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Stretching the Bounds of State Sovereignty 9/21/2011 9:41:06 AM The operation of vessels in international commerce has never been more complicated than it is today, particularly from the standpoint of regulatory compliance.  A vessel operator must be cognizant of international, national, state and local regulatory requirements.  In an ideal world, the regulations... AKD: Chapter 11 Protection is Not Enforceable in The Netherlands 8/16/2011 7:53:24 AM Netherlands law firm AKD says that, while beleaguered shipowners may be looking increasingly to Chapter 11 filings in the United States to protect their financial interests, the fact is that Chapter 11 does not enjoy the force of law throughout the world, and certainly not in The Netherlands.  Brazil Shipbuilding: OSX Receives Installation License 6/28/2011 9:28:00 AM OSX, an EBX Group Company focused on offshore naval industry, received the Installation License for its Shipbuilding Unit, which will be installed at the Açu Superport Industrial Complex, in São João da Barra (RJ). The document was issued on June 22nd, 2011, approximately one year... Legal Beat: MARPOL Enforcement in the United States 6/9/2011 2:36:20 PM Blank Rome LLP’s Gregory Linsin and Jeanne Grasso explain the challenges and lay out a cogent solution… Current Trends in MARPOL Enforcement The United States has long been aggressively enforcing compliance with the International Convention for the Prevention of Pollution... Insurance Industry Must Take Data Governance Seriously 6/2/2011 5:54:31 AM Leading accountant and insurance industry adviser Moore Stephens has questioned whether data governance is being accorded the attention it deserves by the insurance industry. Recent FSA Arrow visits have highlighted a number of frequently recurring problems in insurance firms relating to risk management, governance, data and reporting... Prem Kumar Added to EPA Fugitive List 5/12/2011 5:47:04 AM Defendant failed to surrender after indictment in illegal vessel pollution case WASHINGTON – Prem Kumar, also known as Premakumaran Krishnan, a citizen of India, has been added to the U.S. Environmental Protection Agency’s (EPA) fugitive list for failing to surrender to federal... Court: Gov’t Immune from Contribution in Collision 5/10/2011 10:28:12 AM  The US Court of Appeals for the Fourth Circuit ruled that the federal government is immune from a claim of contribution from a vessel owner that alleged negligence on the part of the U.S. Navy in conducting a nighttime training exercise in which a Navy member was killed in a collision with claimant's vessel... Court Reduces Horizon Lines' Fine To $15 Million 4/29/2011 7:42:06 AM REDUCED FINE REMOVES MAY 21ST DEFAULT POTENTIAL RELATED TO CONVERTIBLE NOTES AND IS EXPECTED TO FACILITATE REFINANCING  Company Intends to Proceed with Puerto Rico Class Action Settlement CHARLOTTE, NC (April 28, 2011) - Horizon Lines, Inc. (NYSE: HRZ) today announced that a federal court has granted a request by the U... Middle East Turmoil and U.S. Economic Sanctions and Export Controls 4/20/2011 9:52:32 AM The primary focus of last year’s annual update, which appeared in the April 2010 issue, was U.S. efforts to tighten economic sanctions against Iran.  The last several months have seen these efforts come to fruition, as well as imposition of new sanctions affecting Libya, North Korea, and Somalia... Horizon Line Enters Plea Deal with DOJ; to pay $45m Fine 2/24/2011 1:55:17 PM Horizon Lines, Inc. (NYSE: HRZ) today confirmed that it has entered into a plea agreement with the Antitrust Division of the U.S. Department of Justice (DOJ).  Under the agreement, which is subject to court approval, Horizon Lines will plead guilty to a charge of violating federal antitrust laws... EPA, USCG MOU for Enforcement & Compliance 2/13/2011 6:05:36 PM The U.S. Environmental Protection Agency (EPA) and U.S. Coast Guard (USCG) today signed a Memorandum of Understanding (MOU) outlining steps the agencies will take to better coordinate efforts to prevent illegal discharges of pollutants from more than 61,000 commercial ships based in the U.S. and more than 8,000 foreign ships operating in U... Summary Judgment Sought Against Mass. 2009 Oil Spill Law 2/9/2011 10:43:33 AM The American Waterways Operators (AWO), the International Association of Independent Tanker Owners (INTERTANKO), the Chamber of Shipping of America, the International Chamber of Shipping, and the International Group of Protection & Indemnity Clubs filed a Motion for Summary Judgment on Friday, January 28 in U... DRD Towing Sentenced for Mississippi River Spill 1/25/2011 10:40:42 AM DRD Towing Company, LLC., a marine company located in Harvey, Louisiana, was sentenced in federal court by U. S. District Judge Ivan L.R. Lemelle to two years probation for violation of Ports and Waterways Safety Act and a misdemeanor violation of the Clean Water Act and a $200,000 fine, announced U... Research Vessel Chief Engineer Sentenced for Falsifying Records 1/21/2011 10:35:49 AM In the district court for the Eastern District of Louisiana, Judge Sarah S. Vance sentenced Michael Murphy, a former chief engineer employed by Offshore Vessels, LLC (OSV), to two years probation. Judge Vance also ordered Murphy to pay a criminal fine of $5,000. On Oct. 20, 2010, Murphy pleaded... Bill Introduced, Veterans Benefits for WWII Mariners 1/10/2011 10:48:05 AM Representative Filner (D-CA) introduced the Belated Thank You to the Merchant Mariners of World War II Act of 2011 (H.R. 23) to amend title 38, United States Code, to direct the Secretary of Veterans Affairs to establish the Merchant Mariner Equity Compensation Fund to provide benefits to certain individuals... Get Ready for Changes in Lease Reporting 12/17/2010 10:53:03 AM From the December 2010 edition of MarineNews Since the middle of 2006, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) have been working towards changing how companies report their lease transactions on their balance sheets. Those companies... BOEMRE Issues New Guidance for Deepwater Drillers 12/14/2010 11:06:28 AM The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) today issued additional guidance regarding the steps required of operators to resume deepwater activity. This information contains no new or additional regulatory requirements, but instead provides additional information to assist... Customs Withdraws Jones Act Offshore Rulemaking 12/9/2010 10:13:48 AM On November 15, 2010, U.S. Customs and Border Protection (CBP) withdrew an Advance Notice of Proposed Rulemaking (ANPRM) regarding the transportation of merchandise and equipment by foreign-flag vessels engaged in the support of Outer Continental Shelf (OCS) activities. The ANPRM was under review by... U.S. District Court Rules Against Closing Chicago Locks 12/8/2010 12:26:45 PM The American Waterways Operators (AWO) applauded the decision announced on Thursday by the U.S. District Court for the Northern District of Illinois that denied a motion for preliminary injunction filed by five Great Lakes states to close Chicago area locks as a way of preventing the migration of Asian carp into Lake Michigan... Get Ready for Changes in Lease Reporting 12/8/2010 10:49:02 AM By Richard Paine, Sr., from the December 2010 edition of MarineNews Since the middle of 2006, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) have been working towards changing how companies report their lease transactions on their balance sheets... 1 2 3 4 5 6 7 8 9 10 ...