International Transport Intermediaries Club (ITIC) recently settled a dispute between a shipowner and its Turkish agent for losses arising from the refusal of Turkish port authorities to allow a vessel to berth because of its connection to Cyprus…
SUNY Maritime College’s Training Ship Empire State VI will soon sail to Puerto Rico to aid in the recovery efforts and to deliver basic necessities to the island’s residents.The U.S. Department of Transportation’s Maritime Administration (MARAD)…
Hapag-Lloyd AG will now carry out the capital increase that was agreed upon as part of the merger of Hapag-Lloyd and UASC. The gross proceeds are expected to amount to approx. EUR 352 million (approx. USD 414 million). The official merger of the two companies occurred on 24 May 2017…
The British Ports Association has called for a new debate on a free ports policy following a report from trade specialists Crowe Clark Whitehill LLP. Commenting on the ‘Free Trade Zones: Part of the UK’s post Brexit international trade strategy’ report…
Congressman Duncan Hunter (R-CA) and John Garamendi (D-CA), Chairman and Ranking Member respectively of the Subcommittee on the Coast Guard and Maritime Transportation, raised concerns today over the Trump Administration’s decision to issue…
President Trump has waived shipping restrictions for Puerto Rico on Thursday at request of the island's governor Ricardo Rosselló and after an outcry from Congress about the scarcity of fuel, food and emergency supplies following Hurricane Maria…
The primary contractor for China's naval force China State Shipbuilding Corp (CSSC) is preparing a major asset reorganization involving its two subsidiaries, reported China Daily. The companies have halted stock trading on the Shanghai…
Turkey-based Palmali, one of the biggest shippers in the Caspian region, said on Monday it had lodged a claim worth almost $2 billion against Litasco, the trading arm of Russian oil producer Lukoil, with the English High Court.'The claim concerns an alleged failure by Litasco S…
A Panama flagged bulk carrier, DL Carnation, has been banned from entering Australian ports for a period of 12 months after authorities uncovered a scheme which saw the vessel’s crew being intentionally underpaid. The Australian Maritime…
China National Petroleum Corporation (CNPC) and Italy’s Eni signed a cooperation agreement that includes assessing opportunities in the gas and LNG value chain. 'CNPC and Eni signed cooperation agreement today in order to cooperate in oil & gas exploration and production…
What is the legal basis for removing a hazardous wreck at sea? Who bears the liability? These and many other wreck removal questions were addressed by IMO’s Jan de Boer at the ACI’s Maritime Salvage & Casualty Response conference in London (13-14 September)…
Remarks from Federal Maritime Commissioner William P. Doyle at the FTR Transportation Conference 2017, Indianapolis, Ind. On September 13, 2017, I voted to expedite the Commission’s decision and support THE Alliance’s amendment authorizing…
Seadrill Limited, one of the world’s largest offshore drilling companies, has filed for Chapter 11 bankruptcy protection at the Southern District Texas court, Reuters reported. The indebted oil rig firm controlled by Norwegian billionaire…
Alok Sharma, Head of Global Sales at Glencore’s Inatech, provides an in-depth look at what’s coming next for one of the maritime industry’s most interesting and important sectors. When it comes to bunkers, the OW crisis is still fresh in everyone’s mind…
Euroseas announced that it signed a memorandum of agreement to purchase the M/V EM Athens and EM Oinousses, both feeder size containership vessels of 2,506 teu built in 2000. The Company also announced that it acquired the option to purchase from Euromar two additional container vessels…
