The Federal Maritime Commission (FMC) issued an order stating that, under the Shipping Act of 1984 and its implementing regulations, a licensed ocean transportation intermediary (OTI) may not use unlicensed and unbonded agents to provide non-vessel-operating common carrier (NVOCC) and ocean freight forwarder services to the public. The OTI had petitioned for a declaratory order allowing such an exception, citing the evolving business conditions. The majority of the Commission denied the petition, noting that it is not aware of any legislative history or case law that would indicate the Congress intended to distinguish between persons would act as OTIs (and must be licensed and bonded) and persons who provide OTI services (and could avoid the license and bonding requirements). One Commissioner dissented, arguing that, at the very least, the FMC should examine the issue in greater depth and seek public comment. Docket No. 06-08 (HK Law).
The Environmental Protection Agency (EPA) issued a notice stating that, effective June 1, refiners will begin producing low-sulfur diesel fuel for use in ships. Initially, the sulfur content may not exceed 500 parts per million (ppm). The eventual goal is a maximum sulfur content of 15 ppm. Source: HK Law
Slovenian shipping firm Intereuropa fell over four percent by midday trade on Wednesday amid fears that the government may not approve its proposed merger with port operator Luka Koper. At one point during the day, shares of Intereuropa were down 4.58 percent at 2,480 tolars ($13.03) on volume of 5,526 shares, although the company earlier in the morning reported a 24 percent in group nine-month net profit. Traders said there was no explanation for the drop other than the possibility that
The Tokyo MOU (Memorandum of Understanding) on Port State Control issued a Notice stating that, effective 1 January 2005, it is establishing a Detention Review Panel. The purpose of the Panel is to review, at the request of a flag state or recognized organization, specific port state control inspections undertaken by Tokyo MOU members. If the views of the Panel support the flag state or the recognized organization, the port state will be requested to reconsider its decision
Trico Marine Services, Inc. announced today the pricing of its previously announced private offering of $250.0 million aggregate principal amount of 8 7/8 % Senior Notes due 2012. The notes were priced at 99.196 to yield 9.0% Trico Marine expects to use the net proceeds of the offering of the senior notes due 2012 to purchase its existing 8 1/2% senior notes due 2005 pursuant to an outstanding offer to purchase such notes and to pay related fees and expenses.
Newport Beach to Ensenada boat race entrant 'Aegean' destroyed, 4 dead, may not have been seen by larger vessel Coast Guard investigators working to determine what caused the destruction of the 37-foot sailboat off the Mexican coast, consider that there's a possibility that no eyewitnesses remain. All four crew members of the Aegean were killed. And based on the level of destruction — small pieces of the boat were found spread over a wide area — it may be no one aboard the
Shipbrokers Simpson, Spence and Young's Pacific Capesize Index fell 53 points to 5,284. "Owners have been keen to get their vessels fixed well before the office Christmas party to keep them trading over the festive period, which has been gratefully grasped by charterers who got the discounts they desired," SS&Y said. "This may not be the case in January when the balanced positional market will have little encouragement for owners to discount asking prices
The U.S. Coast Guard has issued guidance to its personnel regarding vessel boarding safety when conducting boardings of large commercial vessels as part of the homeland security mission. The guidance cautions Coast Guard personnel about the need for safety briefings prior to any such boarding, the risks of explosive vapors, and the risks inherent in confined space entry. It notes that many Coast Guard personnel may not have received specific training concerning the risks related to this new
The U.S. Coast Guard has established security zones around passenger vessels and vessels carrying Certain Dangerous Cargo (CDC) while they are in the navigable waters of the Captain of the Port (COTP) Hampton Roads zone. When within 500 yards of such vessels, other vessels must operate at the minimum speed to navigate safely. Other vessels may not operate within 100 yards of such vessels. The rule comes into effect immediately. 69 Fed. Reg. 40768 (HK Law).
The North American Emission Control Area (ECA) under MARPOL Annex VI will become enforceable on 1 August 2012 On the operative day the sulfur content of the fuel oil used on board ships operating within the ECA may not exceed 1.00 percent m/m (10,000 ppm). Ships will be required to maintain and, if requested, make available to Port State Control authorities: • Bunker delivery notes (for vessels 400 gross tonnage and above)
On November 21, the International Maritime Organization, or IMO, finalized the Polar Code and adopted amendments to the International Convention for the Safety of Life at Sea, or the SOLAS, which will create mandatory safety requirements for ships operating in Arctic and Antarctic waters.
U.S. merchants face delays of as much as a week to ship cotton from major West Coast ports, threatening exports to China, the world's largest textile market, ahead of a key Chinese deadline at month's end for imports to arrive. Congestion has plagued West Coast ports for months
Rolls-Royce, together with VTT Technical Research Center of Finland, unveiled its latest vision of Ship Intelligence, a bridge concept which it said could become reality by 2025. Rolls-Royce has worked together with VTT’s researchers and Aalto University to develop the new bridge
A recently released study entitled INLAND NAVIGATION IN THE UNITED STATES evaluates the economic impacts and the potential effects of infrastructure investment on our economy. The comprehensive, 98-page document was prepared by the University of Kentucky and the University of Tennessee in November
The public is advised to use extreme caution and prepare for the onset of heavy weather expected to generate extreme sea conditions, storm surge and high surf throughout the Main Hawaiian Islands prior to the arrival of Troppical Storm Ana.
The Danish Maritime Authority informed that the Ballast Water Management Convention is now one step closer to ratification following last week’s meeting of United Nations’ International Maritime Organization (IMO). At last week’s meeting of the IMO Marine Environment
China is set to import more than 335,000 tonnes of naphtha and diesel, rare moves for the world's no. 2 oil consumer given it has been self-sufficient at meeting domestic oil product demand, industry sources said on Friday. Unipec, the trading arm of top Chinese oil firm Sinopec
Classification increases planning certainty for exhaust gas scrubber operators. The classification society DNV GL has certified the SAACKE exhaust gas scrubber based on soot separation using a dry process. This ensures that the innovative system
Start-stop function combined with variable generator speed For many years the start-stop function has become a common feature on automotive engines to reduce both fuel consumption and emissions. But the saving potential is much larger with onboard electrical power supply and propulsion
The marine environment is extremely harsh and delivering equipment capable of performing reliably and efficiently requires expert design engineers combined with advanced materials technology. Neil Wright, Managing Director of Wichita Clutch, assesses the requirements of modern marine clutches and
Talks that could lead to oilfield services provider Halliburton Co buying rival Baker Hughes Inc may herald increased deal-making in the energy business as companies bet on a protracted drop in oil prices, industry bankers said. Competing service companies including National Oilwell
Build number 116 from Havyard is called ‘Olympus’. It is the third in the series of Havyard’s 832 design, and, as mentioned, the eighth vessel to be delivered to Global Offshore Services. On Friday night, an Indian ceremony was held on board
The global trade association for shipowners – the International Chamber of Shipping (ICS) – is disappointed and concerned that the European Union is about to pre-empt negotiations taking place at the International Maritime Organization (IMO) on the collection of data on CO2
ICS Concerned that EU will Preempt IMO CO2 Negotiations. The global trade association for shipowners – the International Chamber of Shipping (ICS) – is disappointed and concerned that the European Union is about to pre-empt negotiations taking place at the International
The Liberian Maritime Authority has released the mandatory MLC Annual Report for 2013. This report confirms that Liberia’s approach to enforcement of the Maritime Labour Convention (MLC) 2006 has resulted in low deficiency rate for Liberian-flag ships, the group said.