Shipowner liability is on the horizon as the Nairobi International Convention on the Removal Wrecks will enter into force on 14 April 2015 following the deposit, on 14 April 2014, of an instrument of ratification by Denmark, with the International Maritime Organization (IMO)…
A survey of London solicitors by specialist intermediaries insurer ITIC has highlighted the high cost of litigation for shipbrokers and others seeking judgment in the English courts, reports trade association Maritime London.Indemnity insurers…
Greece-based chemical transportation company Stalwart Tankers Inc has postponed its U.S. IPO plans due to 'market conditions,' an underwriter told Reuters. The company filed with U.S. regulators in February to raise up to $100 million in an IPO of its common stock…
The United States should strengthen a century-old law designed to protect the domestic shipping industry, rather than relax it under pressure from the energy industry, the chair of the Senate Energy Committee said on Tuesday. The 1920 Jones Act restricts the delivery of goods between U…
Former Marine Hose Executive Extradited from Germany to Face Charges of Participating in Worldwide Bid-Rigging Conspiracy.Romano Pisciotti, an Italian national, was extradited from Germany on a charge of participating in a conspiracy to suppress and eliminate competition by rigging bids…
As part of the European Union’s drive to streamline and standardize the reporting formalities for ships arriving in and/or departing from ports of the Member States, it has introduced wide-ranging legislation. EU Directive 2010/65/EU, commonly known as the Reporting Formalities Directive…
The United States has extradited a former executive of an Italian marine hose manufacturer to face price-fixing charges in what the Justice Department said was its first extradition on antitrust charges.Romano Pisciotti, a former executive with Italy's Parker ITR SRL…
U.S. EPA has served subpoenas in connection with the investigation into potential violations of MARPOL Annex and the Act to Prevent Pollution from Ships (APPS) following the coming into force of the North American Emissions Control Area (ECA) on 1…
A survey of London solicitors by ITIC has highlighted the high cost of litigation for shipbrokers and others seeking judgment in the English courts.ITIC gave a panel of London solicitors – all of whom had previously been instructed on…
Commissioner William P. Doyle of the U.S. Federal Maritime Commission has voted in favor of the amended G6 Alliance Agreement. Commissioner Doyle highlighted the U.S.-Flag international trade, U.S. mariner jobs and environmental benefits. He…
Maritime New Zealand (MNZ) announced the official introduction of SeaCert – the new domestic certification framework for New Zealand seafarers. SeaCert sets out where seafarers can operate in local and international waters, and replaces the old Qualifications and Operational Limits (QOL) system…
The ICC reported that shipowners are facing new dangers from criminal gangs making spurious oil fraud claims. The “victims”/fraudsters try to extort money from owners by bringing action against them for failing to deliver cargoes of oil they allegedly own…
The operator of a coaster ship which grounded in an environmentally sensitive area off the Northumberland coast has been ordered to pay nearly £73,000 in fines and costs after its crew failed to keep a proper lookout. On the evening of March 15…
The Coast Guard informs that their representatives together with those from the Environmental Protection Agency were back on scene Wednesday to oversee cleanup operations after a crude oil discharge Monday evening at the BP Whiting Refinery in Whiting…
If the Federal Maritime Commission remains somewhat of an enigma to domestic maritime stakeholders, perhaps that’s because its scope of oversight reaches many sectors of maritime business; some more obscure than others. In February, we caught up with FMC commissioner William P…
