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FMC: OTI may not use unlicensed, unbonded agents

The Federal Maritime Commission (FMC) issued an order stating that, under the Shipping Act of 1984 and its implementing regulations, a licensed ocean transportation intermediary (OTI) may not use unlicensed and unbonded agents to provide non-vessel-operating common carrier (NVOCC) and ocean freight forwarder services to the public. The OTI had petitioned for a declaratory order allowing such an exception, citing the evolving business conditions. The majority of the Commission denied the petition, noting that it is not aware of any legislative history or case law that would indicate the Congress intended to distinguish between persons would act as OTIs (and must be licensed and bonded) and persons who provide OTI services (and could avoid the license and bonding requirements). One Commissioner dissented, arguing that, at the very least, the FMC should examine the issue in greater depth and seek public comment. Docket No. 06-08 (HK Law).

White House: No Change in Crude Oil Exports Regulations

Josh Earnest (White House photo)

The White House said on Tuesday there has been no change in the U.S. ban on crude oil exports, responding to a question about whether an impending change might be behind price moves in oil markets.   "There has been no change in regulations regarding crude oil exports," White House spokesman Josh Earnest said, noting the Commerce Department was in charge of export regulations.   "I'm not going to speculate about any sort of policy change that may or may not be

EPA Issues Notice on Low-Sulfur Diesel Fuel

The Environmental Protection Agency (EPA) issued a notice stating that, effective June 1, refiners will begin producing low-sulfur diesel fuel for use in ships. Initially, the sulfur content may not exceed 500 parts per million (ppm). The eventual goal is a maximum sulfur content of 15 ppm. Source: HK Law

Trico Marine. Announces Pricing of New Senior Notes

Trico Marine Services, Inc. announced today the pricing of its previously announced private offering of $250.0 million aggregate principal amount of 8 7/8 % Senior Notes due 2012. The notes were priced at 99.196 to yield 9.0% Trico Marine expects to use the net proceeds of the offering of the senior notes due 2012 to purchase its existing 8 1/2% senior notes due 2005 pursuant to an outstanding offer to purchase such notes and to pay related fees and expenses.

Boat Race Victims Perhaps Not Seen

Newport Beach to Ensenada boat race entrant 'Aegean' destroyed, 4 dead, may not have been seen by larger vessel Coast Guard investigators working to determine what caused the destruction of the 37-foot sailboat off the Mexican coast, consider that there's a possibility that no eyewitnesses remain. All four crew members of the Aegean were killed. And based on the level of destruction — small pieces of the boat were found spread over a wide area — it may be no one aboard the

Tokyo MOU to establish Detention Review Panel

The Tokyo MOU (Memorandum of Understanding) on Port State Control issued a Notice stating that, effective 1 January 2005, it is establishing a Detention Review Panel. The purpose of the Panel is to review, at the request of a flag state or recognized organization, specific port state control inspections undertaken by Tokyo MOU members. If the views of the Panel support the flag state or the recognized organization, the port state will be requested to reconsider its decision

Intereuropa Shares Down Amid Merger Doubts

Slovenian shipping firm Intereuropa fell over four percent by midday trade on Wednesday amid fears that the government may not approve its proposed merger with port operator Luka Koper. At one point during the day, shares of Intereuropa were down 4.58 percent at 2,480 tolars ($13.03) on volume of 5,526 shares, although the company earlier in the morning reported a 24 percent in group nine-month net profit. Traders said there was no explanation for the drop other than the possibility that

Safety and the Law Collide on the Water


We all can agree that the safety of our employees is critical; if not the most important concern of each of our companies. Our marine-based employees face day-to-day perils that are not encountered by the average American office worker. It is our duty to do everything that we can to ensure that each of our employees returns safely to his or her family once their hitch is over. Our industry has made great strides in improving safety over the years by utilizing improved training programs

Hampton Roads – Security Zones

The U.S. Coast Guard has established security zones around passenger vessels and vessels carrying Certain Dangerous Cargo (CDC) while they are in the navigable waters of the Captain of the Port (COTP) Hampton Roads zone. When within 500 yards of such vessels, other vessels must operate at the minimum speed to navigate safely. Other vessels may not operate within 100 yards of such vessels. The rule comes into effect immediately. 69 Fed. Reg. 40768 (HK Law).

