Legal News - page 134


IMO Confirms No-Go Yet for BWM Convention

Jan 18, 2016

Criteria for entry into force of BWM Convention not yet reached – further ratifications needed. Insufficient tonnage to trigger entry into force despite recent ratifications, says International Maritime Organization (IMO). Following the…

TUI Cruises Launches Mein Schiff 5

Jan 17, 2016

Six months to the day ahead of the naming ceremony, Mein Schiff 5 was launched today at the Meyer Turku Oy shipyard. Following a construction period of 14 months, Ferdinand Strohmeier, Vice-President Operations TUI Cruises, was on hand for the so-called “floating” celebrations…

Johnson Elected Group President, Caterpillar

Jan 17, 2016

Caterpillar Inc. announced today that the company’s Board of Directors has elected Denise Johnson, currently vice president with responsibility for the Material Handling & Underground Division, as group president of Resources Industries.…

BWM Convention - Further Ratifications Needed

Jan 17, 2016

Following the spate of ratifications in November 2015 of the Ballast Water Management (BWM) Convention, IMO and partner IHS Maritime & Trade have been engaged in a process to verify tonnage figures to ascertain whether or not the convention’s final entry-into-force requirement has been met…

Medeiros Elected Member of UNCLOS Tribunal

Jan 16, 2016

Mr Antonio Cachapuz de Medeiros was elected today at a Special Meeting of States Parties to the United Nations Convention on the Law of the Sea in New York.The meeting was held to fill the vacancy created by the resignation of Judge Vicente Marotta Range (Brazil) on 18 May 2015…

Ice Restrictions Enforced in Sweden

Jan 16, 2016

The Swedish Maritime Organisation has advised the following ice restrictions in force with effect from 18 January 2016:Karlsborg – LuleåMinimum ice class IB and 2000 dwtHaraholmen – Örnsköldsvik och ÅngermanälvenMinimum ice class IC and 2000 dwtMälaren…

Port Dues Concession for Box Ships at Singapore

Jan 16, 2016

In light of the current shipping downturn and to demonstrate the government’s commitment to maintain Singapore as a global hub port, MPA will grant an additional 10% concession on port dues payable by ocean going container vessels carrying out cargo works with port stay of not more than 5 days…

Restructuring at Royal HaskoningDHV

Jan 15, 2016

International engineering and project management consultancy Royal HaskoningDHV has announced a simplified organisation and management structure. As of 1 January 2016 the company has consolidated its activities into four Business Lines and four regions…

New cargoes added to the IMSBC Code

Jan 15, 2016

In June 2015 the IMO’s Maritime Safety Committee adopted Resolution MSC.393(95) and amendments to the International Maritime Solid Bulk Cargoes (IMSBC) Code.  Administrations may choose to apply the amendments on a voluntary basis from 1 January 2016…

Hong Kong Establishes New Maritime Body

Jan 15, 2016

Hong Kong is to establish a new government body - Hong Kong Port and Maritime Board - this year that oversees the local maritime sector, in a bid to enhance the city’s shipping sector. Hong Kong's chief executive Leung Chun-ying in his…

Opportunity to Promote a Broad-Based Energy Policy in SOTU Missed

Jan 13, 2016

NOIA President Randall Luthi issued the following statement following President Obama’s 2016 State of the Union Address: 'The President missed a golden opportunity to promote a broad-based energy policy consisting of both traditional and non-traditional sources of energy…

GAC Dubai Wins Group HSSE Award

Jan 13, 2016

GAC Dubai’s introduction of a suite of practical innovations to improve safety in working conditions and reduce the company’s carbon footprint has won it the Group Chairman’s Award for HSSE (Health, Safety, Security and Environment) Excellence for 2015…

Chinese to Acquire Greek Port as Gateway to Europe

Jan 13, 2016

China's state-owned shipper China Ocean Shipping (Group), also known as Cosco Group and owned by China COSCO Holdings,  is on track to acquire Greece's largest container port, gaining a key foothold to expand China's economic and military presence in Europe and Africa under the 'One Belt…

China Merchants to Take 21.05% Stake in Dalian Port

Jan 13, 2016

China Merchants Holdings (International) Company Limited, has announced that it has signed a share subscription agreement with Dalian Port (PDA) Co., under which Dalian Port will issue 1.1bn new shares to China Merchants for HK$4.3bn ($554m)…

BP to Slash Payroll as Downturn Weighs

Jan 12, 2016

BP plans to cut 4,000 jobs in upstream operations, 600 in North Sea.British oil and gas company BP announced plans on Tuesday to slash 5 percent of its global workforce in the face of a continued slump in oil prices.It said it aims to reduce its global oil production…

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