Exclusion Zone Established in Iraqi Waters

Monday, May 03, 2004
The U.S. Maritime Liaison Office (MARLO) issued an Advisory stating that an exclusion zone has been established in Iraqi waters within 2,000 meters of the Khawr al Amaya and al Basrah offshore oil terminals. In addition, the right of innocent passage has been temporarily suspended in the same waters. Only oil tankers and support vessels authorized by terminal operators or coalition maritime security forces are allowed to enter the exclusion zones. Vessels attempting to enter the exclusion zones without authorization may be subject to defensive measures, including use of deadly force. Warning zones have also been established extending 3,000 meters from the outer edge of the two oil terminals. MARLO Advisory 06-04 (HK Law).

Finance

OSV firm Farstad Continues Restructuring Talks

Supply firm Farstad Shipping's CEO Karl Johan Bakken repeats is in stand-still agreement with lenders until Oct. 1   Notable disclosures: * CEO says is talking

Banks Halt Support for Hanjin

A bankruptcy would be biggest ever for a container shipper. Hanjin Shipping Co's banks are halting support for the South Korean company, its lead creditor said,

China Cosco Sinks into Red

Dragged by lackluster freight rates in the maritime transport market during the first half of 2016, China Cosco Holdings logged a 7.2 billion yuan ($1.07 billion) net loss for the January-June half,

Maritime Security

Indian Warships Visit Port Victoria

In a demonstration of India’s commitment to its ties with Seychelles and maritime security in the Indian Ocean Region, Indian Naval Ships Kolkata, Trikand and

White House: Iranian Ships' Actions in Gulf Increase Risk of Miscalculation

Actions by Iranian vessels in several encounters with U.S. warships in the Gulf this week are cause for concern and increase risks of miscalculation, the White House said on Friday.

Australia Warns DCNS after Security Breach

Australian defence officials warned French naval contractor DCNS to beef up security in Australia, where it is preparing to build a A$50 billion ($38.13 billion) fleet of submarines,

 
 
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