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IRS Focuses on Foreign Vessels Evaiding Taxes

Nov 03, 2009

The Offshore Marine Service Association (OMSA) applauded the Internal Revenue Service’s (IRS) recently posted directive to field officers establishing an

Ocean Marine Insurance Responds to Challenges

Oct 27, 2009

The U.S. Ocean Marine insurance industry has been hard hit by the economic crisis at a time when its structure, traditions and culture are facing challenges, according

20th Signature on Rotterdam Rules

Oct 26, 2009

The United Nations Convention on Contracts for the International Carriage of Goods Wholly or Partly by Sea, known as the Rotterdam Rules, has received its 20th

Ship Operator Pleads Guilty, Concealing Pollution

Oct 22, 2009

A Panamanian company that operated a 40,000-ton oil tanker ship that regularly made calls in multiple ports in Texas pleaded guilty Oct. 21 in federal court in

Greek Shipowners Support Korean Register

Oct 20, 2009

Over 70 Greek shipowners supported the Korean Register of Shipping’s (KR) 5th Hellenic Committee meeting held in Athens on October 15.  Chaired by Adam Polemis,

Decision in Winter Storm Shipping, Ltd Versus TPI

Oct 20, 2009

Sullivan & Cromwell Partners reported on the October 16 decision from the U.S. Court of Appeals for the Second Circuit which overrules the controversial 2002 decision in Winter Storm Shipping,

Arbitration, Foreign Seaman’s Wage Claim

Oct 06, 2009

The US Court of Appeals for the Ninth Circuit ruled that a wage claim by a foreign seafarer against his employer for service on a foreign vessel is subject to arbitration.

Polembros Pleads Guilty, Pollution Charges

Oct 01, 2009

Polembros Shipping Ltd., a ship management company headquartered in Greece, pleaded guilty on Sept. 30 in federal court in New Orleans for violating anti-pollution laws,

CMA CGM Agreement

Sep 29, 2009

CMA CGM reached agreement on the establishment of a committee comprised of French, European and international banks including certain major financial institutions from Asia and the Republic of Korea.

Shipmanagers Should Review Liability Limitation

Sep 29, 2009

Ahead of an impending revision of the standard industry shipmanagement agreement, the International Transport Intermediaries Club (ITIC) has urged shipmanagers

SEC Closes Inquiry Involving ACL

Sep 29, 2009

American Commercial Lines Inc. (NASDAQ: ACLI) (ACL) announced that the U.S. Securities and Exchange Commission (SEC) has confirmed it will not take action against

Weak Internal Financial Control at USMMA

Sep 10, 2009

The Government Accountability Office (GAO) issued a report of its examination of internal financial controls at the US Merchant Marine Academy (USMMA). The report

Liberian Ocean Shipping Co. Admits Wrongdoing

Sep 04, 2009

A Liberian-incorporated shipping company pleaded guilty in federal court in Trenton, N.J., to failing to keep accurate oily water discharge records and using falsified

ITIC Warns Shipmanagers on Lay-Up Liability

Aug 26, 2009

The International Transport Intermediaries Club (ITIC) has urged its shipmanager members to seek legal advice before entering into any contracts with owners relating to the laying-up of vessels.

Georgios M Engineers Indicted

Aug 23, 2009

A federal grand jury in Houston has returned an indictment charging two crewmembers of the oil tanker Georgios M with making false statements, violating federal

Bill Introduced, HMT Exemptions

Aug 07, 2009

Representative Higgins (D-NY) introduced the Short Sea Shipping Act of 2009 (H.R. 3486) to amend the Internal Revenue Code of 1986 to exempt certain shipping from the harbor maintenance tax (HMT).

Summary Judgment Against Mass. Law

Aug 02, 2009

The American Waterways Operators (AWO) hailed a decision by the U.S. District Court, Massachusetts District, to recommend summary judgment against a 2004 Massachusetts oil spill statute.

Third Crewmember Pleads Guilty

Jul 31, 2009

A Greek citizen who oversaw the engineering department on board a Dominica-flagged bulk cargo ship pleaded guilty today in U.S. District Court in New Orleans for

Salazar Statement on Leasing Court Ruling

Jul 31, 2009

U.S. Department of the Interior Secretary Ken Salazar issued the following statement regarding the U.S. Court of Appeals for the District of Columbia Circuit ruling

Arctic Shipping Bill Introduced

Jul 28, 2009

Senator Murkowski (R-AK) introduced a bill (S. 1514) to ensure safe, secure, and reliable marine shipping in the Arctic including the availability of aids to navigation,

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