Adani buys Australian Port Operator from Glencore
A unit of India's Adani Enterprises Ltd will buy the company that operates Australia's Abbot Point Coal Terminal from Glencore Plc for A$19.25 million dollars ($14.52 million), ending a legal wrangle over control of the port. The statement from Adani and Glencore said Adani Ports and Special Economic Zone would purchase the port operator, Abbot Point BulkCoal Pty Ltd, pending regulatory approvals. Adani Enterprises, India's biggest private sector coal trader, acquired the Abbot Point Coal Terminal port from the Queensland government in 2011, considering it a key part of its plan to ship coal from Australia to India and for other exports.
Otto Marine’s Two Australian Units May Wind-up
Otto Marine Ltd. said three creditors filed three such applications with the Supreme Court of Western Australia to wind up its subsidiaries in Australia - Go Inshore Pty and Go Marine Group Pty, says a report in Bloomberg. Creditors are claiming A$787,204 (S$814,580) from the offshore marine group. The total sum claimed against the subsidiaries pursuant to the applications is in the approximate quantum of A$787,204, the company said. The management of Go Marine Group is seeking legal advice and plans to dispute the debts. The cases will be heard on Nov.
Protecting Global Maritime Traffic
The world economy depends on safe, protected, secure and sustainable maritime traffic. International Maritime Organization (IMO)’s Chris Trelawny outlined how sustainable maritime development, underpinned by good maritime security can support improved economic development, during the Offshore Patrol Vessels Middle East conference in Bahrain (28 September). Trelawny noted that while piracy and armed robbery is one threat, greater strategic threats include: illegal, unregulated and unreported fishing…
$70 Million Loan Facility for Navios
Navios Maritime Acquisition Corporation, announced today that it has agreed to provide a $70 million secured loan facility maturing in November 2018 to Navios Maritime Holdings Inc. The Loan Facility bears interest of 8.75%, compounded semi-annually and is secured by (1) all of Navios Holdings’ interest in Navios Acquisition, composed of 65,301,220 shares of common stock and 1,000 preferred shares (convertible into 7,676,000 shares of common stock) and (2) 78.5% of Navios Holdings’ interest in Navios South American Logistics, Inc.
Controversy on Hyundai Joining 2M Alliance
The world’s largest shipping alliance 2M partners - Maersk Line and Mediterranean Shipping Co (MSC) - have been quick to offer shippers an alternate service on the transpacific trade in the wake of Hanjin Shipping’s collapse. The Partners are all set to fill the gaps created by Korean owner’s receivership. However, there is controversy over legal force of the contract in which Hyundai Merchant Marine Co. (HMM) signed to join 2M, reports Business Korea. It has been found that HMM signed a memorandum of understanding (MOU) with Maersk Line and MSC in July to join the 2M alliance…
USCG Revises Model Maritime Service Code
The U.S. Coast Guard announced on May 18 the publication of an updated and revised Model Maritime Service Code designed to assist countries seeking guidance in developing effective maritime forces with corresponding authorities. The Model Maritime Service Code, primarily based on some of the laws and directives of the United States Coast Guard, provides a structure that endeavors to ensure the economy of forces and unity of effort necessary to address the spectrum of issues a maritime country may face. The code provides the legal framework to address emerging maritime safety and security concerns, including the protection of mariner rights and the effective flow of global commerce, pollution prevention, protection of living marine resources and preservation of the marine environment.
Norway Approves PBES Lithium Energy Storage
Plan B Energy Storage (PBES) said its marine energy storage system has received approval for use in electric and hybrid vessels in Norway, having met the new Norwegian Maritime Authority (NMA) standard. The lithium-ion battery manufacturer PBES, who uses the proprietary CellCool cooling and E-Vent ventilation systems, tested its energy storage system at its Trondheim facility on June 17, 2016. The test attempted to force overcharge the batteries into a thermal runaway situation and was prevented by the PBES safety systems.
Mead Promoted at Crowley
Crowley Maritime promoted Art Mead to Senior Vice President and General Counsel effective January 1. He will remain in Jacksonville and will report to Bill Pennella, Crowley's Vice Chairman and Executive Vice President. Mead will have corporate wide responsibility for all legal matters. As general counsel, Mead ensures that the business practices, policies and dealings of the corporation and its affiliates meet regulatory requirements protecting Crowley from adverse legal action. Additionally, Mead will direct legal actions for, and manage the defense of claims against Crowley and also interpret and prepare legal documents. Mead will join Crowley's Management Team and provide counsel to management on legal matters.
