Maritime Law & Regulations News

Windfall revenues from high European gas prices mean Russia's Gazprom will not start pumping gas through the Nord Stream 2 pipeline before certification and it will not press Germany to speed up the process, two sources said.Pumping gas without the German approval would only incur a modest fine, but as Germany gets new political leadership and Russia's ties with the West are severely strained, a source at Gazprom said it was content to wait."We don't want to seek faster approval for the pipeline.

3i Infrastructure has agreed to acquire AMP Capital's stake in the Danish offshore vessel owner ESVAGT.The deal will result in 3i Infrastructure owning a 100% of the equity in ESVAGT. "This further investment is expected to be £268 million. Completion is subject to certain third  party consents and is expected to take place in the first quarter of 2022," 3i Infrastructure said.Peter Lytzen, CEO of ESVAGT said: "ESVAGT has for a  while been subject to a strategic sales process undertaken by our owners 3i and AMP.

Maritime Partners, LLC, through its managed funds, has acquired from J. Russell Flowers, Inc. and its affiliates, a diversified portfolio of over 1,000 marine vessels operating on bareboat charter. JRF’s fleet includes a variety of towboats, tank barges, hopper barges, and deck barges.With this acquisition, Maritime Partners’ portfolio has grown to approximately 1,600 vessels with an estimated fair market value of $1.2 billion, making the firm the largest lessor of marine equipment in the United States.J. Russell Flowers, Inc.

The Great Lakes Towing Company announced it has purchased The Wm. Plotz Machine & Forge Company.The acquisition, which includes all Plotz Machine’s assets and real estate, increases the services provided by Great Lakes and allows the company to now offer marine and industrial machine shop services to all types of customers, including shipyard new construction and ship repair. The transaction closed on Tuesday, November 30, 2021.Great Lakes said it has retained all employees of…

The Council of Members of the International Association of Independent Tanker Owners (INTERTANKO) has agreed that international shipping should strive to achieve net zero CO2 emissions by 2050. This doubles the level of ambition set in the International Maritime Organization’s Initial Strategy for GHG Emissions Reductions from International Shipping (IMO GHG Strategy), which currently calls for international shipping to reduce its emissions by 50% by 2050.INTERTANKO, which represents the majority of independent tanker owners and operators worldwide…

Further shipping talks are scheduled for next year after delegates at a U.N. agency meeting that sought to speed up decarbonization of the sector failed to make progress, officials said on Friday.The sector, which transports about 90% of world trade and accounts for nearly 3% of the world's CO2 emissions, is under pressure to deliver concrete action including a carbon levy.Earlier this month countries including the United States at the COP 26 climate summit pushed for U.N. shipping agency the International Maritime Organization to adopt a zero emissions target by 2050.So far…

Knut Arild Hareide has been appointed by the King in the Council of State as Director General of Navigation and Shipping for the Norwegian Maritime Authority for a period of six years. Hareide will take up the role on January 1, 2022."We are delighted to congratulate Knut Arild Hareide on his appointment and look forward to working with him in the years to come," says Acting Director General of Navigation and Shipping, Lars Alvestad.The Ministry of Trade, Industry and Fisheries…

French fishermen blocked a British cargo vessel from docking in a Brittany port on Friday, in protest at what they say are moves by authorities in London and Jersey to withhold licenses to fish in British waters under a post-Brexit deal.The fishermen held aloft red flares as they circled their boats outside Saint-Malo to block the Normandy Trader's path - a prelude to a planned blockade later on Friday of Calais and the Channel Tunnel, both major transport hubs for trade between…

Russian gas giant Gazprom said on Thursday its management had approved investments worth 1.76 trillion roubles ($24 billion) for 2022, up from initial plans of 902 billion roubles for 2021, to fund new production and refining hubs.Gazprom is developing new gas production deposits, including in the Arctic Yamal peninsula, which the government claims holds more than a fifth of global gas reserves.The company said its other priority projects for funding are the Power of Siberia pipeline to China, as well as gas processing plants and the maintenance of its existing pipeline network.Gazprom said ca

Following the incident in the Gulf of Guinea on 24 November involving the Danish frigate Esben Snare and a suspected pirate vessel, BIMCO calls on all naval forces in the area to further increase the pressure on piracy groups and hopes a continued naval presence will act as a deterrent.According to the Danish Armed Forces, Danish frigate Esben Snare has been involved in an incident involving suspected pirates on 24 November in the waters south of Nigeria. The Danish navy further announced that the frigate was close enough to send a team to the suspected pirates with the aim to board…

A Danish frigate has killed four pirates in waters south of Nigeria in an operation to protect shipping in the Gulf of Guinea, the Danish military said on Thursday.The Esbern Snare, deployed last month to the Gulf of Guinea amid heightened security risks from pirates, on Wednesday spotted a fast-moving vessel carrying eight suspected pirates near a number of commercial ships, the Danish military said.The incident took place in international waters,25 to 30 nautical miles south of Nigeria's territorial boundary, a spokesman said.The motorboat, spotted by a helicopter deployed by the frigate, wa

West creates a Charterers and Traders team as a new center of excellence within the Club, further enhancing the West’s popular tailor-made liability insurance products.The West of England P&I Club announced the creation of a dedicated Charterers and Traders product team to manage its Charterers Comprehensive Cover, which provides bespoke cover for charterers and traders.Suumit Madhu will lead the new team with support from Nicola Goff, Christina Anderson, Chris Ward and Paul Kaye…

Another eight current and former merchant mariners have been indicted in a a test score-fixing scheme at a U.S. Coast Guard exam center in Louisiana.The defendants are charged with obtaining, and intending to use, officer-level licenses that were procured through falsified exam scores. The fraudulent scores were for examinations designed to test the mariners’ knowledge and training to safely operate under the authority of those licenses.The allegations stem from an investigation…

