Legal News - page 248


Impact of Upcoming Regulations on Wreck Removal

Sep 17, 2014

The Nairobi International Convention on wreck removal was ratified by India recently and will be enforceable from April next year. This will place financial responsibility for the removal of certain hazardous wrecks on shipowners.Acknowledging this change…

Bangladeshi Albedo Survivors Helped by their Govt.

Sep 17, 2014

Yesterday, 16th September 2014, Chirag Bahri, MPHRP's Regional Director for South Asia, attended a ceremonial event organised by the Ministry of Shipping, Bangladesh to facilitate financial help to the 7 Bangladeshi crew members of MV Albedo…

ICS Counsels Wisdom on Ballast Water Convention

Sep 17, 2014

The International Chamber of Shipping (ICS) has reiterated its call for governments to address the serious implementation issues concerning the IMO Ballast Water Management (BWM) Convention before it is too late. Speaking at a Ballast Water Management Summit in Singapore…

Ship Safety: IMO Committee Agree Draft IGF Code

Sep 16, 2014

IMO informs that the draft International Code of Safety for Ships using Gases or other Low flashpoint Fuels (IGF Code), along with proposed amendments to make the Code mandatory under SOLAS, have been agreed by the inaugural session of the Sub-Committee on Carriage of Cargoes and Containers (CCC 1)…

Deal to End Lockout at Canada Uranium Mine

Sep 14, 2014

Canadian uranium producer Cameco Corp and the United Steelworkers union, which represents 535 workers at the world's largest uranium mine and a nearby mill, have agreed to a tentative deal ending a nearly two-week lockout, both sides said on Friday…

Oil Refiner Bound to Goldman, Deutsche Fee Agreements - NY Judge

Sep 14, 2014

CVR Energy Inc is bound by agreements to pay Goldman Sachs Group Inc and Deutsche Bank AG more than $36 million in fees and expenses stemming from billionaire investor Carl Icahn's 2012 tender offer for the oil refiner, a New York state judge has ruled…

Scotland 'Yes' Vote Would Trigger Dispute Over Old Oil Rigs

Sep 12, 2014

Scotland will ask Britain to help finance the cost of removing old North Sea rigs and pipelines even if it votes for independence and gains most of the oil revenues, a move that bankers and lawyers say may result in years of legal battles.An…

Belgium Leads the Way With Maritime Single Window

Sep 08, 2014

The EU directive on reporting formalities for seagoing ships is being successfully implemented in the Belgian ports.As of June 2015 all reporting between ships and authorities throughout the EU must be done electronically in a harmonised way…

Transocean Steers Clear of BP Punitive Damages

Sep 04, 2014

Transocean Ltd. informs it has received a decision by the United States District Court for the Eastern District of Louisiana on phase one of litigation related to the April 20, 2010 Macondo well incident involving the Deepwater Horizon.  Key…

Timeline: BP Oil Spill Litigation

Sep 04, 2014

BP Plc was found 'grossly negligent' on Thursday by a federal judge in connection with its role in the 2010 Gulf of Mexico oil spill. The decision by U.S. District Judge Carl Barbier in New Orleans, who oversees litigation related to the disaster…

BP 'Grossly Negligent' in 2010 US Spill, Fines Could Be $18b

Sep 04, 2014

A U.S. judge has decided that BP Plc was 'grossly negligent' and 'reckless' in the Gulf of Mexico oil spill four years ago, a ruling that could add nearly $18 billion in fines to more than $42 billion in charges the company took for the worst offshore environmental disaster in U…

BP Says US Court Yet to Determine Penalty

Sep 04, 2014

Oil major BP said on Thursday it will appeal a U.S. court decision that found it grossly negligent with respect to the Gulf of Mexico 2010 oil spill and added the court will hold additional proceedings due to begin next January.BP said it…

French Ferry Firm Loses State Aid Appeal

Sep 04, 2014

Cash-strapped ferry operator SNCM looks set to seek legal protection from its creditors after Europe's highest court ruled on Thursday it must pay back 220 million euros ($289 million) of French state aid.SNCM, owned 66 percent by transport group Transdev…

OSV Master Fined Following Wind Turbine Allision

Sep 04, 2014

The master of a wind farm support boat has been made to pay £3,000 in fines and costs after breaching maritime collision regulations, informs the UK Maritime and Coastguard Agency (MCA).Geoffrey Whinfrey was in charge of the Island Panther…

Halliburton to Settle US Gulf Spill Claims for $1.1b

Sep 02, 2014

Halliburton Co said it reached a $1.1 billion settlement for a majority of claims against the company for its role in the BP oil spill in the Gulf of Mexico in 2010.The settlement, which includes legal fees, is subject to approval by the U…

Current News

Joint Statement on Red Sea Attacks From ICS, BIMCO, European Shipowners, INTERCARGO, INTERTANKO

Xeneta Ocean Container Shipping Market Update

Coal Shipments Plummet 6%, China's the Driver

CV International, Capes Shipping Agencies Announce New CFO

Subscribe for Maritime Logistics Professional E‑News