World

12 NOV 2020  The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) imposed sanctions on the efforts to restore Syria’s oil production network, with the support of the regime of President Bashar al-Assad. The sanctions were announced against seven individuals and 10 entities, including companies tied to …

08 NOV 2020 Joe Biden could erase much of President Donald Trump’s four-year legacy of energy and climate deregulation with the stroke of his pen, according to regulatory experts, but replacing it with something new and durable may prove trickier. Trump’s rollbacks are on shaky ground because most were done …

06 NOV 2020 Over the past year, “sustainability” has ratcheted upward to the top of the shipping industry’s radar. The activity will be ramping up now as the International Maritime Organization (“IMO”) takes steps to actualize objectives specified in its 2018 statement of strategy to reduce greenhouse gas emissions from ships, …

03 NOV 2020 Similar to how people buy car insurance in case of car accidents, maritime companies buy insurance policies to cover workplace accidents and payout the injury settlements from that policy. Because your company is primarily interested in self-preservation and protecting itself, their strategy for handling a workplace injury …

31 OCT 2020  On Thursday, the U.S. Department of Justice announced that it has sold four cargoes of Iranian gasoline that were seized from commercial tankers on the high seas. The sale totaled about 1.1 million barrels and netted about $40 million in proceeds. The buyers were not disclosed. According …

29 OCT 2020  The global maritime charity Stella Maris is reporting a successful effort at repatriating seafarers who had found themselves stranded in Italy due to financial problems on their ships and the ongoing travel restrictions related to COVID-19. Stuck in Italy for nearly three months, the charity worked with …

28 OCT 2020  Having had a long career in this industry with many diverse challenges, I’ve come to know first-hand the importance of adaptability. In fact, being able to adapt to change has been a consistent theme in my career and I believe has been integral to my professional growth …

24 OCT 2020  The first conversion of a Very Large Gas Carrier (VLGC) to Liquefied Petroleum Gas (LPG) dual-fuel propulsion has been completed with the ship, the BW Gemini, starting weeklong sea and gas trials. The conversion is part of a program that BW LPG is undertaking to retrofit vessels …

23 OCT 2020  The saga of the crew aboard the tanker Gulf Sky continues according to the NGO Human Rights at Sea and the Commonwealth of Dominica Maritime Administration. According to a statement issued by the two organizations, the crew’s situation remains unresolved leaving them unpaid and unable to work due to …

21 OCT 2020  For the second time in less than twenty-four hours, there was an attack on a vessel in the Gulf of Guinea. While it appears the crew of the second vessel was able to protect themselves, the two incidents highlight the growing threat to vessels in this area …