Tag: regulatory update

The Assembly of the International Maritime Organization has elected the Members of its Council for the 2024-2025 biennium.

All Clubs in the International Group have issued a similarly worded circular, in which highlight that the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) recently issued 4 general licenses suspending certain sanctions in relation to transactions involving oil, gas, and gold in Venezuela.

Lloyd's Register announced that, as per a notice from the Maritime Safety Administration of the People's Republic of China and relevant notification by UK P&I Club, there are new provisions on the supervision and administration of vessels under Special Follow-up. The provisions shall come into force on December 1,  2023. 

Bureau Veritas (BV) has launched its first classification Rules for hydrogen-fuelled ships (NR678) to support the safe development of hydrogen propulsion in the maritime sector.

IMCA has published the industry’s first standard contract for transport and installation (T&I) works in offshore wind projects. 

The Council and the Parliament reached a provisional political agreement on the directive to establish common rules for the internal markets in renewable and natural gases and in hydrogen.

Federation of European Private port Companies and Terminals (FEPORT) members reiterated their concern regarding the measures of the EU ETS and the possibility of a review of the Regulation, during General Assembly meeting of their organization.

UK P&I Club highlights that the Maritime Safety Administration of the People's Republic of China has recently formulated and issued "the Provisions on the Supervision and Administration of Vessels under Special Follow-up".

Colin Lavelle, Helene Peter- Davies and Reema Shour from Hill Dickinson, set out some of the background to the Act and the nine-point plan, summarise the key provisions of the Act and highlight some considerations for ship operators and harbour authorities.

Ships sailing to European ports will be required to pay a combined carbon emissions tax of US $3.6 billion next year. This is the beginning of a fee that will almost surely increase as the region intensifies its efforts to tackle climate change, Bloomberg highlights.