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EU Changes Cabotage Contract Guidance

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The European Commission has given new guidance on the interpretation of EU cabotage regulation, which allows contracts of up to 12 years instead of the current six years, according to trade organisation Maritime London. The EC statement explains: “With the new guidance competent authorities will have more legal certainty when awarding public service contracts and imposing public service obligations. Shipowners will also benefit from more legal clarity, allowing them to better organise their business in Europe.” It says that the updated guidelines provide further clarifications on: The scope of the freedom to provide services in the maritime cabotage sector (who enjoys that freedom and which services the regulation covers)

 The award procedure for public service contracts and the duration of these contracts

 The manning rules on vessels providing maritime cabotage

• Transitional arrangements for Croatia According to the statement, the main change in the Commission's interpretation relates to the duration of public service contracts. It says that public service contracts should have a limited duration in order to allow regular and open prospecting of the market. With a view to complying with the principle of proportionality in any market intervention, member states should choose the least 'distortional' means to meet essential maritime transport needs.


Corrected Transmission of Service Contract Filing Proposed

The Federal Maritime Commission (FMC) issued a Notice of Proposed Rulemaking


FMC Assesses Civil Penalty of $1.5 Million Against Foreign NVOCC

The Federal Maritime Commission (FMC) released its Report and Order affirming Initial Decision finding that a non-vessel-operating common carrier (NVOCC) based in Taiwan had violated the Shipping Act of 1984 on various occasions and assessing a civil penalty of $1,530,000. The NVOCC was found to have knowingly and willfully obtained ocean transportation at less than applicable rates by accessing service contracts to which it was neither a signatory nor an affiliate of a signatory


National Customs Brokers Petitions for FMC Investigation

The Federal Maritime Commission (FMC) issued a notice stating that the National Customs Brokers and Freight Forwarders Association and the International Association of NVOCCs have petitioned the FMC for an investigation of certain activities of the Transpacific Stabilization Agreement (TSA). The petition alleges that the TSA violated the Shipping Act of 1984 through discriminatory service contracting practices with regard to traffic moving in the eastbound transpacific trades that


GD Wins $8m for Virginia-class Sub Work

General Dynamics Electric Boat has been awarded an $8.3 million contract modification by the U.S. Navy to procure components for Virginia-class nuclear-powered attack submarines. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD). Under the contract modification, Electric Boat will procure material for the construction of Advanced Integrated Low Pressure Electrolyzers used on Virginia-class submarines


Delta Wave Names Global Warranty Group Exclusive Provider

Global Warranty Group (GWG), a third party administrator and premier provider of Extended Service Contract and OEM programs throughout the United States and Canada, announced it has entered into an agreement with Delta Wave Communications LLC to be the exclusive provider of extended service plans for their mobile satellite and VSAT equipment. As a North American administrators of OEM and Extended Service Plans, GWG will leverage its experience of developing and delivering innovative


Maersk Line Increases Rates

Maersk Line will be implementing a general rate increase on the Eastbound Mediterranean trade from the East Coast and Gulf ports of North America to Mediterranean ports. The increase will apply for all cargo under Maersk Line independent tariffs and service contracts as agreed with our customers individually. The level of increase will be $400 per 20-ft. and $600 per 40-ft. applicable on dry cargo and will be effective 15 November 2007.


TSA Complaint Settled

The Federal Maritime Commission issued a Press Release stating that the Commission has entered into a settlement agreement with the major ocean carrier agreements and their members who serve the inbound waterborne U.S. trades with Asia, including the Transpacific Stabilization Agreement (TSA) and two TSA-related bridging agreements. The settlement addresses carrier practices and provides, among other things, for payment of $1,350


FMC Recovers $350,000 in Penalties

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The Federal Maritime Commission (FMC) announced that it has completed compromise agreements recovering a total of $350,000 in civil penalties. The agreements were reached with a vessel-operating common carrier and three non-vessel-operating common carriers (NVOCCs). The agreed penalties resulted from investigations conducted by the Commission’s Area Representatives in Los Angeles and Washington D.C. headquarters staff


Polarcus Awarded 3D Project Off West Africa

Polarcus Nadia (Photo: Polarcus)

Polarcus Limited has signed a letter of intent with Perenco Oil & Gas Gabon S.A. for a 3D marine seismic acquisition project offshore West Africa.   The project, to be acquired by Polarcus Nadia and subject to the execution of a service contract, will commence in the first quarter of 2015 and is expected to run for approximately 21 days.  


