Justice Department announced. Dalnave Navigation Inc... ITIC Warns Shipmanagers on Lay-Up Liability 8/26/2009 9:50:10 PM The International Transport Intermediaries Club (ITIC) has urged its shipmanager members to seek legal advice before entering into any contracts with owners relating to the laying-up of vessels. ITIC said there has been a recent sharp increase in the number of lay-up contracts which it has been asked to review... Georgios M Engineers Indicted 8/23/2009 11:38:12 PM A federal grand jury in Houston has returned an indictment charging two crewmembers of the oil tanker Georgios M with making false statements, violating federal law designed to prevent pollution from ships and obstruction of justice, the Justice Department announced. According to the indictment,... Bill Introduced, HMT Exemptions 8/7/2009 12:28:43 AM Representative Higgins (D-NY) introduced the Short Sea Shipping Act of 2009 (H.R. 3486) to amend the Internal Revenue Code of 1986 to exempt certain shipping from the harbor maintenance tax (HMT). If enacted into law, this bill would exempt from the HMT commercial cargo (other than bulk cargo) loaded... Summary Judgment Against Mass. Law 8/2/2009 9:55:30 PM The American Waterways Operators (AWO) hailed a decision by the U.S. District Court, Massachusetts District, to recommend summary judgment against a 2004 Massachusetts oil spill statute. The decision was issued on July 29 by U.S. Magistrate Judge Leo Sorokin.  A lawsuit brought by the U.S. Department... Third Crewmember Pleads Guilty 7/31/2009 12:45:47 AM A Greek citizen who oversaw the engineering department on board a Dominica-flagged bulk cargo ship pleaded guilty today in U.S. District Court in New Orleans for violating environmental laws designed to prevent pollution from ships and making false statements to the U.S. Coast Guard, the Justice Department announced... Arctic Shipping Bill Introduced 7/28/2009 1:41:02 AM Senator Murkowski (R-AK) introduced a bill (S. 1514) to ensure safe, secure, and reliable marine shipping in the Arctic including the availability of aids to navigation, vessel escorts, spill response capability, and maritime search and rescue in the Arctic, and for other purposes. Official text of the legislation is not yet available... Oberstar Proposes New Fees 7/28/2009 1:40:13 AM The House Committee on Transportation and Infrastructure released the statement of Representative James Oberstar (D-MN) before the Subcommittee on Select Revenue Measures of the House Committee on Ways and Means. In his statement, Representative Oberstar, who chairs the Committee on Transportation and... Vessel Pollution Prosecutions – A New Twist 7/21/2009 12:14:56 AM By Vincent J. Foley- New York and John S. Irving- Washington of Holland & Knight On July 15, 2009, the U.S. Department of Justice announced that the Captain and Chief Officer of a foreign vessel pled guilty in the Eastern District of Louisiana (New Orleans) to charges that included not only... Guilty Plea, Concealing Vessel Pollution 7/21/2009 12:14:03 AM Panagiotis Stamatakis, the chief engineer on the Cyprus-flagged M/V Myron N, and the second engineer, Dimitrios Papadakis, both citizens of Greece, pleaded guilty in U.S. District Court in Trenton, N.J., to using falsified records that concealed improper discharges of untreated bilge waste from the cargo ship, the Justice Department announced... 1 2 3 4 5 6 7