FMC Assesses Civil Penalty of $1.5 Million Against Foreign NVOCC

Monday, March 03, 2003
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. Docket No. 01-10
Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Legal

WFW Advises ING Bank on $340m Loan Facility for Euronav

Watson, Farley & Williams (WFW) has advised ING Bank N.V. (ING) as sole bookrunner and facility agent for a syndicate of banks on a $340 million loan facility made available to Euronav NV.

UN Authorizes Ship Inspections Near Somalia For Arms, Charcoal

The United Nations Security Council authorized the inspection of boats suspected of carrying illegal shipments of charcoal or weapons to and from Somalia on Friday,

Foster Wheeler & MDM Engineering Merged

Foster Wheeler AG announced today that an indirect wholly owned subsidiary of the Company has completed the acquisition of MDM Engineering Group Limited (“MDM”)

 
 
Maritime Contracts Maritime Standards Naval Architecture Navigation Offshore Oil Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1647 sec (6 req/sec)