AMSA: Illegal Boat Charter Operator Fined $30,000
The Australian Maritime Safety Authority (AMSA) is reminding all charter operators of the importance of complying with the law for the safety of crew and passengers on board. Last month,…
General Average – Seaworthiness and Due Diligence/The Happy Aras Case
The HAPPY ARAS grounded on the Datca Peninsula in Turkey. Owners declared general average. Cargo interests pleaded that the vessel was unseaworthy on the ground of incompetence of the crew,…
NYK Group Fully Acquires Saga Welco AS, a Leading Open-Hatch Vessel Operator
On March 11th, NYK Group company, NYK Holding (Europe) B.V. (“NHE”), reached an agreement with the Norwegian shipping company Westfal- Larsen Group to fully acquire Saga Welco AS (“Saga Welco”).…
Inspection Fee Hiked by St. Laurence Seaway System
Please be advised that there will be a 2.5% increase of ship inspection fees for the upcoming 2026 navigation season. Fees will be as follows: Inland/ocean ship inspection inside the…
The International Group effort to Save Face on Changes to War Coverage by P&I Clubs
“The International Group have been asked to comment on the changes to war coverage provided by P&I Clubs following the attacks on Iran and Iran’s subsequent retaliation against Gulf States…
War Risks – Notice of Cancellation for Certain Covers from P & I Clubs
1. Background NorthStandard Club has received a Notice of Cancellation from its reinsurers in respect of certain war risks reinsured in the commercial market. Consequently, the Club has issued a…
ETS Allowances Clause for BARECON Adopted at BIMCO
BIMCO’s Documentary Committee has adopted a new Emission Trading Scheme Allowances Clause for use with BARECON 2017 to help parties allocate emissions compliance responsibilities under bareboat charter agreements. The clause…
USA Seeks Forfeiture of Oil Tanker and 1.8M Barrels of Crude Oil That Supported Iran and Venezuela
A complaint has been filed in the U.S. District Court for the District of Columbia seeking to forfeit the Motor Tanker Skipper – a crude oil tanker seized by the…
USCG Interdicts Drug Smuggling Vessel, Seizes $1.3M in Narcotics
MIAMI – Coast Guard Cutter Richard Etheridge’s crew interdicted a suspected smuggling vessel, Saturday, at approximately 2:15 p.m., about 8 miles offshore of Miami. During the boarding, the joint law…
The Norwegian Shipbrokers’ Association (NSA) and BIMCO adopt SALEFORM 2025
SALEFORM 2012 is a widely used international Memorandum of Agreement for the sale and purchase of ships. However, the NSA saw a need to revise the form to better reflect…