Aker Solutions has ended the process to acquire the Dubai-headquartered oil services company NPS Energy.Aker Solutions announced an agreement to buy the shares in NPS Energy on 21 May 2012. The agreement was conditional upon a series of…
Transocean Ltd. (NYSE: RIG) (SIX: RIGN) has announced that, effective immediately, Allen M. Katz, has joined the company and will serve as Interim Senior Vice President and General Counsel through June 30, 2013. Subject to mutual agreement…
Due to continuous delays in the construction and delivery of two Kamsarmax bulkers, Ultrabulk cancels.The bulkships were originally to be built at Zhoushan Jinhaiwan Shipyard Co. Ltd., China, but the yard failed to finish the construction within agreed contractual delivery terms…
The National Oceanic & Atmospheric Administration (NOAA) are increasing their vigilance to protect the seasonal whale calving grounds.Despite NOAA advertising the speed restrictions it seems vessels are continuing to flout the speed limitation…
The International Shipping Federation (ISF) concerned at low implementation levels of ILO Convention 185.Speaking in Manila, at a seminar organised by the International Federation of Shipmasters' Associations (IFSMA), ISF Director of Employment Affairs…
Maritime Administration Reporting Requirements For The Special Purpose Jones Act Waiver. Hurricane Sandy Special-Purpose Jones Act Waiver Reports to Maritime Administration as Required by Waiver On November 2, 2012, the Department of Homeland Security…
BP announces resolution of all criminal and securities claims against the company relating to Deepwater Horizon accident.BP has reached agreement with the United States government, subject to court approval, to resolve all federal criminal…
BP Exploration and Production Inc. Agrees to Plead Guilty to Felony Manslaughter, Environmental Crimes and Obstruction of Congress Surrounding Deepwater Horizon Incident; BP Agrees to Pay a Record $4 Billion in Criminal Fines and Penalties Two…
The International Shipping Federation (ISF), which represents maritime employers globally, says that the low level of implementation of the International Labour Organization (ILO) Convention 185, concerning the facilitation of shore leave and crew transits…
Corporate Attorney Kritzman Joins Firm as Shareholder. Fowler White Burnett, P.A. said that Mr. Robert Kritzman has joined the firm as a Shareholder at the Fowler White Burnett downtown Miami office working in their general practice group…
Overseas Shipholding Group, Inc. starts Chapter 11 process to reduce debt & other financial obligations to create more solid financial foundation.The Chapter 11 petition for itself and certain operating subsidiaries was filed in the U.S…
The IMO Council, meeting for its 109th session in London has endorsed, in principle, a restructuring of IMO's Sub-Committees.The Council meeting was the first “PaperSmart” meeting for the Organization, and was considered a success by delegates…
While Charlie Brown of ‘Peanuts’ comic strip fame lamented receiving rocks in lieu of Halloween candy, political rivals Japan and China are celebrating ‘rocks’, in fact naming them and filing claims to them in and around the East China Sea in…
Drewry & the World Container Index arrange an educational webinar on 5th December 2012 to explain how Index-Linked Container Contracts work .The webinar will examine the causes of recent container freight rate volatility and how index-linked…
BMT Nigel Gee collaborates with Cayman Island Shipping Registry to share industry knowledge and insight.BMT Nigel Gee, a subsidiary of BMT Group, is set to launch its latest technical paper in collaboration with the Cayman Island Shipping Registry (CISR)…