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Shipping Firms Pay $1.9 Mln for Pollution Cover-up

Two shipping companies based in Egypt and Singapore will pay $1.9 million in penalties after pleading guilty in federal court to violating the Act to Prevent Pollution from Ships (APPS) and obstruction of justice for covering up the illegal dumping of oil-contaminated bilge water and garbage into the sea.

Noble Group Gets Debt Lifeline

Photo: Noble Group

 The striggling commodities giant Noble Group has secured a 120-day extension for its USD 400 million credit facility from June 20, 2017.   According to Reuters, Noble Group, has over 100 vessels on charter, confirmed that its lenders had agreed to push back a repayment deadline by four months and

Glencore to Respond after Rio Favours Yancoal Bid

Glencore on Tuesday said it would review its options after Rio Tinto said it was sticking to a recommendation of China-backed Yancoal as the preferred buyer of its Coal & Allied division in Australia.   In a statement, Glencore, which had made a higher offer than Yancoal, said it would respond "in due course."   Reporting by Barbara Lewis 

Maritime UK on Brexit Negotiations

David Dingle CBE, Chairman of Maritime UK. Photo: Maritime UK

 As negotiations begin on the UK's departure from the European Union, David Dingle CBE, Chairman of Maritime UK said: "These are the most critical set of negotiations in a lifetime. We want to see a Brexit deal that ensures the UK’s attractiveness as a place to do business, as a place to research, develop

DMA Ship Station License Goes Digital

Photo: Danish Maritime Authority

 The Danish Maritime Authority (DMA) continues its work digitalising Blue Denmark in order to utilise the technological solutions available for the benefit of Blue Denmark. Now, the Ship Station License has become digital – just like the other ship certificates.   The number of administrative burdens

India to Sensitize Maritime Fraternity to New Tax Regime

Rajive Kumar, Secretary, Ministry of Shipping. Photo: PIB

 The Ministry of Shipping in India conducted a workshop on “GST for Shipping” in New Delhi today to sensitize all constituents of the maritime fraternity, as the country lauches the new Goods and Services Tax (GST) to revolutionize the country's tax system.   The workshop was attended by representatives from ports,

ICS Urges IMO to Set Ballast Water Implementation Dates

© tempakul / Adobe Stock

 The International Chamber of Shipping (ICS) has urged the International Maritime Organization (IMO) to back a proposal from a broad coalition of governments concerning the implementation dates for installing new ballast water treatment systems.    “If this pragmatic proposal is agreed, this would

Marshall Islands Dismisses Frontline's Bid to Stop DHT Takeover

Photo: DHT Holdings

The High Court of the Marshall Islands has dismissed with prejudice a lawsuit brought by tanker firm Frontline to stop rival DHT selling a major stake to shipper BW Group, DHT said on Monday.   Frontline, which according to Thomson Reuters Eikon data holds a 10.3 percent stake in DHT and is controlled by shipping tycoon John Fredriksen,

DOF Subsea Shelves IPO Plans

Pic: DOF ASA

Norway's DOF Subsea has decided to hold off on launching its initial public offering (IPO), citing volatile market conditions.   Company shareholders DOF ASA, with 51 percent, and a fund managed by First Reserve, with 49 percent ownership, announced in May that they were considering an opportunity

Vroon Says Talks with Banks ‘Constructive’

Pic: Vroon Group

 Troubled family-owned Dutch shipping group Redderij Vroon has dismissed media reports claiming the company’s future to be uncertain, as it may be unable to service its debt.    The Dutch company specializing in offshore and shipping business has reached agreement with its creditors, the Telegraaf reported.

CGG Files for Bankruptcy

CGG Oceanic Sirius  Photo:  CGG

 French geosciences giant CGG has filed for bankruptcy as part of financial restructuring process to reduce its $3 billion debt.    "CGG has begun legal processes to implement a comprehensive pre-arranged restructuring, with the opening of a safeguard proceeding in France and Chapter 11 and Chapter 15 filings in the US,

CTF 150 Makes Record Number of Drug Busts

Photo: United States Navy

 In a four-month span, Combined Task Force (CTF) 150 of the Bahrain-based Combined Maritime Forces has proven itself a formidable force against narcotics trafficking, with 10 drug seizures totaling over 3,300 kilograms of heroin, cocaine, cannabis resin and hashish since March.   It started with the

NOAA Hydrographic Survey Spending in Question

NOAA hyrdographic survey vessel Ferdinand R. Hassler (Photo: David Hall, NOAA)

The National Oceanic and Atmospheric Administration (NOAA) needs to improve its strategy for analyzing costs and expanding private sector involvement in collecting hydrographic data, says a report from the U.S. Government Accountability Office (GAO).   As one of its many duties, NOAA is tasked with collecting hydrographic data.

A Legal Approach to Marine Casualty Response

© mscornelius / Adobe Stock

Maritime attorney David Russo provides a valuable primer for maritime stakeholders faced with a marine casualty. Because it isn’t a question of if, it is a question of when. Will you be ready?   When there is a marine incident, the vessel owner/operator has two risks of exposure: to both civil and criminal liability.

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