Global Spill Response Contract Sparks Interest
The ISCO-BIMCO spill response contract was well received at the ACI Maritime Salvage and Casualty Response Conference that took place in London last week. The contract is still under development, but is expected to be published towards the end of this year. Grant Hunter, BIMCO’s Chief Officer Legal and Contractual Affairs, who spoke at the conference said:“There was an encouraging level of interest from the conference participants in the new spill contract and its aims and objectives.
OMSA to Host Legal Forum
The Offshore Marine Service Association will hold the 2nd annual OMSA Legal Forum on Thursday, November 15 at the Hilton New Orleans - St. Charles Avenue Hotel. This event is a practical common-sense look at the legal issues facing the offshore workboat sector. Some of the topics will include a look at shipyard contracts from both the vessel owner and the shipyard’s perspective, the impact of the proposed Coast Guard medical fitness for duty standards and case studies of offshore collisions involving both vessels and rigs. The forum will also feature speakers from the U.S. Coast Guard who will talk about new policies that affect the offshore industry and private investigators who will talk about using surveillance techniques to bolster a legal case.
PD Ports Appoints Legal Contracts Manager
PD Ports recently appointed Deborah McGargle as legal contracts manager, based at the Port’s Queen’s Square headquarters in Middlesbrough. McGargle, who joined PD Ports on February 17, has extensive experience in both the legal profession and within the industry, most notably with Siemens plc in South Tyneside, where she was legal advisor and company secretary.
Maersk Legal Department Applies Lean Methodologies
IQPC Exchange interviewed the General Counsel of Maersk Line, Martin Clausen, to find out how the legal department of the largest container ship operator in the world has utilised lean methodologies, and what impact this is having on productivity. Martin's team has implemented a number of systems and methods and is planning to expand these in the future. One of the key tools they have applied so far is a visual management system. The team has also done work observations to investigate how their legal executives currently work, offer tips on how to improve their processes and identify training needs. The next stage planned for the legal department is a Gemba observation, which is a workplace observation technique used in Lean theory.
VULKAN Couplings at SMM
Buoyed by encouraging response at the international maritime trade fair SMM in Hamburg, VULKAN Couplings prepared interesting impressions from the booth and the round table maritime in the evening as well as statements referring to new products and concepts at VULKAN. The coupling specialist has in addition expanded its systems competence to include acoustics. At the SMM VULKAN unveiled its new highly flexible coupling VULKARDAN F, a further development of VULKARDAN E which has been well-established for many years.
Security Tops IMO Agenda
Headquarters, London, April 22 - 26). the 1988 Convention for the Suppression of Unlawful Acts Against the Safety of Maritime Navigation(SUA Convention) and its related Protocol. Convention for the Suppression of Terrorist Bombings (STB Convention). discussed are proposals to incorporate a number of additional offences into the SUA Convention. define the terms "ownership" and "control" of ships in the context of maritime security. that many IMO instruments place responsibilities on the shipowner. continued efficiency of commercial navigation. also expected to examine a draft protocol to establish a voluntary third tier of compensation for oil pollution victims, supplementary to the International Oil Pollution Compensation (IOPC) Fund Convention, 1992.
Conference on Legal Issues Relating to Shipping
Hinode Maritime Events informed that it is organizing a "Conference on Legal issues relating to Shipping". It is scheduled to be held on Tuesday, March 10, 2015 in the Centrum, Center One, World Trade Center, Cuffe Parade, Mumbai. The Conference will offer opportunity to delegates at the forum to discuss legal issues pertaining to shipping and will see ship owners, ship agencies, shippers, insurers, maritime law fraternity, port authorities and other maritime interests who have already registered. Recent legal developments and case studies having an impact on shipping will be the focus in the deliberations. The Conference would be of special interest to Commercial, Claims and Legal officers in shipping companies. * “Insights into Maritime Frauds” by Capt. J.P.
