News
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Is the Southeast Asian maritime domain continue to be fraught?
The pandemic brought about an observable increase in transnational crimes – smuggling, piracy, and trafficking. The Southeast Asian maritime domain continues to be fraught. The Covid-19 pandemic brought about an observable increase in transnational crimes such as smuggling – at first, pandemic-related medical material, then later food – as well…
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Colombia court : Ceasing activities in Nicaraguan maritime zone
Judges at the International Court of Justice ruled last week that Colombia must “immediately cease” patrolling and trying to control fishing in parts of the Caribbean that the ICJ said are within Nicaragua’s exclusive economic zone. The ICJ ruled that Colombian activities in the Nicaraguan zone, including giving out fishing…
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Valaris Announces Sale of Jackups VALARIS 113 and 114
Valaris Limited (NYSE: VAL) (Valaris) announced today that it has sold heavy-duty modern jack-ups VALARIS 113 and 114 to ADES Saudi Limited for a total of $125 million. VALARIS 113 and 114 are PPL Pacific Class 400 jackups, both delivered in 2012. Both rigs have been stacked in the Philippines…
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MSC Adds Another New Service to The Port of Philadelphia with the Indus 2
PhilaPort welcomed the maiden call of a new ocean liner service to The Port of Philadelphia’s Packer Avenue Marine Terminal. The 6,730-TEU container vessel MSC Michaela is part of the Mediterranean Shipping Company’s (MSC) “Indus 2” service This service gives Philadelphia shippers direct connections to India, Italy, Spain, and Portugal.…
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Windward : Russia’s invasion of Ukraine changed the shipping and maritime worlds in spite of the guidance of OFAC
The U.S. Office of Foreign Assets Control (OFAC) offered guidance on “deceptive shipping practices” in May 2020 – advising shipping companies, traders, banks, etc. to review counterparties for how they operate their vessels. This included screening for ship-to-ship (STP) transfers, “dark activity” (significant durations without a properly functioning identification system…
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Amending the rules for determining the fees for cruise yachts crossing the Suez Canal
In the context of the Suez Canal Authority’s efforts to promote yacht tourism in the Canal region, Admiral Osama Rabie, Chairman of the Suez Canal Authority, announced the amendment of the determining rules of the Suez Canal transit tolls for cruise yachts with a gross tonnage of less than 300…
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Takers : Tunisia imprisons crew members of a ship that sank off its coast
A Tunisian judge has decided to imprison the seven crew members of a merchant ship that sank off the coast of the southern city of Gabes this month, as authorities investigate whether the ship was deliberately sunk, a judicial official said. Tunisian officials said this month that a ship heading…
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CII – The new regulations that will shake up shipping
When the IMO introduced its carbon-saving regulations, especially CII which will enter into force in 2023, many realized they would have to dramatically change to meet them. What is CII, and which options do ship owners have to comply with it? The marine industry is about to see some of…
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Oceanbird :Vision of truly sustainable shipping.
“Wind is an opportunity we must seize now. There’s simply no time to waste in phasing out fossil fuels.” The Oceanbird concept wasn’t invented overnight. After a decade of analyzing different paths and strong partnerships, we are finally getting closer to the vision of truly sustainable shipping. The story of…
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