Iran's Revolutionary Guards said on Saturday they had seized a foreign ship in Gulf waters loaded with what they described as smuggled diesel.Guards commander Ahmad Hajian said the ship's 11 crew had been detained, but did not give details on their nationality or identify the ship."After inspection, more than 150,000 liters of smuggled diesel were discovered," Iran's state broadcaster quoted Hajian as saying.The semi-official Fars news agency, which is close to the Revolutionary Guards…

A ship carrying two refitted former U.S. Coast Guard patrol boats designed to beef up the Ukrainian Navy transited the Dardanelles strait on Saturday days after Ukraine said it feared Russia might be preparing an attack on it.The ship carrying the two Island-class patrol boats departed Baltimore for the Ukrainian port of Odessa on November 8. Ukrainian sailors have already undergone extensive training on the vessels in the United States. Ukraine got two similar vessels in 2019.The two new boats are part of a security package to Ukraine worth over $2.5 billion since 2014…

NYK conducts third successful biofuel trial on ship carrying Tata Steel cargoThe bulk carrier Frontier Sky, which is owned by NYK and operated by Tata NYK Shipping Pte. Ltd., conducted a trial use of biofuel to transport cargo provided by Tata Steel Limited, the major steel manufacturer in India. According to the company, this is the third successful trial use of biofuel by an NYK vessel.In this test voyage, the vessel was fueled with biofuel by Toyota Tsusho Petroleum Pte. Ltd. at the port of Singapore on November 14 and a test voyage was conducted on a route to the port of Dhamra, India.

Shipping giant Maersk said it has launched its Green Finance Framework designed to allow the company to issue a variety of sustainable financing instruments which may include bonds, loans, project finance and other instruments.“Issuing Green Financing Instruments is a further step to integrating sustainability into our financing operations as it is an effective tool for channeling investments to projects with positive environmental impact and thereby contributing to the achievement of the UN Sustainable Development Goals (SDGs) and the Paris Agreement.

The sources and impact of sea-based marine litter form the focus of a new report by the Group of Experts on the Scientific Aspects of Marine Environmental Protection (GESAMP), an advisory body to the United Nations sponsored by 10 UN entities. The report outlines the various sources of marine litter and the impact and assesses the current availability of data and identifies knowledge gaps for the main categories of sea-based sources of marine plastic litter. The Working Group was established by GESAMP…

Germany's energy regulator has temporarily halted the certification process for the Nord Stream 2 gas pipeline, requiring the Swiss-based, Gazprom-led consortium behind the infrastructure to form a German subsidiary to secure a licence.Following are some of the legal considerations associated with the move by Germany's Federal Network Agency, which aims to strengthen its oversight of the project in Germany.The list is partly based on information provided by specialist energy law firm Rosin Buedenbender in Essen…

An American offshore services trade group is accusing Swiss-headquartered Geoquip Marine of violating the Jones Act, a U.S. law requiring seaborne cargo shipped between two U.S. points to be carried by American-built, -crewed and -owned vessels.A report published by the Offshore Marine Service Association (OMSA) alleges that Geoquip Marine's Geoquip Saentis—a Chinese-built, foreign-crewed and Bahamian-flagged vessel—transported subsoil samples from points on the U.S. Outer Continental Shelf (OCS) to U.S. ports for testing in support of an offshore wind project."U.S. wind power should mean U.S.

President Joe Biden signed into law a $1 trillion infrastructure bill at a White House ceremony on Monday that drew Democrats and Republicans who pushed the legislation through a deeply divided U.S. Congress.The measure is designed to create jobs across the country by dispersing billions of dollars to state and local governments to fix crumbling bridges and roads, and expanding broadband internet access to millions of Americans.The bill-signing ceremony, held in chilly weather on the White House South Lawn to accommodate a big crowd…

More than a dozen shipowners have made payments of about $300,000 apiece to release vessels detained by the Indonesian navy, which said they were anchored illegally in Indonesian waters near Singapore, according to sources with direct knowledge of the matter.The dozen sources include shipowners, crew and maritime security sources all involved in the detentions and payments, which they say were either made in cash to naval officers or via bank transfer to intermediaries who told…

The $1 trillion infrastructure package headed to President Joe Biden to sign into law will provide a welcome funding injection for America’s inland waterway infrastructure.The bipartisan Infrastructure Investment and Jobs Act was approved by Congress on November 6 and is expected to be signed by President Biden next week. The plan has money for everything from roads, bridges, ports and rail transit, to safe water, the power grid, broadband internet and more, including $2.5 billion…

German container shipping line Hapag-Lloyd reported a more than 10-fold surge in nine-month net profit on Friday, citing record freight rates amid scarce transport capacity and rising transport volumes.The world's fifth biggest operator said net profit climbed to 5.6 billion euros ($6.41 billion) in the January-September period, from 538 million euros a year earlier.It expects earnings momentum to remain at a high level for the rest of the year while operators and customers across…

The Sothys oil tanker is heading back to Vietnam, with its crew all in good health, after the vessel was released by Iran, an official of Opec Petrol Transportation Co., the owner of the tanker, said on Wednesday."It will take weeks or months for the tanker to arrive," the official told Reuters, declining to be named because she was not authorised to speak to media.The Iranian Revolutionary Guards confirmed the ship's release earlier on Wednesday, according to state media.(Editing by Martin Petty)

Balmoral Group sold its shareholding in ACE Winches to a company led by ACE’s founder and former CEO Alfie Cheyne.As part of Balmoral’s share purchases in 2017 and 2019 the Cheyne family had an option to buy back Balmoral Group’s investment and the deal confirmed today is in line with this agreement. Jim Milne, Chairman and Managing Director of Balmoral Group said: “We have enjoyed working with the management and staff of ACE Winches and wish them all the best for the future.”Cheyne said…

