Regulatory - page 5

 

EU Clears OLT Takeover by SNAM and FSI

Feb 18, 2020

The European Commission has approved the acquisition of OLT Offshore LNG Toscana by SNAM and the UK’s First State Investments International (FSI), under the EU merger regulation.According to the Commission, OLT is active in the management of…

Coro Energy Awaits Approval on Duyung

Feb 10, 2020

Southeast Asian focused upstream company Coro Energy Plc said that Duyung PSC partners have agreed to a six-month extension for receipt of the necessary Indonesian approvals for the transfer of a 15 percent interest in the Duyung PSC offshore IndonesiaIn February 2019…

US Trade Deficit Narrows for First Time in Six Years

Feb 06, 2020

The U.S. trade deficit fell for the first time in six years in 2019 as the White House’s trade war with China curbed the import bill, keeping the economy on a moderate growth path despite a slowdown in consumer spending and weak business investment…

Fueltrax Earns Certification by Verifavia

Jan 28, 2020

Verifavia Shipping, the independent accredited environmental verification and auditing body for maritime industry, has certified Fueltrax, against the European Union’s (EU) Monitoring Reporting and Verification (MRV) regulation requirements and IMO Data Collection System (DCS)…

US Raises Tariffs on Derivative Steel, Aluminum from Some Countries

Jan 27, 2020

U.S. President Donald Trump on Friday signed a proclamation increasing tariffs on derivative steel products by an additional 25 percent and boosting duties on derivative aluminum products by an additional 10 percent.Trump said Argentina, Australia…

India Okays Model Pact on Seafarers

Jan 22, 2020

Indian Government approved a model pact with foreign countries that would also allow unilateral recognition of seafarers' competency certificates, thus easing the process for them to seek employment on ships under the flag of that country.The…

Trump to Discuss Traded Deal with EU's Von der Leyen

Jan 21, 2020

U.S. President Donald Trump said on Tuesday that he was going to discuss a trade deal with the European Union (EU) in a meeting with European Commission President Ursula von der Leyen.Speaking ahead of a meeting with von der Leyen on the sidelines…

IMO's 2050 Decarbonization Target Has $1 Trillion Pricetag

Jan 20, 2020

At least $1 trillion of investment in new fuel technology is needed to enable the shipping industry to meet U.N. targets for cuts in carbon emissions by 2050, a study published on Monday showed.The global shipping fleet, which accounts for 2…

Maersk Chief Warns EU Antitrust Policy Benefits China, US

Jan 15, 2020

Strict EU enforcement of competition rules prevents the development of the global champions necessary to compete with Chinese and U.S. companies, the head of shipping company Maersk warned in an interview.'Is it really a good idea that we don't allow the creation of a European global champion…

Hawaii Congressman Introduces Anti Jones Act Legislation

Dec 23, 2019

Hawaii Congressman Ed Case has introduced three bills in Congress to reform Merchant Marine Act of 1920 (commonly referred to as the Jones Act), which he states “artificially inflates the cost of shipping goods to Hawaii”.Case’s three measures…

New OTI Rules Now in Effect

Dec 20, 2019

Non-vessel-operating common carriers (NVOCC) will now need their required bond, insurance or other form of surety and their Form FMC-1 (published tariff location) on file before the US Federal Maritime Commission (FMC) will issue their NVOCC license…

Singapore Raises Concern over HHI-DSME Deal

Dec 02, 2019

The Competition and Consumer Commission of Singapore (CCCS) has expressed concern about the agreement of fusion notified from the South Korean shipbuilding groups Hyundai Heavy Industries (HHI) and Daewoo Shipbuilding & Marine Engineering Co…

SHI to Pay $75m in Fine: US Justice Dept

Nov 24, 2019

South Korean shipbuilder Samsung Heavy Industries Co. (SHI) has agreed to pay $75 million in penalties to avoid prosecution in the United States over its scheme to pay millions of dollars in bribes to Brazilian officials to win a contract.“Samsung…

Hyundai Seeks EU's Ok to Acquire Daewoo

Nov 13, 2019

South Korea’s leading shipbuilding conglomerate Hyundai Heavy Industries (HHI) Group has submitted an application to the European Union for approval for its takeover of the compatriot shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME)…

Hamburg Süd Announces EFF

Nov 03, 2019

German container shipping company Hamburg Südamerikanische Dampfschifffahrts-Gesellschaft A/S & Co KG (Hamburg Süd) will introduce an Environmental Fuel Fee (EFF) effective 1 December 2019.According to a press release from the German carrier…

Logistics News

BSG Acquires Maritime Software Company

BSG Acquires Maritime Software Company

US' MARAD Announces Grants to Boost Supply Chain Efficiency

US' MARAD Announces Grants to Boost Supply Chain Efficiency

PortLiner to Construct Electrolyte Bunkering Station in Hartelkanaal

PortLiner to Construct Electrolyte Bunkering Station in Hartelkanaal

Rotterdam and Singapore Ports Team Up to Slash Emissions

Rotterdam and Singapore Ports Team Up to Slash Emissions

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