rss icon Subscribe
desktop mobile

Legal

Brookfield Completes Acquisition of Teekay

Image: Teekay Corporation

 Teekay Corporation and Teekay Offshore Partners announced that they have completed their previously announced comprehensive transaction with Brookfield Business, together with its institutional partners (collectively Brookfield).   “With this comprehensive transaction now completed, Teekay looks

Implementation of Standards On Board Ships Matters

Photo: International Maritime Organization (IMO)

 Once technical standards have been developed by IMO and adopted into national laws, the next step is implementation on board ships.    This is the role of both flag States, who issue surveys and certificates, as well as port States, who can inspect all ships in their ports. The Sub-Committee on Implementation of IMO Instruments,

Norwegian Authorities Investigation on HARRIER

Photo: NGO Shipbreaking Platform

 The HARRIER is still under arrest in Norway after its owners failed to illegally set sail for the dangerous and dirty scrapping yards in Gadani, Pakistan, last February. The owners are now forced to find a safe and environmentally sound recycling destination.   In parallel, investigations are still

Horizon Shipbuilding to 'Reorganize' Amid Insufficient Revenues

File Image: An aerial view of Horizon Shipbuilding's Bayou La Batre, Alabama facilities. CREDIT: Horizon Shipbuilding

Horizon Shipbuilding announced it will reorganize amid revenues insufficient for maintaining normal operations.   Lance C. Lemcool, Horizon Shipbuilding Vice President, today issued the following statement on behalf of the Alabama-based boat builder:   “Last year, Travis R. Short, President of Horizon

Dorian LPG, ABS Plotting 2020 Compliance Plan

(Photo: Dorian LPG)

ABS said it has been selected by Dorian LPG to provide an in-depth techno-economic analysis, laying out compliance options for impending global sulfur cap requirements. Dorian LPG owns and operates a fleet of very large gas carriers (VLGCs), transporting liquefied petroleum gas around the world.    “It

San Francisco, Oakland Sue Oil Firms Alleging Climate Change Costs

California cities, San Francisco and Oakland, said they filed separate lawsuits against five oil companies on Wednesday seeking billions of dollars to protect against rising sea levels they blamed on climate change.   The lawsuits, filed in state courts in San Francisco and Alameda Counties, alleged Chevron,

Maersk Sheds Oil Tanker Division

(Photo: A.P. Moller-Maersk)

A.P. Moller-Maersk has agreed a $1.71 billion deal to sell its oil tanker division to its controlling shareholder, who in turn will enter an ownership consortium with Japan's Mitsui & Co.   The Danish conglomerate last year embarked on a restructuring to focus on transport and logistics and last month

Lebanon Passes Oil Tax Law

Lebanon made progress in its efforts to develop a hydrocarbons industry on Tuesday when lawmakers passed a petroleum tax law, as companies prepare to bid on a first round of offshore exploration licences next month.   Earlier this month, Energy Minister Cesar Abi Khalil extended by four weeks the

Bahrain Accuses Qatar of Seizing Three Vessels

Bahrain accused Qatar on Monday of illegally seizing three boats with 16 sailors on board, state news agency BNA reported, worsening an already deeply troubled diplomatic situation in the region.   Coast Guard Commander Commodore Alaa Siyadi told BNA the boats were seized over the past three days.

Ocean Guardian: Simplifying Environmental Compliance

2017_Product Showcase_WCR_Image.jpg

Environmental compliance challenges are nothing new to the cruise industry. Initiatives to enhance environmental compliance, from clean technologies to improved processes and procedures, have significantly reduced the impact cruise vessels have on the environment and improved the quality of discharge.

DP World to buy Dubai Maritime City, Drydocks World

File Image: A DP World Port Terminal (DP World)

DP World said on Monday that it had entered into a deal to buy two other Dubai state-owned maritime companies for a total of $405 million.   The Dubai-based ports operator will acquire Maritime World, the 100 percent owner of Dubai Maritime City, for a purchase consideration of $180 million, and 100

ES Group Terminates Charter Contracts

Pic: ES Group (Holdings)

 Singapore-based ship builder ES Group said its unit ES Shipping has terminated a five-year demise charter contract for bunker vessel, Sea Tanker I, with Sea Hub Tankers.  "Under the five-year demise charter contract  entered into on 23 November 2012, between the Company’s wholly-owned subsidiary, ES Shipping,

CNPC, Eni Sign LNG Deal

Photo:  Eni

 China National Petroleum Corporation (CNPC) and Italy’s Eni signed a cooperation agreement that includes assessing opportunities in the gas and LNG value chain.   "CNPC and Eni signed cooperation agreement today in order to cooperate in oil & gas exploration and production, gas and LNG value chain opportunities,

How to Legally Remove a Hazardous Wreck

Photo:  International Maritime Organization (IMO)

 What is the legal basis for removing a hazardous wreck at sea? Who bears the liability? These and many other wreck removal questions were addressed by IMO’s Jan de Boer at the ACI’s Maritime Salvage & Casualty Response conference in London (13-14 September).   Speaking to a wide variety of stakeholders (Participants from salvage companies,

Maritime Apps