Gard PNI: New Arbitration Act – Key Implications
The long-awaited Arbitration Act 2025 is set to come into force across England and Wales. What changes are on the horizon — and what stays the same? The Arbitration Act…
Admiralty Court Fixed Salvage Remuneration in case of SD Rebel BV & Anor v Elise Tankschiffahrt KG
The Admiralty Court fixed salvage remuneration in a claim brought by professional salvors in respect of salvage assistance given to an inland waterways tanker which had run aground in the…
Singapore MPA: AI-Enabled Port Clearance to Streamline Process
MPA is developing an AI-enabled system to streamline port clearance processing, reducing the need for companies to manually input information from multiple ship certificates and eliminating manual verifications by MPA.…
BIMCO: Revised CrewMan Agreement Adopted
BIMCO’s Documentary Committee, at its meeting on 4 March, adopted revised versions of its two standard crew management agreements, CREWMAN A (Cost plus fee) and CREWMAN B (Lump sum). The…
US Treasury Imposes Additional Sanctions on Iran’s Shadow Fleet
Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC), and the U.S. Department of State are imposing sanctions on over 30 persons and vessels in multiple jurisdictions…
OFAC: 13 Oil Tankers and Operators Sanctioned
US Treasury has added multiple vessel and related companies in OFAC SDN List. The OFAC recent action related to Iran related designation and includes individuals, companies and vessel as newly…
Gard Introduces Separate P&I Rules for Charterers and Traders
Starting 20 February 2025, Gard will write charterers’ P&I insurance based on separate Rules, simplifying coverage and increasing certainty for customers. This change will ensure clearer conditions and greater contract…
DGS (India): Revised Approved List of Non IG PNI Club
Director General of Shipping, GOI has revised the list of approved Non IG Club P & I clubs. The approved list is as below In the above list changes noticed…
Fleet Management Expands Its Footprint in Japan and Europe
Fleet Management Limited announces the opening of a new office in Athens, Greece, as well as a strategic leadership appointment to strengthen client engagement in Japan. Captain Rajalingam (‘Raja’) Subramaniam…
OFAC Targets Vessel & Operators for Alleged Iranian Crude Transportation
On 6th Feb 2025, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is sanctioning an international network for facilitating the shipment of millions of barrels of Iranian…