Tag: regulatory update cm

On 14 May, the European Union agreed to a 17th package of sanctions against Russia, ahead of planned peace talks between Ukrainian President Volodymyr Zelenskyy and Russian President Vladimir Putin in Turkey.

The Suez Canal Authority (SCA) has issued a 15% discount on containership transit fees starting 15 May in an effort to attract traffic.

The U.S. Coast Guard has introduced a streamlined reflagging process for foreign-built vessels, enhancing efficiency and clarity while upholding safety standards. 

PMA has implemented Precheck, a screening process that aims to ensure only compliant vessels join the Panama Ship Registry.

Due to the intensifying conflict over Kashmir, the Indian government has officially prohibited cargo originating from or exported by Pakistan.

Vitsan has informed on vessels calling into Turkiye in 2025 in light of IMO's designation of the Mediterranean Sea as SECA.

The U.S. and China have agreed to temporarily lower tariffs on each other’s products in a bid to ease trade tensions and create space for further negotiations over the next three months.

On 9 May, the UK Government announced its upcoming largest-ever sanctions package targeting Russia’s shadow fleet of oil tankers. 

On 7 May, the European Commission approved, under EU State aid rules, the re-introduction of Italy's “International Registry” scheme.

BIMCO informed on mandatory and voluntary measures to protect whales from collisions with ships, in place from 1 May for parts of the ocean.