Reuters – Chilean shipping firm Compania Sudamericana de Vapores has agreed to plead guilty to a price-fixing conspiracy and pay an $8.9 million criminal fine to the U.S. government, the U.S. Justice Department informs.The Justice Department's…
A U.S. federal judge on Wednesday denied BP Plc's request to halt payments from the $2.3 billion fund it created to compensate commercial fishermen for financial losses after the British company's 2010 offshore oil spill, according to court records…
Schettino's first visit aboard since 2012 shipwreck; Former captain accompanying investigators as defendant as new probe into unauthorized visit by Costa officials unfolds.The captain of the Costa Concordia, Francesco Schettino, went back…
The International Organization of Masters, Mates & Pilots (MM&P), says 35 U.S. anti-piracy ship crew members are being treated unfairly, following the arrrest of their ship, 'Seaman Guard Ohio', describing it as 'an outrage' that they are being subjected to inhumane conditions in an Indian prison…
NJDOT wants Jones Act Waiver. U.S. Senators Robert Menendez (D-NJ) and Cory Booker (D-NJ) have jointly sent a letter to both U.S. Department of Homeland Security (DHS) Secretary Jeh Johnson and U.S. Department of Transportation Secretary…
According to multiple published reports including Reuters, two U.S. security workers were found dead on the Maersk Alabama, a ship made famous by the Hollywood movie 'Captain Phillips' in 2013.The two men apparently were found dead in a…
What it may foretell about the coming towing vessel rule.In the May 2013 issue of Maritime Reporter & Engineering News, Dennis Bryant published a provocative article titled Rebuilding the Presumption of Preemption. Pointing to recent examples…
The UK P&I Club says that with the support of several Members, it has launched 'Book it right and pack it tight' - a set of four guidebooks on the workings of the International Maritime Dangerous Goods (IMDG) Code.The books are designed to provide busy operational people…
The Federal Maritime Commission announced a compromise agreement reached with Mitsui O.S.K. Lines Ltd. (MOL) and its corporate affiliate, Nissan Motor Car Carrier Co. (NMCC). Mitsui O.S.K. Lines Ltd., is a vessel-operating common carrier based in Japan…
Ince & Co. partner Jonathan Elvey, who was head of the law firm's Piraeus office, has returned to the London office after spending 17 years advising clients at the heart of the Greek shipping market as head of the Piraeus office.Partner Nick Shepherd…
Shipowners, Salvors and Insurers – through their respective trade associations – have jointly called for the prompt and proper implementation of international measures to provide a Place of Refuge for stricken vessels, following a series of…
Aker Philadelphia Shipyard, Inc. (APSI), the wholly-owned U.S. subsidiary of Aker Philadelphia Shipyard ASA (AKPS) has released an update regarding an incident that occurred yesterday at its facility. According to Aker, numerous factually incorrect news reports have emerged…
A fire-damaged tankship, 'Maritime Maisie' loaded with hazardous chemicals has become a maritime football in the north Pacific, with Japan and South Korea unwilling to give it refuge even though they risk a wider environmental disaster if it sinks…
China’s Ministry of Finance and State Administration of Taxation released Circular 106 last December, expanding its value-added tax (VAT) pilot program to additional industries. The circular also made significant updates to the VAT treatment…
Acquisition Update: U.S. Coast Guard Awards Three Contracts for Offshore Patrol Cutter Preliminary and Contract Design.In a process that has come a long way since the early days of the Coast Guard's so-called 'Deepwater' recapitalization efforts…