AqualisBraemar LOC, an energy and marine industry consultancy, has agreed to buy the UK operations of ship design and marine consultancy company OSD-IMT from the Dutch-based Damen Shipyards Group.OSD-IMT is a specialist consultancy in ship design for new build, refit, and conversion projects. The company operates the renewables, maritime, defense, and offshore oil and gas sectors."Combining OSD-IMT's wide track record with ABL Group's own expertise in specialist ship design, marine…

Freight and logistics insurer TT Club said it has appointed Kevin Blunsum as its first Chief Technology Officer.Blunsum is a highly experienced and well-respected member of the London-market insurance community. Over his 30-year career he has held a variety of positions engaged in insurance technology development and change management with Deloitte, EY, Accenture, and more recently with Aspen Insurance as Director of Business Transformation.Blunsum will be working closely with Lisa Gibbard…

The U.S. Federal Trade Commission will vote next week on whether it will study if supply chain disruptions have affected competition, the agency said in a statement describing the agenda as tentative.The meeting will be held on November 18, the statement said.Faced with long delays in getting goods into U.S.

A coalition of 19 countries including Britain and the United States on Wednesday agreed to create zero emissions shipping trade routes between ports to speed up the decarbonization of the global maritime industry, officials involved said.Shipping, which transports about 90% of world trade, accounts for nearly 3% of the world's CO2 emissions.U.N. shipping agency the International Maritime Organization (IMO) has said it aims to reduce overall greenhouse gas emissions from ships by 50% from 2008 levels by 2050.

Following the announcement of a proposed merger between offshore drillers Maersk Drilling and Noble Corporation on Wednesday, a Noble shareholder said it would vote against the deal.The combination is a primarily all-stock transaction where the shares of the combined company will be distributed equally between the current shareholders of Noble and Maersk Drilling.The transaction is planned to be implemented through an English incorporated holding company, which will make a voluntary tender exchange offer to the shareholders of Maersk Drilling.

Environmental activists who shut the largest U.S. energy export port for a day to protest climate change agreed to pay police, fire and court costs to settle state criminal charges, officials said on Friday.Greenpeace members halted shipping in September 2019 by dangling on ropes from a bridge over the Houston Ship Channel to bring attention to climate change concerns during a presidential debate in the city.Felony charges of disrupting critical energy infrastructure were later dismissed by a Houston grand jury.

A group of U.S. Senate Republicans said on Monday they had introduced legislation that would impose mandatory sanctions on Nord Stream 2, a Russian-backed natural gas pipeline that opponents believe would be harmful to U.S. allies in Europe.The six lawmakers, led by Senator Jim Risch, the top Republican on the Senate Foreign Relations Committee, offered the measure as an amendment to the National Defense Authorization Act, or NDAA, a sweeping defense policy bill that is one of…

Viasat agreed to buy British rival Inmarsat on Monday in a $7.3 billion deal to broaden the U.S. based company’s satellite and land-based communications services.The takeover of London-based Inmarsat comes just two years after it was taken private in a $3.4 billion deal by a consortium of British-based Apax partners, U.S.-based Warburg Pincus and two Canadian pension funds.While Viasat offers connectivity and communications services to residential, aviation and defense customers in North America…

China's military has built mockups in the shape of a U.S. Navy aircraft carrier and other U.S. warships, possibly as training targets, in the desert of Xinjiang, satellite images by Maxar showed on Sunday.These mockups reflect China's efforts to build up anti-carrier capabilities, specifically against the U.S. Navy, as tensions remain high with Washington over Taiwan and the South China Sea.The satellite images showed a full-scale outline of a U.S. carrier and at least two Arleigh…

British defense company BAE Systems stuck to guidance for earnings to grow by 3% to 5% this year over 2020's result and said that demand for its products and services remained high.BAE, whose main customers are the United States, Britain and Saudi Arabia, also said that so far it had been able to overcome supply chain pressures affecting many other manufacturers globally, helped by the long-lead items it uses in programs.Defense has been largely unaffected by the pandemic, with governments sticking to military and security commitments…

Trade group The American Waterways Operators (AWO) has released a set of environmental stewardship best practices for the tugboat, towboat, and barge industry.Distributed to AWO members and available on the AWO website, the best practices are intended to inform, support and guide vessel operators' continuous improvement in the areas of water quality, energy efficiency, air quality, waste management and corporate responsibility, AWO said."Barge transportation is the safest, most environmentally sustainable mode of freight transportation," said Jennifer Carpenter, AWO president and CEO.

An Ohio man has been arrested on federal charges after suspected explosive devices were found on Ohio River towboats, authorities said.Nathaniel Blayn Becker, of Marietta, Ohio, was charged on October 28 in a federal criminal complaint with possession of one or more unregistered destructive devices.Forty-two-year-old Becker is accused of purchasing pipes and other components that formed suspected destructive devices recovered by law enforcement officers from two different tugboats on the Ohio River on October 21 and October 25, 2021.

