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New Regulations

Proposed Regulations Regarding Source From Activities in Intl. Waters

The Internal Revenue Service (the "IRS") has issued proposed regulations under section 863 of the Internal Revenue Code of 1986, as amended (the "Code"), providing new rules for determining the source of income from activities conducted in international waters for purposes of U.S. income taxation. These new regulations come shortly after the release last year of regulations under Section 883 of the Code that significantly affected the exemption from U.S. income tax of income from the international operation of a vessel owned by a non-U.S. corporation. While the new regulations also apply to space activities and similar new regulations apply to communication activities, the new rules may have the most significant impact on both U.S. persons engaged in shipping activities through a foreign corporation and foreign shipping companies currently doing business in the United States. The IRS is accepting written comments on the proposed regulations and there will be a public hearing that is currently scheduled for March 28, 2001, although we understand that, because of the interest generated by the proposed regulations, the IRS intends to delay the hearing until May. While U.S. citizens, resident aliens and domestic corporations are generally taxed by the United States on all of their worldwide income regardless of where such income is earned, the source of income remains important for such purposes as determining eligibility for the foreign tax credit


Canada – New Marine Personnel Regulations

Transport Canada has issued new regulations to modernize the certification system for Canadian seafarers and harmonize their working conditions with international labor standards. Source: HK Law


Vessel Tracking on IMO Agenda

IMO’s Maritime Safety Committee (MSC) is scheduled to take place on May 10 through May 19. Long-range identification and tracking of ships on agenda. MSC will discuss the proposed adoption of new regulations on Long-Range Identification and Tracking (LRIT) of ships, when it meets at the Organization's London Headquarters for its 81st session. Other important issues on the MSC agenda include the adoption of other amendments to the SOLAS and STCW Conventions


BOEMRE Public Workshop on Offshore Energy Regs

 The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) will conduct a public workshop March 15, 2011, in New Orleans to discuss new requirements for offshore oil and gas companies to develop and implement Safety and Environmental Management Systems (SEMS). The new regulation, 30 CFR 250, Subpart S, was published in the Federal Register on October 15, 2010, and takes effect on November 15, 2011.  


New Hazardous Material Transportation Training Program

Environmental Resource Center offers in-depth training on regulations for marine & air transportation of hazardous materials. Businesses that are involved in the sea or air transportation of hazardous materials can help their workers keep up with recent changes in new regulations that will impact their shipments through four seminars and webcasts from transportation consulting firm Environmental Resource Center


GTT Records First Bunkering Order

GTT technology has been chosen by STX France to equip PEGASIS, the new environmental vessel ordered by Brittany Ferries.   GTT membrane technology has been selected by STX France to fit out PEGASIS (Power Efficient GAS Innovative Ship), the new environmental ferry propelled with LNG (Liquefied Natural Gas), ordered by Brittany Ferries.   This innovative vessel will use GTT Mark III insulation system and will be built in Saint-Nazaire, in France


AAPA: New Security Regulations Will Require Billions in Investment

The American Association of Port Authorities commends Homeland Security Secretary Tom Ridge and the U.S. Coast Guard (USCG) on the release of regulations to secure America's ports from terrorist acts. These final regulations call for port facilities to conduct vulnerability assessments, develop security plans and implement enhanced security measures. Enhancing seaport security is a top priority for U.S. ports today. Public port agencies have invested millions of dollars to increase


Noble Drilling Acquires Jackup Rig

Noble Drilling Corporation has formed a joint venture with Lime Rock Partners, and the joint venture has acquired Ocean Scotian, a North Sea jackup, for $32.7 million. Concurrent with the acquisition, the rig was renamed Noble Julie Robertson. Noble Drilling owns 50 percent of the joint venture, and will manage the upgrade, marketing and operation of the rig. Noble Drilling expects to upgrade the drilling systems and the crew accommodations in order to conform to the new regulations


July 1: One More Day

SOLAS amendments and ISPS Code enter into force on 1 July 2004 Far-reaching international maritime security measures developed and adopted by IMO enter into force on 1 July 2004. The security measures, which include the International Ship and Port Facility Security Code (ISPS Code), are in the form of amendments to the 1974 Safety of Life at Sea (SOLAS) Convention and are aimed at enhancing maritime security on board ships and at ship/port interface areas


ClassNK

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Noboru Ueda & ClassNK Push Ahead in the United States There has been a decided uptick in activities from Japan’s ClassNK in the last 18 months, as it continues to drive its world-leading tonnage numbers ever higher. Led by Chairman and President  Noboru Ueda, ClassNK has been making moves to extend its influence globally, including a big push for growth in the U.S. Maritime Reporter & Engineering News was able to visit with Mr


