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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


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


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


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


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


Cleaner Maritime Air for North America Comes Soon

Image credit EPA

The North American Emission Control Area (ECA) under MARPOL Annex VI will become enforceable on 1 August 2012 On the operative day the sulfur content of the fuel oil used on board ships operating within the ECA may not exceed 1.00 percent m/m (10,000 ppm). Ships will be required to maintain and, if requested, make available to Port State Control authorities:     •    Bunker delivery notes (for vessels 400 gross tonnage and above)


Safety and the Law Collide on the Water

L_DeMarcay.jpg

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


WWL unease over what 2017 might have in store!

Ari Marjamaa, Head of Global Market Intelligence at Wallenius Wilhelmsen Logistics

It creates a certain unease over what 2017 might have in store for us, given that the words have gotten bigger and the tone sharper in both political and diplomatic dialogue across the globe. It certainly makes practicing the dark art of making predictions of the future even more terrifying than


Safety for Gas-Fuelled Ships

Photo: International Maritime Organization @Fjord Lines/Espen Gees

 A new mandatory code for ships using gases or other low-flashpoint fuels enters into force on 1 January 2017, along with new training requirements for seafarers working on those ships.    Gas and other low-flashpoint fuels are cleaner for the atmosphere as they emit very low


Wison Launches Floating LNG Power Plant Solutions

Photo: Wison

Wison Offshore & Marine has developed a range of solutions for floating power supply. With design philosophy of “plug-in power”, all products which are named W-FSRP series (Wison-Floating Storage Regasification and Power generation) feature integrated functions of LNG loading and


Hanjin Creditors Oppose Terminal Sale

Photo: Hanjin Shipping Co. Ltd

 US creditors of Hanjin Shipping Co. Ltd.  objected to the Korean courier’s efforts to secure a New Jersey bankruptcy court approval of an asset sale to Mediterranean Shipping Co (MSC), reports WSJ.   Geneva-based MSC, the world’s second largest container operator by


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


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


Panamax Containerships: Is the Battle Now Lost?

Graph: Clarksons Research

 In the containership market today, Panamax sector, the charter rates rest at rock-bottom rates and the fleet is in steady and perhaps terminal decline, with scrapping at record levels. Is the battle now lost? A report by Clarksons Research.  


Liberia leads drive for Effective Implementation of BWMC

Liberia is leading a move to amend the Ballast Water Management Convention (BWMC) which will allow certain ships additional time beyond 2020 in order to ensure that adequate new ballast water management (BWM) systems are commercially available


Hunter Maritime Acquisition Launches IPO

Hunter Maritime Acquisition Corp. announced the commencement of its initial public offering of 15,000,000 units at a price of $10.00 per unit. Each unit consists of one Class A common share of the company and one-half of one warrant, each whole warrant entitling the holder thereof to purchase one


Hyde Marine to Host a Ballast Water Symposium

File photo: David Deltano

An informational seminar will cover “everything ballast water”, from regulations and implementation requirements under the U.S. Coast Guard regulations to the IMO Ballast Water Management Convention. The one-day symposium, to be held by Hyde Marine on November 28 in conjunction with


Can Trump Make Coal Great Again?

File Image: a cargo of barged coal  makes its way on the U.S. inland river system (CREDIT: Inland Marine)

Most of the U.S. coal industry doubts Donald Trump can fulfill his promise to make the ailing industry great again in a country awash in dirt-cheap natural gas, a competing fuel. But a small sub-section of the coal sector that mines metallurgical coal - a variety used by steel makers instead of


BIMCO Adopts Ship Financing Term Sheet

Photo: BIMCO

 In a landmark decision, BIMCO cemented its move into the domain of ship financing with the Documentary Committee’s approval of a standard term sheet for use in ship financing transactions on 17 November 2016.   The term sheet has been drafted as a short and simple standard for


Cargo Ship Crew Awarded for Heroism at Sea

Capt. Chris Hill from the Intermarine Fleet accepting the Admiral of the Ocean Sea (AOTOS) Mariner’s Plaque during the annual United Seamen’s ‘s Services (USS) Annual Gala Event (Photo courtesy of Crowley)

Officers and crewmembers of the Crowley Maritime Corp.-managed cargo ship M/V Ocean Glory were recently honored with a 2016 Admiral of the Ocean Sea (AOTOS) Mariners’ Plaque for demonstrating heroism at sea during the United Seamen’s Service’s (USS) annual AOTOS awards ceremony


Clear Contractual Language: What Are You Agreeing To?

Larry DeMarcay

The tightening of the marine markets over the last two years have pushed some companies to do everything that they can to avoid obligations that they feel are burdensome or take advantage of obligations that provide them with a competitive advantage


Exploration In The US Gulf Of Mexico

Graph: Clarksons Research

 49 ultra-deepwater field discoveries have been made in the last decade in the US Gulf of Mexico (GoM), says Clarksons Research.   Offshore E&P in the US GoM began in the 1930s, picking up pace in the 1950s. By the end of 1975






 
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