Tag: regulatory update

The Cyprus Shipping Deputy Ministry (SDM) launched the “Shipping Limited Liability Company (S.L.L.C.) Law of 2022”. The new legislation aims to simplify the procedures and operating regime of Cypriot shipping companies that own Cyprus ships, while safeguarding the competitiveness of the Cyprus flag in international shipping.

The Asian Shipowners' Association (ASA) emphasized its long-standing policy that competition law exemptions for consortia like the CBER are indispensable for the healthy development of the liner shipping industry and the maintenance of reliable liner services to the entire global trading community.

Following successful trial inspections, OCIMF can announce the countdown to the release of the production edition of SIRE 2.0 has begun.

IMO is marking five decades of the London Convention, adopted in 1972 to protect the oceans from dumping of wastes. The Convention was updated in 1996 by the London Protocol, a comprehensive stand-alone global agreement, however the two treaties work in conjunction to regulate the dumping of wastes at sea. 

Vessel sharing is a purely operational measure that enables carriers to use ships more efficiently whilst continuing to compete on price and other commercial terms. Vessel sharing expands the range of destinations and services available to customers and reduces empty space onboard ships, lowering emissions.

The Transport and Tourism Committee adopted a draft negotiating mandate on the deployment of alternative fuels infrastructure by 36 votes to 2 and 6 abstentions on Monday evening.

Hong Kong Government has proposed to amend the Merchant Shipping (Fees) Regulations and the Merchant Shipping (Prevention and Control of Pollution) (Fees) Regulation, to incorporate into local legislation the consequential amendments arising from the IMO latest requirements

Reed Smith lawyers Han Deng, Alice Colarossi and Katherine Stavis informs that the Federal Maritime Commission (“FMC”) is now soliciting comments from the public in line with the Administrative Procedure Act, a cornerstone of the American legal system that requires transparency in the regulatory rulemaking process.

The IMO Sub-Committee on Carriage of Cargoes and Containers held its 8th session, a hybrid one (CCC 8) agreed draft new requirements for mandatory reporting of lost freight containers at sea.

European shipowners, ports, the cruise sector, shipyards and equipment manufacturers, fuel suppliers, shippers, forwarders and port operators join forces and call on the Member States and the European Parliament to earmark the revenues generated from the inclusion of the shipping sector in the EU ETS for the maritime sector.