Wärtsilä pulls out of Russia
Wärtsilä Corporation is to write-off approximately EUR 200 million (about $217 million) related to assets and business operations in Russia. A statement released by the company today says: “Wärtsilä strongly condemns the
Compliance
ClassNK unveils new GHG emissions monitoring tool
ClassNK has released ClassNK ZETA (Zero Emission Transition Accelerator), a GHG emissions management tool for accurately tracking CO2 emissions and confirming and simulating CII ratings ClassNK’s Zero Emission Transition Support Services provide
Baltic Exchange to U.K members: Don’t do business with Russians
A large part of the world’s ship chartering and sale & purchase business is negotiated at some stage by members of the London-based Baltic Exchange, the world’s oldest shipping market. Today, the
Exam scam: More guilty pleas, sentences in text score fixing case
Two former Coast Guard employees have pleaded guilty in the ongoing exam scam case involving a test score-fixing scheme at the U.S. Coast Guard’s Regional Exam Center (REC) New Orleans in Mandeville,
Wan Hai to pay $680,750 to settle CARB violations
The California Air Resources Board (CARB) has reached a settlement agreement with Wan Hai Lines (USA) Ltd. for $680,750 in respect of violations of California’s Ocean-Going Vessels At-Berth Regulation that aims to
5 ships subject to U.S. Treasury Russia sanctions
The U.S. Treasury’s Office of Foreign Asset Controls (OFAC) has issued an extensive list of Russian entities and individuals subject to economic sanctions imposed in response to Russian actions in Ukraine. Among
“Five Eyes” antitrust agencies turn their attention to the supply chain
Back in November, the White House sent a clear signal that the nine carriers and three alliances that dominate the global container shipping market were going to face increasing U.S. scrutiny. At
Coast Guard issues NPR on towing vessel user fees
The Coast Guard has published a notice of proposed rule making (NPR) in the Federal Register relating to an update its user fees for seagoing towing vessels that are 300 gross tons
BIMCO develops “game-changing” shipping carbon emissions clauses
In the wake of COP26, the pressure is on for the International Maritime Organization to up its greenhouse gas reduction ambitions even further. Meantime, from January 1, 2023, IMO’s current revised initial
OP-ED: Knowledge pays when selecting and operating BWMS
By Mark Riggio Head of Marine, Filtersafe Upfront costs and operational expenses are important considerations for all ship owners and operators purchasing ballast water management systems (BWMS). This means it’s critical to