Dynagas Contracts ABB for Turbocharger Maintenance

Photo courtesy of ABB Turbocharging

ABB Turbocharging, a provider for the manufacture and maintenance of turbochargers for 500 kW to 80+ MW diesel and gas engines, has signed a long-term Maintenance Management Agreement (MMA) with Dynagas Ltd. The service contract covers all Dynagas TFDE (tri-fuel diesel electric) vessels:


ABB, Dynagas Sign Turbocharger operating Deal

Clean Ocean Courtesy ABB

  ABB Turbocharging, the leading provider for the manufacture and maintenance of turbochargers for 500 kW to 80+ MW diesel and gas engines, has signed a long-term Maintenance Management Agreement (MMA) with Dynagas Ltd. The service contract covers all Dynagas TFDE (tri-fuel diesel electric)


ABB Services Over 300 Turbochargers for CSCL

Photo: ABB

New service contract covers a further 113 turbochargers     ABB Turbocharging, part of the power and automation technology group, announced it has signed its third and largest Operation Performance Package service agreement with China Shipping Container Lines (CSCL)


Armstrong Named VP MOL (America)

MOL (America) Inc. welcomed Ronnie Armstrong to the position of vice president, area operations. He leads MOL (America) Inc.’s vessel and equipment management, intermodal services, contract management, and cost control and planning groups for the United States and Canada and has functional


Polarcus Secures New Contract

Polarcus Alima. Photo by Polarcus DMCC

 Polarcus Limited sign a new contract with an unnamed client in terms of a marine 3D seismic project where Polarcus' Right Band technique used  for broadband data acquisition.   It is stated in a stock exchange release. The project


FMC Collects $1,227,500 in Penalties from NVOCC's

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Federal Maritime Commission Chairman Mario Cordero announced that the Commission has completed compromise agreements recovering a total of $1,227,500 in civil penalties.   The agreements were reached with seven non-vessel-operating common carriers (NVOCCs) and one vessel-operating common


GE Inks Turbine Service Deal for Fastest Commercial Ship

Shown is Francisco, the world fastest commercial ship, powered by two GE LM2500 dual fuel marine gas turbines. (Photo: GE)

GE to provide Buquebus with customized service agreement for LM2500 gas turbines that power Francisco, the world’s fastest commercial ship   GE Marine announced it will provide Buquebus, Buenos Aires, Argentina, with a customized service agreement for the two GE LM2500 gas turbines


Brazil Prosecutors: Charges Pending over Ensco Drillship Lease

Brazilian prosecutors plan to file criminal charges stemming from the lease of an Ensco Plc offshore oil-drilling ship to Brazil's state-run oil company Petrobras "in due course," they said.   The plan to prosecute over the Ensco-Petrobras charter was mentioned in a Thursday


'Frack now, pay later,' - Top Companies Amid Oil Crash

Schlumberger NV

  Business is so tough for oilfield giants Schlumberger NV and Halliburton Co that they have come up with a new sales pitch for crude producers halting work in the worst downturn in years. It amounts to this: "frack now and pay later."


ABB Turbocharging Inks Service Deals Covering 400 Units

Photo courtesy of ABB

Press release - ABB Turbocharging has signed long-term service agreements with three marine and offshore transport firms covering a total of 400 turbochargers globally.  The service contracts span a period of several years and include turbocharger monitoring


Kooiman BV Contracts for Survey, Life-Extension of SWATH

Photo: Kooiman

The Dutch Pilotage Service contracted with Kooiman BV for a major maintenance survey and life-extension of its SWATH vessel Cetus en Persues. The SWATH, a catamaran vessel measuring 25.7 x 14.3 x 2.7m was built in 2005.   Combined with regular special survey


BW Fleet Management Selects MarineLink

Oslo based BW Fleet Management have chosen to sign a 3 year “BuyerLink” Service contract with EVRY, to use the MarineLink Service and run in parallel with their other eCommence providers who integrates directly with their Oracle EBS Purchasing application.


Final OTI Rules Approved

Federal Maritime Commission logo

  The Commission voted at its meeting 22nd October to issue a final rule on ocean transportation intermediary (OTI) licensing and financial responsibility requirements, and directed staff to prepare an advanced notice of proposed rulemaking concerning service contracts and NVOCC service


Peru to Cut O&G Royalties to Counter Price Slump

Peru is reducing royalties on oil and gas production to about 5 percent on average from the current 20 percent in order to encourage exploration amid slumping prices, the government said Wednesday.   The smaller take should help Peru boost interest in new oil contracts that will come up for


Transpacific Container Lines Address Economic Pressures Ahead in 2016

Pic: Transpacific Container Lines

 In a container freight market challenged by volatility and facing the prospect of further consolidation, member shipping lines in the Transpacific Stabilization Agreement (TSA) have announced a phased increase in rates and a package of 2016-17 service contract guidelines intended to ensure






 
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