SS&Y Indices Drop Again

Shipbrokers Simpson, Spence and Young's Pacific Capesize Index fell 53 points to 5,284. "Owners have been keen to get their vessels fixed well before the office Christmas party to keep them trading over the festive period, which has been gratefully grasped by charterers who got the discounts they desired," SS&Y said. "This may not be the case in January when the balanced positional market will have little encouragement for owners to discount asking prices

US Warship Challenges China's Claims in South China Sea

Guided-missile destroyer USS Decatur (DDG 73) operates in the South China Sea (U.S. Navy photo by Diana Quinlan)

A U.S. navy destroyer sailed near islands claimed by China in the South China Sea on Friday, drawing a warning from Chinese warships to leave the area.   The U.S. action was the latest attempt to counter what Washington sees as Beijing's efforts to limit freedom of navigation in the

Liberia provides lead with BWMS proposal to IMO

David Pascoe Liberian Registry

The Liberian Maritime Administration is to introduce a proposal to the meeting of the IMO Marine Environmental Protection Committee (MEPC70) in London on 24 October to allow certain ships additional time beyond 2020 to install adequate ballast water management systems as required under the Ballast

Hanjin Dumps Half of Workers

Photo: Hanjin Shipping Co Ltd

 The bankrupting container operator Hanjin Shipping Co. is shedding half of its ground workforce and may ax equally that many of the crew on deck as the bankruptcy court is out to sell most of ground and sea assets, according to the Pulse.  

ABB Turbocharger PM Model Demonstrates RoI

Approximately 200,000 ABB turbochargers are in operation across the globe on ships, power stations, gen-sets, diesel locomotives and large, off-highway  vehicles. Image ABB

Independent study demonstrates that ABB’s Preventive Maintenance model for turbochargers achieves significant cost and operational benefits ABB announced study results which show a 202% return on investment (ROI) from using ABB Preventive Maintenance

DSME Denounces McKinsey Report

Pic courtesy: VisitKorea

 The report by Global consulting company McKinsey & Company that Daewoo Shipbuilding & Marine Engineering (DSME) is least likely to survive among the big three shipbuilding companies has brought about strong opposition from DSME.   

Nor-Shipping Crowd-Sources to Turn Industry Problems into Profit

Nor-Shipping invites the next generation to find solutions to this generation’s challenges through its unique ‘Problem to Profit’ initiative. The leading global maritime event week, taking place in Oslo and Lillestrøm, Norway, from May 30 to June 2, 2017

MOB Device for Immediate Alert for Fast Response

ALERT2 Man-Overboard Alarm System from Emerald Marine Products  Photo Emerald Marine

Professional mariners know the life-threatening hazards of falling overboard, but may not consider how critical the recovery window is, especially with a moving vessel. Compact and easily carried on a PFD, the ALERT2 Man-Overboard Alarm System from Emerald Marine Products immediately sets off

Hanjin Says US-bound Ship is Being Held 'Hostage'

A lawyer for Hanjin Shipping Co Ltd , the failed South Korean container carrier, said on Thursday a U.S.-bound vessel was held "hostage" by disputes over payments, adding to the struggles in getting $14 billion of cargo off its ships stranded at sea.  

International Rescue for Tanker Market?

Graph: E.A. Gibson Shipbrokers Ltd

 Gibson tanker report says that as owners head back to work after their summer breaks, many will no doubt have to do some serious thinking as we approach the final quarter of 2016.   "Last summer we were reporting about the orderbook swelling

Alfa Laval PureSOx Platform Offers Dual-compliance


The Alfa Laval PureSOx platform is expanding to provide not only 0.1%S compliance for Emission Control Areas (ECAs), but also 0.5%S compliance with the coming global sulphur cap. With the option of a dual-compliance system as well, customers can choose the best scrubber solution to match their

Tanker Market: Electrifying Demand

Graphic: Gibson tanker report

 Twenty years, the investment timeline to consider when ordering a new tanker, is a long time in any industry, not least in the rapidly evolving energy markets and the drive for cleaner fuels, says Gibson tanker report.   Whilst, the collapse in oil prices in recent years may have

How Rapid is the Fleet Growth?

Graph: Clarksons Research

 During July 2016, the containership fleet reached a landmark 20 million TEU in terms of aggregate capacity, says Clarksons Research.   To many it only seems like yesterday when the boxship fleet passed the 10 million TEU mark, back in April 2007

State to Take Reins of Alaska LNG Project

Image: Alaska LNG Project

 Alaska Gasline Development Corp. President Keith Meyer says the Big 3 oil companies are cooperating with the state’s desire to take full ownership of the AK LNG Project.   He laid out an ambitious list of “to-dos” the state needs to check off if it is going to lead

Eagle Bulk Shipping Raises $88mln in Private Placement

Photo: Eagle Bulk Shipping Inc

 Marshall Islands corporation headquartered in Stamford, Connecticut Eagle Bulk Shipping Inc has announced that it has closed its previously announced private placement of its common stock for aggregate gross proceeds of $88.0 million.    

First Ballast Water Port Solution Completes Tests

Photo: Damen

Successful shipboard testing has shown that Damen Green Solutions’ InvaSave mobile ballast water treatment solution is capable of providing an IMO type approved backup in a port in the event of a failure in a vessel’s on board treatment systems to uptake or discharge ballast water

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