Maersk Line increases business while reducing CO2 footprint

 Maersk Line today published its Sustainability Progress Update for 2013, showing a 3.8 million tonnes CO2 reduction in a year where the business grew 4.1%. “2013 was a good year for Maersk Line – financially as well as in terms of our sustainability performance” says


Insights - Paul Hankins, President American Salvage Association

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This month’s editorial calendar has, in part, as its focus, oil pollution, prevention and response. Or, in other words, missions and matters that cut to the very heart of the American Salvage Association (ASA) and the goals of its considerable membership


KR Donates Software to World Maritime University

The Korean Register (KR), an IACS member classification society, announced that it has again donated its award winning KR-CON software to students at the World Maritime University (WMU). KR-CON is an international database program which contains the full up-to-date texts of all IMO Conventions


DNV Introduce Vessel General Permit Enviro-Oil Advisory Service

Photo courtesy of USCG

Classification society and consultancy DNV GL inform it has introduced the "Environmentally Acceptable Lubricants" (EAL) Report Service to help ship operators to comply with the new rules set out for the US Vessel General Permit (VGP) without the need for extensive outlays


CaroTrans Adopts CargoSmart’s Solutions

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CaroTrans, a global NVOCC (non-vessel operating common carrier) and ocean freight consolidator, has announced adoption of CargoSmart’s Japan AFR (advanced filing rules) management solution to effectively address Japan’s new compliance requirement which goes into effect March 10th with


LoBiondo Opens Hearing on Maritime Transport Regs

Frank LoBiondo visits USCG training center in Cape May, August 2013

Rep. Frank LoBiondo (R-N.J.) chaired today’s Subcommittee on Coast Guard and Maritime Transportation Hearing on “Maritime Transportation Regulations: Impacts on Safety, Security, Jobs, and the Environment; Part II” in place of Subcommittee Chairman Duncan Hunter.


New BWM Regs Cometh - Are you ready?

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The global market for BWT systems is predicted to grow to over $34 billion through 2020 in response to IMO and USCG-based ballast water discharge regulations (Frost and Sullivan, 2012). BWT systems are now manufactured by dozens of companies around the world


Gasum Boosts LNG Network with Skangass Deal

Reuters - Finnish gas company Gasum is to acquire 51 percent of Norwegian Skangass's distribution operations from Lyse Corporation as it seeks to improve the efficiency of its liquefied natural gas (LNG) network. Gasum said on Monday that the deal


Vestdavit: Out Ahead on Innovation and Safety

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New regulations for davits used in the Norwegian offshore industry will not come into force until 2015, but in the meantime, they are already raising the safety bar. In fact, Norwegian-based davit manufacturer Vestdavit already has a NORSOK-compliant davit


Ship Operating Costs 2013 Held Steady Despite the Odds ...

Calculator credit Dominic Alves CCL

Judging by the findings of Drewry Maritime Research’s latest 'Ship Operating Costs Annual Review and Forecast' , ship operators were able to keep increases in operating costs in 2013 quite low – with increases in total costs typically ranging between 1.0-2


Polar Code Focus at Arctic Conference

Image: IMarEST

The Polar Code has been under development at the IMO for a considerable length of time but will reach fruition during 2014 after which it will be offered to the various nations to ratify. The Code seeks to provide a common reference for those ship owners, designers and – more importantly


IMO SOLAS Briefing

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SOLAS, MARPOL amendments entered into force on 1 January 2014. IMO reminds all of immediate implications to shippers, mariners and vessels.   ​Amendments to SOLAS, MARPOL and the Load Lines protocol entered into force on 1 January 2014: A number of amendments to the International Convention


Maritime Safety & Environment Rule Changes Clock In

Image courtesy of IMO

The International Maritime Organization informs that a number of amendments to the International Convention for the Safety of Life at Sea (SOLAS), the International Convention for the Prevention of Pollution from Ships (MARPOL)  and the 1988 Load Lines Protocol  entered into force or


SOLAS, MARPOL Amendments in Effect

A number of amendments to the International Convention for the Safety of Life at Sea (SOLAS), the International Convention for the Prevention of Pollution from Ships (MARPOL)  and the 1988 Load Lines Protocol  entered into force or took effect from January 1, 2014. 


Carnival Corp. Wins Clean Tech Award

Image courtesy of Carnival Corp

Cruise company Carnival Corporation has been named the 'Best Marine Solutions Company' in this year's Clean Tech Awards by 'The New Economy' magazine. The Clean Tech Awards are given out by The New Economy, a quarterly publication whose goal is to engender financial investment and encourage


 
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