Nippon Yusen and Kawasaki Kisen Kaisha, Japan's biggest and third-biggest shipping companies, reported record quarterly profits as they benefited from higher freight rates amid the chaos hitting global supply chains.The logjams and bottlenecks in the world's trade system, which threatens to derail a recovery from the worst health crisis in a century, has provided a bonanza to such companies as freight rates soared to the highest since 2008. "Port and inland congestion did not improve due to a shortage of drivers for inland haulage…

Euronav on Thursday pointed to a recovery in freight rates, after the oil shipping and storage operator swung to a loss in a "challenging" third quarter.The tanker industry has been under pressure this year as global crude oil exports have been constrained by OPEC+ output cuts and as COVID-19 outbreaks have continued to depress demand, delaying any recovery in freight rates.But the Antwerp-based group, which provides crude oil shipping and storage services, flagged positive developments contributing to a strong recovery in activity since early September.Euronav's shares pared early losses to s

Vietnam has been in talks with Iranian authorities over the seizure last month of a Vietnamese oil tanker off the Iranian coast, in an effort to guarantee the safety of the crew, the Southeast Asian nation's said on Thursday.Talks had taken place on a diplomatic level in Hanoi and Tehran "to verify information and settle the incident to ensure safety and humane treatment for Vietnamese citizens," Vietnam foreign ministry spokeswoman Pham Thu Hang told a regular briefing.The Pentagon…

U.K.-based safety and survival solutions provider Survitec said it has completed its acquisition of Blue Anchor Fire & Safety, a Scottish provider of survival solutions to the fisheries, maritime and offshore energy industries.The investment, part of Survitec’s expansion strategy, follows the acquisition in May of Norway’s Hansen Protection, a provider of personal protective equipment.Baba Devani, Chief Executive Officer, Marine, Survitec, said, “We are delighted to announce this acquisition…

North P&I Club has announced the appointment of Michael Asherson as Claims Director, in a return to the Club after three years in private practice in his native South Africa.Asherson, who spent 18 years with North in the period up to 2018, returns to North’s Newcastle head office from November 2 to focus primarily on charter claims.“We are delighted to welcome Michael back to North in view of the widely recognized claims and legal expertise he developed at North and in private practice,” said Paul Jennings, Chief Executive, North.

Danish authorities have detained a Russian research vessel and seized the ship's documents, Russia's embassy in Copenhagen said on Thursday.Russian RIA news agency reported that 61 people were on board of the vessel, citing the embassy.The embassy said the vessel, Akademik Ioffe of the Shirshov Institute of Oceanology of the Russian Academy of Sciences, was detained on November 1 while it was refueling at the port of Skagen.The arrest of the vessel was carried out as an interim measure in a third party claim related to the previous activities of the Akademik Ioffe vessel, it said.The vessel wa

Russia's Black Sea naval forces practiced destroying enemy targets on Tuesday as Moscow bristled at the presence of two U.S. warships in the area.President Vladimir Putin said on Monday that Russian forces could observe the USS Mount Whitney navy command ship "through binoculars or in the crosshairs of its ... defense systems" and complained about NATO activity near Russia's borders.On Tuesday, the Black Sea fleet said its ships had rehearsed destroying enemy targets and that their air defense systems had been put on alert at its bases in Novorossiysk and on annexed Crimea…

A French court ruled on Wednesday that a British trawler impounded by French authorities could sail for home, overturning an earlier demand that its captain pay a 150,000 euro ($174,000) bond, a lawyer for the captain told Reuters.The Cornelis Gert Jan was seized last week, with French authorities saying it had been caught fishing for scallops in French territorial waters without a proper license.The lawyer for the Irish captain, Jondy Ward, said earlier the vessel was a pawn…

Norwegian Cruise Line Holdings Ltd on Wednesday forecast a return to profitability in the second half of 2022, as the U.S. travel and tourism industry claws back from the impact of the COVID-19 pandemic.Cruise operators recorded billion-dollar losses last year as many ships anchored offshore without passengers, but pent-up demand for leisure travel and roll-out of COVID-19 vaccines have helped cruise lines pull thousands of guests again.U.S. health officials earlier this year…

At a time when the world has become more aware than ever before about the vital importance of the world’s ocean shipping fleet, which carried supplies, merchandise and much needed personal protective equipment during the COVID-19 pandemic, an increased risk from a different threat, cyberattacks, presents a set of new challenges. According to Israeli cybersecurity specialist Naval Dome, since February 2020, there has been a 400% increase in attempted hacks on the maritime realm…

The head of a U.S. commission that oversees ocean transportation said in an interview on Tuesday he suspects some ocean carriers have improperly charged importers, one of many factors driving supply chain woes.A broad range of companies importing goods have been frustrated not only by the pile-up of ships outside harbors but also by higher shipping costs and fees for lapses many say are for problems outside their control.U.S. Federal Maritime Commission Chairman Dan Maffei said the current mess is largely driven by a demand surge as the U.S.

The Arab Petroleum Investments Corporation (APICORP), an energy-focused multilateral development financial institution, and the National Bank of Fujairah (NBF) signed a five-year $108 million debt finance facility with Hartree Maritime Partners, LLC (HMP), the shipping affiliate of Hartree Partners, a global energy and commodities firm, with the aim to help boost maritime sustainability.The facility, in which APICORP acted as the Mandated Arranger and Facility Agent, will be utilized to finance HMP’s purchase of two eco-friendly very large crude carriers (VLCC).

A British scallop dredger seized by France is still being held at the port of Le Havre, the owner of the ship said on Tuesday, after a British minister said the vessel had been released by French authorities.Post-Brexit bickering over fish culminated last Wednesday in the French seizure of the British dredger, the Cornelis Gert Jan, in French waters near Le Havre."As far as we are aware, the vessel remains held at the port of Le Havre at least until the hearing tomorrow," Andrew Brown…

Denmark, the United States and 12 other countries on Monday backed a goal to reduce emissions by the global maritime sector to zero by 2050, a target to be fleshed out in negotiations at the United Nations shipping agency.The initiative, led by Denmark and announced on the sidelines of the U.N. COP26 climate summit in Glasgow, Scotland, aims to build support among countries for the goal at the International Maritime Organization, which is considering new emissions-cutting measures…

