Law & Regulation
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Russia oil logistics hotspot off Greece interrupted
Laconia Bay, a ship-to-ship transfer hotspot for Russian crude off the Greek coast, is free from Russian oil-carrying ships for the first time in the past 18 months amid reports of a Greek naval exercise taking place
The International Group is right. The Russia oil price cap is unenforceable
The onus to sort this mess out rests with the politicians, not marine insurers. Given the inordinate amount of time the US Congress took just to agree Kyiv’s request for more shells, hopes can sadly not be high
New UK economic crime law affects shipping companies everywhere, lawyers warn
The UK’s Economic Crime and Corporate Transparency Act is expressly worded to have extraterritorial effect. Big multinational shippers could choose to mitigate the risk of falling foul of the law by using stronger charterparty wording
EU ETS and Red Sea crisis swell Maersk bunker bill in first quarter
Maersk introduced a €23 per dry teu ETS surcharge on the east Asia to north Europe route during the first quarter based on an ETS price estimate of €82 per tonne of CO2
Lloyd’s Register funds maritime human rights project
Human Rights at Sea is seeking greater visibility on its Geneva Declaration on Human Rights at Sea, including adoption by UN bodies
Former Guangzhou port bosses ensnared in China anti-graft sweep
Shake-up in Guangzhou port’s top management is part of broader results from Beijing’s anti-graft drive, which has impacted many public and private sectors, including shipping
X-Press Pearl arbitration must be heard in London not Sri Lanka, high court rules
Claimants bound by terms of insurance contract and ‘pay to be paid’ clause applies, Mr Justice Bright finds
Italian shipping lawyer joins criticism of EU sanctions on Russia
‘Shipping is a very old market and people who are a little bit too smart have always been there. The problem is, if you want to really cope with the situation, you need a lot of expertise,’ argues Enrico Vergani in an interview
Insurers tell UK government that oil price cap is ‘increasingly unenforceable’
Shipping’s P&I clubs have been struggling with the requirements of the G7 oil price cap since its inception. But as the UK government prepares to examine whether Russian sanctions are working, shipping’s insurers have gone on the offensive to explain why the price cap is flawed and is driving more ships directly into the dark fleet
African states lack resources to police fake flag registries, IMO hears
Vessels flying the flags of some West African states have been restricted from calling at UAE ports in 2024 as concerns over fraudulent registrations grow
IMO divided on how to tackle fraudulent ship registries
Fake flag registries are a risk to lives, the environment and shipping’s reputation, but IMO member states are still unsure of how to deal with them
Taking control of PSC
Alfonso Castillero has run the world’s two largest ship registries and has been a PSC inspector. In this sponsored edition of the podcast, he explains why changes are needed in how PSC checks are made and reported
Baltimore city files Dali suit as larger temporary channel opening nears
Legal fallout from the destruction of Baltimore’s bridge by containership Dali has begun. As the court action heats up, work continues to clear the wreckage and allow more ships to pass
Recruitment fraud traps seafarers in ‘disturbing situation’
The International Maritime Organization has condemned illegal and fraudulent recruitment of seafarers and said more work is needed to crack down on the problem
US lawmakers pass new Iran sanctions bill
A bill that calls for the imposition of sanctions on ports, vessels, shipping companies and refineries that knowingly process or carry Iranian oil or productions passed the US House of Representatives on Saturday and will likely be signed into law this week
‘Alarming’ rise in seafarer abandonment cases seen in 2024
Size and scale of problem seen escalating dramatically with numbers of cases already three times higher than four years ago
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