The Maritime Law to be implemented by the UAE, aims to protect abandoned seafarers, extinguish ‘ghost ships’ in its waters and allow 100% foreign ownership of maritime companies. The maritime law will come into force by early next year.
Saudi Arabia introduced, for the first time, a bespoke Commercial Maritime Law, the Maritime Law, which came into effect on 3 July 2019. According to Lexigram, the Maritime Law applies to all Saudi Arabia-flagged vessel and foreign ones that arrive at the Kingdom’s ports and territorial waters.
nternational Transport Intermediaries Club defended a ship manager against negligence allegations, that a shipowner made after the loss of a lifeboat overboard. The lifeboat was drifting off the port of Naze, Japan, after the master reported it missing. Considering the cost of changing the ship’s course to recover the lifeboat, compared to the cost of replacing it, it was decided to abandon it.
In view of the European Council deciding this week on whether the Brexit negotiations can enter the next phase, European shipowners called for rapid and positive progress to be made towards an EU/UK agreement, to secure both EU’s and Britain’s economic benefits.
The Korean Free Trade Commission announced that it decided to approve Maersk Line’s acquisition of Hamburg Sud, under restrictive conditions. Upon the acquisition, Maersk Line and Hamburg Süd will own 743 container vessels, with a total container capacity of around 3.9 million TEUs.
ITIC recently settled a claim brought against a ship manager for failure to maintain its obligations under a technical management contract, leading to liability for costs incurred when the vessel was denied permission to berth by port authorities in Australia.
The Chinese Ministry of Commerce announced that after examination, it decided to approve Maersk Line’s acquisition of Hamburg Sud, under restrictive conditions. Upon the acquisition, Maersk Line and Hamburg Süd will own 743 container vessels, with a total container capacity of around 3.9 million TEUs.
Chinese state-owned giant COSCO Shipping informed that its acquisition of the Hong Kong-based Orient Overseas International Limited has passed a US anti-trust review.
The vessels are said to be the Petrel 8, Hao Fan 6, Tong San 2 and Jie Shun, that were found transporting ‘prohibited goods’ to and from North Korea, according to Hugh Griffiths, coordinator of a UN panel on North Korean sanctions.
The Libyan Coast Guard arrested a Greece-operated oil tanker, which was suspected of trying to smuggle 6.000 tons of oil out of the country, on August 28. The Liberian-flagged “Levante” was seized off Zawia and was taken to Tripoli, according to a navy spokesman.
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