The Centers for Disease Control and Prevention (CDC) said on Saturday that unvaccinated foreign nationals under the age of 18 traveling to the United States by air do not have to self-quarantine upon arrival.CDC Director Rochelle Walensky on Saturday signed a revised order clarifying that foreign national children who have not been vaccinated against COVID-19 do not need to isolate for seven days upon arrival in the United States.A CDC order issued on Monday had raised alarm among some foreign travelers that their children would need to quarantine for that long after arriving.On November 8…

The Biden Administration’s struggles to alleviate supply chain capacity issues appear to be continuing with no end in sight. Part of the issue arises from the Administration’s limited focus on ports and another part arises from Congressional stalemates. Could the much-needed beltway leadership on these issues come in the form of the newly-tapped Maritime Administrator?Biden focuses on ports to address larger issuesThroughout October the President and his Supply Chain Disruptions…

The Iranian navy thwarted a pirate attack against an Iranian oil tanker in the Gulf of Aden on Monday, Iranian state TV said. "Before crossing the Bab al-Mandeb straight, the tanker was approached by four boats carrying armed men who were prevented in their attack after the Iranian escort fired warning shots," state TV reported.Iran’s navy has extended its reach in recent years, sending vessels to the Indian Ocean and the Gulf of Aden to protect Iranian ships from Somali pirates. (Reporting by Dubai Newsroom; Editing by Andrew Cawthorne and Nick Macfie)

Australia's maritime safety regulator is seeking ways to reduce man overboard drownings, including potentially creating a rule that would require lifejackets to be worn on certain domestic commercial vessels.Since July 1, 2013, 34 incidents on domestic commercial vessels have resulted in 44 people drowning, according to the Australian Maritime Safety Authority (AMSA), who noted safety data and research strongly indicates that wearing a lifejacket significantly improves chances…

The U.S. Coast Guard said it has issued type approval to Hyundai Heavy Industries' HiBallast NF ballast water management system.The type approval is the 45th granted by the USCG's Marine Safety Center, awarded following a detailed review of the manufacturer’s type approval application determined the system met the requirements of 46 CFR 162.060The treatment principle of the HiBallast NF BWMS consists of electrolysis treatment during uptake and neutralization at discharge. The U.S.

In an attempt to bring more international shipping firms onshore to the UK, the British chancellor of the Exchequer Rishi Sunak provided the biggest shake-up to the UK’s domestic tonnage tax since its introduction 20 years ago.The British government explained that In order for global shipping companies to benefit from paying less tax, there are two routes for companies to benefit: they can either show that they are investing in the net carbon zero transition, or they need to be…

Regulations governing deep-sea mining will take longer to finalize due to the global pandemic, a group of Latin American countries said, creating uncertainty for companies looking to mine the sea bed for metals, including cobalt and nickel.The delayed negotiations also pose a potential difficulty for companies seeking financing from investors to mine the sea floor.The U.N.’s International Seabed Authority (ISA) is working on global rules covering sea bed mining, which is not allowed…

Singapore's highest court has dismissed an appeal by oil tycoon Lim Oon Kuin and his two children after they were successfully sued for breach of fiduciary duties by the court-appointed managers of a company they once owned.Lim is the founder of defunct Hin Leong Trading Pte Ltd and Ocean Tankers, once one of Asia's largest oil trading and shipping firms, which both went under judicial management in 2020, after oil prices collapsed."The entire conduct of this litigation has led to an immensely unsatisfactory state of affairs…

World leaders attending COP26 climate talks from the end of the month must ratchet up pressure to make shipping decarbonize by 2050, a senior industry official involved in the meeting said.Shipping, which transports about 90% of world trade, accounts for nearly 3% of the world's CO2 emissions.U.N. shipping agency the International Maritime Organization (IMO) has said it aims to reduce overall greenhouse gas (GHG) emissions from ships by 50% from 2008 levels by 2050. The goal is…

The GEF-UNDP-IMO Glofouling partnership (2017) is a global initiative to counter the environmental issue of invasive aquatic species (IAS) and the resulting harmful ecological and financial damage that can occur when such invasion events are introduced through the medium of biofouling on ships hulls and other marine structures such as those found in the oil and gas industries.One of the key objectives of the Glofouling project is to develop a Global Knowledge Hub and also identify…

A U.S. trade group representing companies selling luggage, backpacks and other travel products has written President Joe Biden asking that regulations on shipping and other fees be strictly enforced to help bring down the cost of shipping.The Travel Goods Association, whose companies do some $1 billion in U.S. sales annually, asked for "immediate action – aggressive enforcement, leadership to bring the full gamut (of) stakeholders to the table, provide immediate relief, and more."They…

America's top container ports Los Angeles and Long Beach are cracking down on ocean carriers whose containers linger on terminals as clogged U.S. seaports struggle to keep up with record box volumes.Under the new policy, developed in coordination with the Biden-Harris Supply Chain Disruptions Task Force, U.S. Department of Transportation and multiple supply chain stakeholders, and set to take effect November 1, the ports will charge ocean carriers for each truck-bound container dwelling nine days or more and rail containers that sit for three days or more.

A Russian Navy destroyer has fended off a pirate attack on a container ship near the western coast of Africa, Russia's Defence Ministry said on Tuesday.Destroyer Vice Admiral Kulakov received a distress signal from Panama-registered container ship Lucia en route from Togo to Cameroon on Monday, the ministry said in a statement, and dispatched a unit of marines on a helicopter to it.The pirates immediately fled, allowing Russian soldiers to free the ship's crew.The Russian destroyer was part of a group patrolling the Gulf of Guinea to ensure the security of civilian navigation.

