Government Update

Palmali Lodges $2 Bln Claim Against Lukoil's Litasco

Turkey-based Palmali, one of the biggest shippers in the Caspian region, said on Monday it had lodged a claim worth almost $2 billion against Litasco, the trading arm of Russian oil producer Lukoil, with the English High Court.

Garamendi receives the Hirsch Award from the Navy League of the United States (Photo: Navy League)

Garamendi Receives Navy League's Hirsch Award

U.S. Congressman John Garamendi (D-Fairfield, Davis, Yuba City, CA), Ranking Member of the Subcommittee on the Coast Guard and Maritime Transportation, received the Vincent T. Hirsch Maritime Award for

Australia Bans Bulker for Underpaying Crew

 A Panama flagged bulk carrier, DL Carnation, has been banned from entering Australian ports for a period of 12 months after authorities uncovered a scheme which saw the vessel’s crew being intentionally underpaid.

Photo:  Eni

CNPC, Eni Sign LNG Deal

 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

Photo:  International Maritime Organization (IMO)

How to Legally Remove a Hazardous Wreck

 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

Indian Prime Minister, Narendra Modi and the Prime Minister of Japan, Shinzo Abe at the India-Japan Business Summit, in Mahatma Mandir, Gandhinagar, Gujarat. Photo: PIB

Japan's JICA to Fund India's Alang-Sosiya Shipyards

 The Government of India signed a loan deal worth USD 76 million with Japan International Cooperation Agency (JICA), for a project to upgrade the environment management plan at Alang-Sosiya ship recycling yards.

Photo: PD Ports

PD Ports Warns UK Against 'Brexit Blinkers'

 In the week that global maritime leaders gave the UK a vote of confidence, naming it one of the world’s leading maritime centres, PD Ports is urging UK businesses not to develop ‘Brexit blinkers’ but

Houthi Leader Says Could Target Saudi Oil Tankers

Yemen's Houthi leader Abdel-Malek al-Houthi said on Thursday his group could target Saudi oil tankers should Saudi Arabia attack Yemen's main port at Hodeida.   "We could target Saudi oil tankers and we could do anything,

(File photo: Hapag-Lloyd)

THE Alliance Sets $50 Mln Insolvency Contingency Fund

Remarks from Federal Maritime Commissioner William P. Doyle at the FTR Transportation Conference 2017, Indianapolis, Ind.    On September 13, 2017, I voted to expedite the Commission’s decision and

WEST GEMINI. Photo: Seadrill Limited

Seadrill Files Chapter 11 Bankruptcy Protection

 Seadrill Limited, one of the world’s largest offshore drilling companies, has filed for Chapter 11 bankruptcy protection at the Southern District Texas court, Reuters reported.   The indebted oil rig

Image: Maritime and Port Authority of Singapore (MPA)

Singapore: Dredger Sank After Colliding with Tanker, 5 Missing

 The divers have recovered two bodies out of the five missing crew of JBB DE RONG 19, following the collision between Indonesian-registered tanker KARTIKA SEGARA and Dominican-registered dredger JBB DE