maritime law

OSV owners to be affected from S. Arabian Maritime Law

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. 

Ship manager not guilty over owner’s negligence accusations

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.

ECSA urges for progress in Brexit negotiations

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.

Korea approves Maersk’s acquisition of Hamburg Süd

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: Manager’s negligence causes off-hire dispute with owner

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. 

China greenlights Maersk’s acquisition of Hamburg Süd

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.

Libya arrests tanker for smuggling oil

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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