Russian and Chinese warships held their first joint patrols in the western Pacific Ocean over the past week, Russia's defense ministry said on Saturday, a move Japan said it was monitoring.Moscow and Beijing, which staged naval cooperation drills in the Sea of Japan earlier in October, have cultivated closer military and diplomatic ties in recent years at a time when their relations with the West have soured.The naval maneuvers, which Russia said ran from Sunday through Saturday…

The U.S. mediator for indirect talks on border demarcation between Lebanon and Israel said on Thursday that the negotiations he was hoping to revive should be concluded in a short period if they were to succeed.Amos Hochstein, speaking to Al Hadath TV during a visit to Beirut, said holding the indirect talks last year between the two sides in the presence of the United States and the United Nations was an important milestone but that it remained to be seen whether the right time to resume the talks was now."Perhaps there should be some shuttle diplomacy first…

A new information paper from the Oil Companies International Marine Forum (OCIMF) provides guidance on hiring private maritime security companies (PMSCs). The use of PMSCs onboard merchant ships is widely accepted as one of the measures which can assist in keeping seafarers safe from harm and protecting vessels operating in areas of increased threat.While industry best management practice does not recommend or endorse the employment of PMSCs, the use of experienced and competent PMSCs either onboard the vessels…

EU shipping power Greece has told the European Commission that adding the industry to the bloc's carbon emissions trading scheme should be proportionate and tightly enforced to secure a level playing field for the European fleet in global markets.In a letter sent to Commission head Ursula von der Leyen, Greek Prime Minister Kyriakos Mitsotakis said that countries should also get back the revenue raised by the costs their ships would pay and that money should be spent on decarbonizing maritime transport.Greek-owned vessels represent 58% of the EU's fleet…

Singapore authorities have charged two individuals in court for alleged corruption in relation to the trade and supply of marine fuels, the Corrupt Practices Investigation Bureau (CPIB) said in a statement.Afzal Bin Mohamed Ekbar, a bunker trader at KPI Bridge Oil Singapore Pte Ltd at the time, had allegedly obtained at least $191,000 on multiple occasions between 2017 and 2018 from the director of Straits Bunkering Pte Ltd, Shafiq Bin Nezammuddin, as kickbacks for nominating Straits for the supply of bunker fuel to KPI's customers, the CPIB statement said on Tuesday."Afzal had also allegedly

The Canada-Newfoundland Offshore Petroleum Board said on Tuesday that it has laid three charges following a 2018 oil spill off Canada's Atlantic Coast.The board said it laid the charges against Husky Oil Operations Limited for the spill in the White Rose Field. Cenovus Energy has since then acquired Husky.A leaking flowline from the White Rose Field to the SeaRose floating production, storage and offloading unit spilled 250 cubic meters (1,572 barrels) of oil in November, 2018…

A group of 10 naval vessels from China and Russia sailed through a strait separating Japan's main island and its northern island of Hokkaido on Monday, the Japanese government said, adding that it is closely watching such activities.It was the first time Japan has confirmed the passage of Chinese and Russian naval vessels sailing together through the Tsugaru Strait, which separates the Sea of Japan from the Pacific.While the strait is regarded as international waters, Japan's ties with China have long been plagued by conflicting claims over a group of tiny East China Sea islets.

Banks are demanding much stricter environmental criteria when financing shipping companies as investor pressure grows on the sector to accelerate going greener, according to Boston Consulting Group (BCG).Shipping, which transports about 90% of world trade, accounts for nearly 3% of the world's CO2 emissions and BCG forecast the industry will need $2.4 trillion to achieve net-zero emissions by 2050."ESG-driven requests are already prompting more action from banks. Shipping is already feeling it and they (shipping companies) are under pressure now…

Iranian naval forces intervened on Saturday to repel pirates who attacked an Iranian oil tanker in the Gulf of Aden, Iran's state media reported.Pirates in five speedboats attacked the unidentified tanker, but they fled after facing heavy fire from Iran's navy, the state broadcaster IRIB said on its website.Iran’s navy has extended its reach in recent years, dispatching vessels to the Indian Ocean and the Gulf of Aden to protect Iranian ships from Somali pirate attacks.(Reporting by Dubai newsroom Editing by Mark Potter)

President Joe Biden intends to nominate Ann Phillips to serve as Administrator of the U.S. Maritime Administration (MARAD) at the Department of Transportation (DOT), the White House announced Thursday. The position has been vacant since Mark Buzby resigned from the role in the wake of the insurrection at the U.S. Capitol in January.If confirmed, Phillips, a retired U.S. Navy rear admiral and currently the first Special Assistant to the Governor of Virginia for Coastal Adaptation and Protection…

Russia said one of its military vessels chased away a U.S. naval destroyer that attempted to violate Russian territorial waters during Russian-Chinese naval drills in the Sea of Japan on Friday.There was no immediate comment from the U.S. side.The Russian defense ministry said the crew of a Russian anti-submarine vessel, the Admiral Tributs, had radioed a warning to the USS Chafee that it was "in an area closed to navigation due to exercises with artillery fire".The U.S. destroyer failed to change course and instead raised flags indicating it was preparing to launch a helicopter from its deck…

U.S. lawmakers on Wednesday urged the Transportation Department to take action to address persistent allegations of rape, sexual assault, and sexual harassment made by midshipmen at the government's main school for merchant mariners.Lawmakers said a "toxic culture" had allowed sexual abuse to fester and go unchallenged at the U.S. Merchant Marine Academy (USMMA), which works with major shipping lines to prepare new recruits for a life at sea.Senator Maria Cantwell, who chairs the Commerce Committee…

Marine robotics company Ocean Infinity announced it has acquired Red Rock, a technology company with solutions that will enable autonomous port operations, an enabler for future uncrewed shipping.Red Rock is developing digital and autonomous solutions in an effort to revolutionize lifting and handling both onshore and offshore.The acquisition will combine Ocean Infinity’s ‘Armada’ robotic vessels and low emission operations with Red Rock’s ability to develop hardware and software solutions for remote and autonomous handling.

