Legal News - page 40


Port of Oakland Concerned with China Trade War

Jun 21, 2019

Port of Oakland Executive Director Chris Lytle is sounding an alarm over the trade war with China.  The veteran maritime leader this week warned that tariffs imposed by both sides threaten the U.S. economy.  He added that trade barriers could dry up his customers’ access to a major export market…

Trump Warns Tehran of Possible Attack, Calls for Talks

Jun 21, 2019

Iranian officials told Reuters on Friday that Tehran had received a message from U.S. President Donald Trump warning that a U.S. attack on Iran was imminent but saying he was against war and wanted talks on a range of issues.News of the message…

NYK’s New President Emphasizes CSR

Jun 21, 2019

Hitoshi Nagasawa, the new president of Japanese shipping giant Nippon Yusen (NYK), made his inaugural speech to the NYK Group staff members at the company’s head office in Tokyo.He began his speech quoting the famous Japanese entrepreneur Konosuke Matsushita…

Captain in Fatal Budapest Boat Crash Was Sober at the Time

Jun 18, 2019

Hungarian police said on Tuesday they had found no evidence of alcohol or drug abuse by the captain of a cruise ship that struck and sank a small tourist vessel last month, killing 28 mostly Korean people on board.The Mermaid boat sank in seconds…

Hapag-Lloyd Pays Off Bond

Jun 14, 2019

German container shipping major Hapag-Lloyd AG has decided to fully redeem the outstanding EUR 280 million in aggregate principal amount of its outstanding 6.75 percent senior note due 2022 on 24 June 2019 at a fixed redemption price of 103…

Shareholders OK HHI Split-up Plan

May 31, 2019

Shareholders of Hyundai Heavy Industries (HHI) have approved the South Korean shipbuilder's split-up plan amid fierce opposition from its labor union.According to local media reports, Hyundai Heavy Industries, , South Korea's largest shipbuilder…

Japan Oil Industry Braces for Higher Middle East P&I Costs

May 31, 2019

The costs of buying crude oil from the Middle East could rise as war insurance for ships travelling in the region will be expanded to include vessels travelling off the United Arab Emirates and Oman, the head of Japan Petroleum Association said on Friday…

First ANS Cargo in One Year on Way to China

May 30, 2019

One million barrels of Alaskan crude is due in China next week, the first such shipment in almost a year, according to data from Refinitiv Eikon and vessel-tracking firm Kpler.China's imports of U.S. crude have fallen amid the two countries' trade dispute to 41…

Labor Spat at Vancouver Ends as Deal Reached

May 30, 2019

Longshore workers at Canada's biggest port, the Port of Vancouver, were locked out on Thursday in a labor dispute over technology changes, temporarily grinding most shipping there to a halt. The lockout ended in a deal on Thursday with their employer after a few hours…

ICS Launches Definitive Guidelines on MLC Convention

May 30, 2019

Responding to changing regulations the International Chamber of Shipping (ICS) has launched of the third edition of its essential Guidelines on the Application of the ILO Maritime Labor Convention, the only fully up to date guide to the Maritime…

South African Court Halts Port Strike

May 29, 2019

The South African Transport and Allied Workers Union (Satawu) said on Wednesday a court interdiction secured by the national ports authority has stopped planned strike action at ports from Thursday.'Transnet National Ports Authority has interdicted…

US warns Hong Kong about Iranian Oil Tanker

May 28, 2019

The United States has warned Hong Kong to be on alert for a vessel carrying Iranian petroleum that may seek to stop in the Asia financial hub, and said that any entity providing services to the vessel will be violating U.S. sanctions.The news comes two weeks after U…

Mariners Set to Strike at South African Ports

May 28, 2019

South Africa's transport workers union Satawu threatened a 'total shutdown' at major ports across the country from Thursday after issuing a 48-hour strike notice for mariners over a payment dispute, the union said on Tuesday.The South African…

U.S. Deploys Troops to Middle East, Blames Iran for Tanker Attacks

May 24, 2019

The United States on Friday announced the deployment of 1,500 troops to the Middle East, describing it as an effort to bolster defenses against Iran as it accused the country's Revolutionary Guards of direct responsibility for this month's tanker attacks…

CG Seeks Participants for Straits of Mackinac PAWSA Workshop

May 24, 2019

The U.S. Coast Guard is soliciting for members of the public to participate in a Ports and Waterways Safety Assessment (PAWSA) workshop for the Straits of Mackinac that will take place in St. Ignace, Michigan, July 24 and 25.A longstanding and proven Coast Guard process for formal public study…

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