Attorney's Services are not "Necessary" …
In March of 1998, the owners of M/V Golden Prince were locked in a wage dispute with current and former crewmembers. The vessel owners hired a law firm from New Orleans, La., to help resolve this wage dispute. The crew sought wages and penalties from the ship owner due to an alleged breach of contract governing their pay. Ultimately, the crewmembers seized M/V Golden Prince to enforce their claims. The law firm rendered over $136,000.00 in legal fees to settle the wage claims and negotiate the release of the seized vessel. These legal fees were never paid by the ship owner. Subsequently, in January of 1999, creditors of M/V Golden Prince seized the vessel. The vessel was then sold at a public auction for $3.51 million.
IMO Attends Key UN Migrant Summit
International Maritime Organization (IMO) is at the high-level UN Summit for Refugees and Migrants being held at the UN Headquarters in New York, United States. A number of IMO treaties include provisions relating to migration by sea. These include SOLAS chapter V on Safety of Navigation, which requires the master of a ship at sea able to provide assistance to persons that are in distress at sea, to do so regardless of the nationality or status of such persons or the circumstances in which they are found.
RBS Says Starts Winding Down Shipping Business
The Royal Bank of Scotland has begun winding down its global shipping finance business, it said on Tuesday, ending efforts to sell it amid a worsening downturn across the freight industry. Chief Executive Ross McEwan is battling to complete a restructuring, which includes asset sales and thousands of job cuts, amid a low-interest rate environment that makes finding profitable new business tough. "In line with the bank's strategy to create a simpler, stronger, and more sustainable bank, better aligned to the needs of our customers in the UK and Western Europe, we are commencing the wind down of our shipping business," an RBS spokesperson said.
SRI Website Launch to Coincide with "Day of the Seafarer"
The International Maritime Organization (IMO) ‘Day of the Seafarer’ (June 25) is the opportunity for renewed efforts to safeguard the human rights of seafarers throughout the world and ensure that they are offered proper legal protection and support. That is the message from Deirdre Fitzpatrick, Executive Director of Seafarers’ Rights International (SRI). “On this important date, players in the maritime world have to ask themselves the question: how much do they care about the workers who transport over 90% of the goods we all rely on…
Crowley Promotes VP and Deputy General Counsel
Crowley Maritime Corporation announced today that Kerri McClellan has been promoted to vice president and deputy general counsel for the corporation. McClellan, who is based in Jacksonville and reports to Senior Vice President and General Counsel Mike Roberts, joined Crowley approximately two years ago as senior corporate counsel and assistant corporate secretary and has excelled at corporate governance and transactional work among other legal areas, the company said. “Kerri has been a tremendous partner in the legal department…
US Pollution Risks: Federal & State Summaries
The US Pollution Risks publication, recently published for its members by the UK P&I Club, compiles summaries of all the Federal and state requirements on liability, COFR requirements and vessel contingency plan requirements. Legal Briefings provide an overview of certain laws and regulations. The UK Club points out that while every effort has been made to ensure accuracy, the publication is only a guide and not a substitute for formal legal advice. The Oil Pollution Act of…
EU Re-imposes Sanctions on Iranian Bank, Shipping Firms
The European Union re-imposed sanctions on an Iranian bank and 32 Iranian shipping companies on Wednesday, using new legal grounds, after the measures were struck down by a European court. The EU's second highest court annulled an EU asset freeze on Bank Tejarat and 40 Iranian shipping companies in January, finding fault with the legal grounds given by the EU. The EU, as it has done in other cases, responded by re-listing Bank Tejarat and 32 of the Iranian shipping firms using new legal grounds. Eight firms were not put back on the list published in the EU's Official Journal on Wednesday. The decision comes days after Iran and six major powers reached a framework agreement to end a dispute over Iran's nuclear activities which prompted the sanctions. Reporting by Adrian Croft
Neeraj Bansal Appointed Deputy Chairman of JNPT
The Government of India has appointed Neeraj Bansal as Deputy Chairman of India's largest container port, Jawaharlal Nehru Port Trust with immediate effect. Mr Neeraj Bansal is an Officer of Indian Revenue Servie with around twenty years of experience across the country in Direct Tax Administration, Investigation, Tax-payer Service, Vigilance, Legal & Co-ordination. * LL.B. * Wide administrative experience in the general managerial capacity in handling the Legal, Personnel, Co-ordination…