The world's largest shipping firm A.P. Moller-Maersk has suspended five employees as part of an investigation into an alleged sexual assault on one of its ships run by a U.S. subsidiary, and said it was working closely with American authorities."We do everything we can to ensure that all of our workplace environments, including vessels, are a safe and welcoming workplace and we've launched a top to bottom investigation," said chief executive officer Bill Woodhour of Maersk Line, Limited in an emailed statement.Maersk Line, Limited (MLL) is a U.S.-based subsidiary of the A.P.

Jeffersonville, Ind.-based barging company American Commercial Barge Line (ACBL) has agreed to acquire and preserve 649 acres of woodland wildlife habitat and will pay an additional $2 million for damages stemming from a 2008 oil spill on the Mississippi River, near New Orleans.The company has already paid $1.32 million to reimburse the federal and state trustees for their past damage assessment and restoration planning costs after one of its barges discharged approximately 6,734 barrels (282,828 gallons) of No. 6 fuel oil into the Mississippi River upriver of New Orleans in July 2008.

Britain's new aircraft carrier the HMS Queen Elizabeth made a stop in Singapore on Monday, part of a move to reassert itself globally and boost its military presence in Asia amid rising competition among major powers.The Queen Elizabeth led a British carrier strike group in exercises with Singapore's military at the weekend, including naval maneuvers and simulated combat training with F-35B stealth fighters and F-16 jets.Britain plans to permanently deploy two warships in Asian waters…

A U.S. Navy nuclear engineer and his wife have been charged with selling secret information about nuclear submarines to an undercover FBI agent who posed as an operative for a foreign country, the Justice Department said on Sunday.Jonathan Toebbe and his wife, Diana, were arrested on Saturday in West Virginia and charged with violating the Atomic Energy Act, the Justice Department said in a statement. They are scheduled to appear in a West Virginia federal court on Tuesday.Toebbe…

Greece's privatizations agency transferred shares corresponding to a 16% stake in Piraeus Port Authority to Chinese port operator COSCO Shipping after an amendment to a previous concession agreement, it said on Thursday.Last month Greek lawmakers amended a deal with COSCO allowing it to raise its stake in Greece's biggest port of Piraeus, paving the way for Greece to secure a major investment.Under a 2016 privatization deal, COSCO Shipping bought a 51% stake in Piraeus Port Authority for 280 million euros ($328 million) and committed to mandatory investments worth about 294 million euros over

Jo-Kell Inc. announced it has completed its acquisition of Advanced Technical Sales (ATS).Located in Pompano Beach, Fla., ATS is a distributor of industrial electrical and automation products to the southern Florida area, with a focus on technical expertise and providing custom engineered solutions. The acquisition of ATS brings the Jo-Kell to more than 90 employees.Suzy Kelly, CEO of Jo-Kell, said, “After our acquisition of Pacific Parts earlier this year, we knew that synergies between products, services, and types of customers served were important, but most important of all is that the values instilled in ATS match those of Jo-Kell.

The Saudi-Led coalition destroyed three explosives-laden boats in the Yemeni province of Hodeidah that had been readied for imminent attacks, the Saudi state-news agency said on Wednesday.The coalition added that its efforts helped to protect the shipping lanes and international trade in the Bab al-Mandab strait and the southern Red Sea, the agency quoted a statement as saying.The coalition intervened in Yemen in 2015, backing forces of the ousted government of President Abd-Rabbu Mansour Hadi against the Iran-aligned Houthis.The conflict has dragged on, killing tens of thousands, including in

Singapore-based oil trader Winson Group denied on Tuesday a U.N. Security Council report alleging that it supplied fuel to North Korea in breach of international sanctions."Winson denies, in the strongest possible terms, any and all allegations and/or insinuations that it knowingly facilitated the illicit supply of oil to North Korea in breach of any United Nations Security Council resolutions, and/or that it is a 'key node' in North Korea's procurement of oil or refined petroleum products…

Investment firm Stonepeak said on Monday it would buy Teekay LNG Partners in a deal worth $6.2 billion, as it looks to take advantage of rising global demand for LNG amid a push towards cleaner sources of energy.Prices of the benchmark U.S. natural gas contract have been on the rise, hitting seven-year highs recently. On Monday, the front-month gas futures contract was up 6.3% at $5.97 per million British thermal units (mmBtu).Stonepeak is offering $17 per unit, which represents a premium of 8.3% to the closing price of Teekay LNG's common units on Oct.

A U.S. appeals court on Thursday said workers who use cranes attached to boats to load equipment onto offshore oil rigs are not "seamen" exempt from overtime pay under federal wage law, reviving a collective action against liftboat operator All Coast LLC.The full 5th U.S. Circuit Court of Appeals voted 15-2 to deny en banc review to All Coast and reinstated a three-judge panel's unanimous February ruling that said the workers were engaged in industrial activities that had no bearing…

Canada Pension Plan Investment Board (CPPIB) said on Wednesday it had agreed to buy Ports America, one of the largest marine terminal operators in the United States, from investment firm Oaktree Capital Management LP.While no valuation was given in the announcement statement, the deal values Ports America at over $4 billion, according to two sources familiar with the matter.The transaction comes amid heightened interest in logistics, with supply-chain disruption in focus as the…

Nine people have been sentenced in Singapore to up to three years in jail for cheating buyers out of $337,000 worth of shipping fuel, authorities said in a joint statement on Thursday.The group was found guilty of using industrial strength magnets to tamper with measuring equipment known as Mass Flow Meter (MFM) on board bunker tankers owned by a unit of marine fuel services provider Southernpec (Singapore) Pte Ltd, said the Maritime and Port Authority of Singapore (MPA), the…

