Finance Ministry Arun Jaitley in Union Budget for financial 2016-17 (Apr-Mar) has announced imposition of 14% service tax on services provided by domestic shipping companies transporting goods from outside India. “The service tax on services…
The Philippines said on Saturday it had seized a North Korean freighter that was covered by harsher United Nations' sanctions against Pyongyang over its nuclear programme.Manila will also deport the vessel's 21 North Korean crew and will await a U…
The U.S. Senate has unanimously passed bipartisan legislation to reauthorize the Pipeline and Hazardous Materials Safety Administration (PHMSA) through 2019, in addition to improving safety and oversight. The bill increases standards for pipeline workers operating near or in the Great Lakes…
Malaysia’s Bumi Armada Bhd intends to fully enforce its rights, including initiating legal proceedings against Woodside Energy Julimar Pty Ltd for purportedly terminating its charter contract of the Armada Claire Floating Production Storage and Offloading (FPSO) unit…
The Australian Federal Police (AFP) will investigate the leak of classified documents about the timeframe for building Australia's new fleet of submarines. The Prime Minister Malcolm Turnbull ordered the investigation. A report in The…
The chief executive of Frontline, one of the world's largest independent tanker firms, said it is likely to take another two or three months until insurance for cargoes carrying oil from Iran is secured, according to a report in Tasnim. 'We have not lifted anything yet…
Global Consolidators Working Group(GCWG) has urged the International Maritime Organization (IMO), an arm of the United Nations that regulates shipping safety, to provide more detail about the much-debated container verification rules, set to be introduced by July 1…
The firm welcomes Stephen H. Vengrow and Eric Chang in New York Montgomery McCracken has added two attorneys to the Maritime and Transportation practice group in the firm's New York office. Stephen H. Vengrow joins the firm as a partner and Eric Chang joins as an associate…
As widely reported in the maritime press, the United Kingdom's Supreme Court has granted an expedited hearing to Product Shipping & Trading's case against the collapsed OW Bunker (the Res Cogitans). The hearing will take place on 22 March…
Steady growth recorded by Maritime Cook Islands for 2015; Flag continues to thrive with more owners placing their faith in the registryMaritime Cook Islands (“MCI”), the leading ship registry, registered an 11% growth in the fleet last year with 201 new vessels…
The Chennai Port Trust has signed a fresh memorandum of understanding with the Port of Zeebrugge (Belgium), reports the Hindu. 'Belgium is working towards getting an agreement between the ports of Zeebrugge in Belgium and the port of Chennai…
The Islamic Republic of Iran and Switzerland signed on Sunday a memorandum of understanding (MoU) on expansion of shipping and sea transport cooperation, Irna reported. Iran’s Ministry of Roads and Urban Development in a statement said…
The European Union fears Mediterranean migrant smuggling gangs are reviving a route from Egypt, officials told Reuters, putting thousands of people to sea in recents months as they face problems in Libya and Turkey.'It's an increasing issue…
THE International Federation of Freight Forwarders' Associations (FIATA) has called for enhanced communication from container shipping lines ahead of the deadline by which new IMO regulations requiring verification of a freight container’s gross mass become mandatory…
The U.S. investigation into the deadly sinking of the El Faro cargo ship during a hurricane last fall shifted direction on Friday, as the Coast Guard wrapped up its initial public hearings on the accident that killed all 33 people onboard. The…