Legal News - page 314

 

CMA CGM Agreement

Sep 29, 2009

CMA CGM reached agreement on the establishment of a committee comprised of French, European and international banks including certain major financial institutions from Asia and the Republic of Korea. The committee will propose suitable measures…

Shipmanagers Should Review Liability Limitation

Sep 29, 2009

Ahead of an impending revision of the standard industry shipmanagement agreement, the International Transport Intermediaries Club (ITIC) has urged shipmanagers to limit their liability to a sum which reflects the growing proportionate gap between ship values and the level of shipmanagement fees…

SEC Closes Inquiry Involving ACL

Sep 29, 2009

American Commercial Lines Inc. (NASDAQ: ACLI) (ACL) announced that the U.S. Securities and Exchange Commission (SEC) has confirmed it will not take action against the company and has closed an inquiry related to an e-mail sent by the company's…

Weak Internal Financial Control at USMMA

Sep 10, 2009

The Government Accountability Office (GAO) issued a report of its examination of internal financial controls at the US Merchant Marine Academy (USMMA). The report states that internal control weaknesses resulted in improper sources and uses of funds…

Liberian Ocean Shipping Co. Admits Wrongdoing

Sep 04, 2009

A Liberian-incorporated shipping company pleaded guilty in federal court in Trenton, N.J., to failing to keep accurate oily water discharge records and using falsified records to conceal the discharge at sea of untreated bilge from one of its cargo ships…

ITIC Warns Shipmanagers on Lay-Up Liability

Aug 26, 2009

The International Transport Intermediaries Club (ITIC) has urged its shipmanager members to seek legal advice before entering into any contracts with owners relating to the laying-up of vessels. ITIC said there has been a recent sharp increase…

Georgios M Engineers Indicted

Aug 23, 2009

A federal grand jury in Houston has returned an indictment charging two crewmembers of the oil tanker Georgios M with making false statements, violating federal law designed to prevent pollution from ships and obstruction of justice, the Justice Department announced…

Electronic Navigation: Improved Training and Auditing Will Enhance Navigation Safety

Jul 02, 2009

Modern electronic navigation systems have the potential to improve vessel navigation safety and ruce accidents.  The potential of these new systems is unlikely to be realiz, however, if the officers keeping the navigation watch are not fully train and properly qualifi in their use…

Irving Shipyard Asks for High Court Ruling

Jun 24, 2009

According to a June 23 report from the Canadian Press, Irving Shipbuilding, the company that lost a multibillion-dollar submarine maintenance contract, is asking the Supreme Court of Canada to allow its legal challenge of the deal to proceed…

Logistics News

From Paper to Pixels: Embracing the Digital Logbook

From Paper to Pixels: Embracing the Digital Logbook

Floating Wind to Drive U.S West Coast Port Developments

Floating Wind to Drive U.S West Coast Port Developments

Venezuela's PDVSA Tightens Oil Prepayment Rules

Venezuela's PDVSA Tightens Oil Prepayment Rules

Finance: Investors Become Super-Bullish on Oil

Finance: Investors Become Super-Bullish on Oil

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