Liftal Hijstechniek has acquired Damen Hoisting. The agreement will be effected on October 1, and the organization will be incorporated into the full-service specialist in lifting and hoisting technology.Damen Hoisting was established five years ago as a business unit of Damen Anchor & Chain Factory B.V., located on the premises of Damen Shiprepair Rotterdam in Schiedam. The hoisting division serves customers from various markets such as the maritime, offshore, industrial and…

Britain said on Sunday it had collected evidence of multiple ships from various nationalities apparently breaching United Nations sanctions against North Korea which ban the sale of fuel to the country.British frigate HMS Richmond has been taking part in UN sanctions enforcement operations in the region."HMS Richmond’s deployment in the East China Sea identified ships acting in suspected breach of UN sanctions and tracked vessels which had previously not been flagged to the Enforcement Coordination Cell…

China strongly condemned Britain on Monday for sailing a warship through the sensitive Taiwan Strait, saying it was behavior that “harbored evil intentions” and that the Chinese military followed the vessel and warned it away.A post on the ship’s Twitter account said HMS Richmond passed through the strait en route to Vietnam. It had been deployed in the East China Sea while taking part in United Nations sanctions enforcement operations against North Korea.China claims Taiwan as…

Russia's navy practiced firing at targets in the Black Sea off the coast of annexed Crimea using its Bastion coastal missile defense system, Russia's Defense Ministry said on Thursday as Ukraine held joint military drills with the United States.The exercises in Ukraine involving U.S. and other NATO troops are set to run until Oct. 1. They follow huge war games staged by neighboring Russia and Belarus earlier this month that alarmed the West.Kyiv's relations with Moscow plummeted…

Classification society Lloyd's Register (LR) announced Thursday it has acquired GreenSteam, a marine data intelligence company specializing in improving vessel efficiency through machine learning. The acquisition will be integrated and managed by i4 Insight, a subsidiary of Lloyd’s Register. i4 Insight, part of LR's Maritime Performance Services business, is a digital platform that allows shipowners, operators and charterers to access insights on vessel performance and fuel consumption across their fleets.

Indian officials said on Tuesday they had seized nearly three tonnes of heroin originating from Afghanistan worth an estimated 200 billion rupees ($2.72 billion) amid the chaos following last month's takeover of the country by the Taliban.Afghanistan is the world's biggest illicit opiate supplier, but since taking power, the Islamist Taliban have said they plan to ban the drug trade, without giving details on how.Two people had been arrested in connection with the haul and investigations were ongoing…

Remotely piloted aircraft are assisting Spanish authorities in actively monitoring sulphur emissions from ships transiting one of the world’s busiest shipping lanes.Over the summer the European Maritime Safety Agency’s (EMSA) aerial drones have been monitoring the level of sulphur oxides released by ships transiting the Strait of Gibraltar. The operation carried out by the Spanish General Directorate of Merchant Marine  – under the direction of the Spanish Ministry of Transport…

Terral RiverService announced September 1 the acquisition of the assets of Vidalia Dock and Storage Company, Two-J Ranch Inc., 363 Dry-Dock & Repair LLC, and Natchez Marine and Towing Inc. the premier fleet and yard operator in the Vidalia La., and Natchez, Miss. areas. According to Terral, the acquisition includes a total of four towboats, a dry dock and rock yard. In addition, Terral has acquired all of Vidalia Dock and Storage’s fleeting locations on the Mississippi River located…

Indonesia said on Friday it was worried about an arms race in the region after neighboring Australia announced plans to acquire nuclear-powered submarines as part of a new Indo-Pacific security alliance with the United States and Britain.Known as AUKUS, the alliance will see Australia get the technology to deploy nuclear-powered submarines as part of agreement intended to respond to growing Chinese power.In a statement on Friday, the Indonesian foreign ministry noted with caution…

Hyundai Heavy Industries' shares closed 86% above their initial public offering (IPO) price on their trading debut in South Korea on Friday.The shipbuilder, one of the largest in the world, raised $935 million from its IPO, with much of the proceeds set to fund investments in new technology.A total of 1,633 domestic and foreign institutional investors placed bids to acquire shares earlier this month, valuing total bids at 1,130 trillion won ($962.3 billion), according to Hyundai Heavy.The institutional book for the IPO had been 1,836 times covered - the second-largest for an IPO in South Korea

Finland-based marine equipment and technology firm Wärtsilä has sold Wärtsilä Tank Control Systems business to Svanehøj, a Danish gas pump specialist involved in the design and manufacture of specialized deep well pump solutions within the areas of gas pumps, fuel pumps, products and chemicals, and offshore products.Wärtsilä Tank Control Systems designs, builds, sells, and services measurement systems for gas tanks on LNG ships, offshore storage, and land-based LNG terminals.

Indonesian navy has increased patrols around its Natuna islands in the South China Sea after Chinese and U.S. vessels were detected nearby in international waters, despite saying there were no disturbance from the vessels, a navy official said on Thursday.Five navy vessels, assisted by an air patrol, have been deployed in North Natuna Sea to secure the area, Indonesian Navy western fleet commander Arsyad Abdullah told reporters.“The Navy’s position on the North Natuna Sea is very…

Brazilian logistics company Log-In Logistica Intermodal said late on Wednesday it had received a takeover offer from Swiss-based shipping group MSC, which intends to acquire a controlling stake of up to 67% in the company.According to a securities filing, Log-In received a letter from MSC's subsidiary SAS Shipping Agencies Service in which the Swiss company stated its intention to offer 25 reais ($4.79) per share of the Brazilian firm.The bid represents a premium of 67.2% over…