FMC Technologies, Inc. announced that its FMC Energy Systems business has signed an extension of its existing subsea service agreement with Statoil ASA to provide technical services and subsea equipment for an additional two years, with an option for two more years beyond that. Under the terms of the extension, FMC Energy Systems expects to receive approximately $60 million per year. The agreement comprises technical services in connection with completion, workover, installation, maintenance and other activities associated with subsea field development. The contract also includes provision of additional equipment for Statoil-operated fields previously supplied by FMC Kongsberg Subsea AS, the Company's Norway-based subsidiary. "We are pleased that Statoil has extended this service agreement," said Peter D. Kinnear, Vice President -- FMC Energy Systems. "This reflects our extensive experience as a subsea solutions provider in the North Sea, as well as the strength of our relationship with Statoil."
The Federal Maritime Commission (FMC) issued an Order directing parties in three ongoing disputes involving the Puerto Rico Ports Authority (PRPA) to file additional briefs specifically addressing whether or not PRPA is an arm of the government of the Puerto Rico and entitled to sovereign immunity for purposes of actions brought before the FMC by third parties. Source: HK Law
The Federal Maritime Commission, or FMC, is currently making a formal investigation into exclusive tug franchise arrangements in ports in Florida and the lower Mississippi River area. The issue is whether these licenses, with which marine terminal operators grant exclusive towing licenses to certain tug companies, are unreasonably anticompetitive and violate the Shipping Act of 1984. The FMC initially began an inquiry into supposed exclusive franchise agreements involving some tug operators
The Federal Maritime Commission (FMC) has issued a notice stating that it is extending the period in which comments may be submitted in regards to the investigation of shipping restrictions, requirements, and practices of the People's Republic of China. The FMC is extending the comment date to June 27, 2002.
The Federal Maritime Commission (FMC) issued a Notice reporting that it entered into nine compromise agreements with vessel-operating common carriers (VOCCs), ocean transportation intermediaries (OTIs), freight forwarders, and proprietary shippers regarding alleged violations of the Shipping Act of 1984. Under the agreements, the FMC will recover an aggregate amount of $549,000 in civil penalties. Source: HK
The Federal Maritime Commission (FMC) issued a series of orders reopening the comment period, through January 16, 2004, on the petitions by non-vessel-operating common carriers (NVOCCs) for exemption from the prohibition against use of confidential service contracts. Interested persons may also request one-on-one meetings with individual Commissioners to describe their views. The FMC also denied several motions by parties to be allowed to submit reply briefs.
In a sharply divided decision (5-4), the U.S. Supreme Court ruled that the concept of sovereign immunity protects states from having to answer private complaints before the Federal Maritime Commission (FMC). In the instant case, a cruise line filed a complaint with the FMC against the South Carolina State Ports Authority alleging that the Authority violated the Shipping Act of 1984 when it refused berthing space and passenger services
The Federal Maritime Commission (FMC) ruled that the Maryland Port Authority is entitled to sovereign immunity from the regulatory adjudication of a privately-filed Shipping Act complaint. In the instant case, a marine terminal company filed an action with the FMC alleging that the port authority was violating the Shipping Act of 1984 in its negotiations with the company on lease terms. In this long-running action, the FMC found the port authority to be an arm of the State of Maryland and
U.S. Federal Maritime Commissioner Doyle spoke to the Global Shippers Forum in Los Angeles and discussed Ro/Ro price fixing matters; the newly approved cooperation agreement between the ports of Seattle and Tacoma; the first PVO company to take advantage of the alternative bonding mechanisms; China VAT; Commission's 6 (g) Analysis, and the Suez/Panama Canal routes. Extracts from the Commissioner's address at the Forum follow:
USA subsea equipment firm FMC Technologies and French engineering company Technip have jointly announced that they expect their merger to be formally complete by January 16. Houston-based FMC and Paris-based Technip will form a new entity called TechnipFMC. Their planned amalgamation was first announced in May. The parties also announced the filing of a Delaware certificate of merger pursuant to which FMC Technologies and a subsidiary of TechnipFMC will merge effective
Technip S.A. (Euronext: TEC) and FMC Technologies, Inc. (NYSE: FTI) today announced their respective designees to the Board of Directors of the combined company, TechnipFMC, effective at the close of the proposed combination. The Board of Directors of the combined company will comprise 14
ZIM Integrated Shipping Services Ltd (ZIM) has announced a significant upgrading of its Atlantic network, offering improved connections between US, Canada and the Mediterranean, starting April 2017, subject to FMC approval.
An agreement between two marine terminal companies located at the Port of Miami will go into force on December 31, 2016, permitting those parties to seek cooperation and commonality in both business and operating matters. The U.S. Federal Maritime Commission (FMC) voted Thursday not to
An agreement between two marine terminal companies located at the Port of Miami went into force yesterday, permitting those parties to seek cooperation and commonality in both business and operating matters. The Federal Maritime Commission (FMC) voted today not to prevent the "Miami Marine
Passenger vessel operator Haimark Line Limited has cancelled all future cruises, the U.S. Federal Maritime Commission (FMC) has advised. Haimark operates a single vessel, the 210-passenger Saint Laurent, and has cancelled its planned sailings from Miami to Cuba due to prolonged financial
The Federal Maritime Commission’s (FMC) Supply Chain Innovation Team Initiative, led by Commissioner Rebecca F. Dye, was launched today at FMC headquarters in Washington, D.C. Over the next two-days, industry leaders from 34 companies will be working in teams with the goal of
CMA CGM has announced to its customers that there is increasing deterioration of the port congestion up to 15 days in Zanzibar, Tanzania, which is beyond their control. CMA CGM will implement an Emergency Operational surcharge in Zanzibar applicable to all shipments until further
Federal Maritime Commission (FMC) Chairman Mario Cordero commended the Coast Guard for issuing a bulletin last week regarding container weights that he hopes allows parties to agree how they will operate after new Safety of Life at Sea Treaty (SOLAS) amendments come into force later this year.
Major container shipping lines are preparing a lineup a new tie-up - a new global alliance - to respond to rapid container shipping consolidation, reports WSJ. William Doyle, member of U.S. shipping regulator Federal Maritime Commission (FMC) said that representatives of the
Consolidation of shipping lines, realignment of carriers alliances, environmental improvements in the shipping industry and achieving supply chain efficiencies were all among topics addressed during the U.S.-China Bilateral Maritime Consultations held in Los Angeles last week.
U.S. Federal Maritime Commission (FMC) Commissioner William P. Doyle issued a statement on the upcoming implementation of the SOLAS Convention’s verified gross mass (VGM) requirements: On Friday, June 24, 2016, I voted to allow the Port Operations and Safety Discussion Agreement to
The Federal Maritime Commission (FMC), which has always been a valuable resource in supply chain management, announced the formation of a Supply Chain Innovations Teams that will develop commercial solutions to supply chain challenges and related port congestion concerns
Commissioner William P. Doyle of the U.S. Federal Maritime Commission today voted in favor of requesting additional information from The Ocean Alliance parties. The Request for Additional Information (RFAI) effectively stops the clock on the agreement until such time as the filing parties
The proposed OCEAN Alliance between several of the world’s largest container shippers has received approval from the U.S. Federal Maritime Commission (FMC), allowing it to become effective Monday, October 24, 2016. The OCEAN Alliance, comprising COSCO Shipping, CMA CGM
Chairman of the Federal Maritime Commission (FMC) in the USA, Mario Cordero, visited the Danish Maritime Authority today in connection with his participation in Danish Maritime Days. The Chairman of the FMC paid a courtesy visit to Director General of the Danish Maritime Authority