Thursday, November 26, 2020
MORE TOP STORIES
FMC increases reporting requirements on carriers

FMC Increases Reporting Requirements for Major Carrier Alliances

By The Maritime Executive 11-25-2020 07:07:50

After announcing that it was opening an investigation into the tactics used on container fees and the logistical challenges, the Federal Maritime Commission announced that it has also increased the reporting requirements for the three global carrier alliances.  The limited carrier space to deal with the surge in shipping volumes and rise in rates has brought increasing scurrility on carriers with many countries calling for action. The FMC announced that it has sent letters to the carrier alliances 2M, THE,...

Continue Reading...
rescue

Video: Good Samaritans Rescue Crew of Sinking Fishing Vessel

By The Maritime Executive 11-25-2020 06:20:00

On Tuesday, the U.S. Coast Guard worked with a good samaritan vessel to rescue five people after their fishing vessel began to sink at a position about 150 nautical miles south of Sabine Pass, Texas. At about 2210 hours, the Coast Guard 8th District command center received an EPIRB alert registered to the Miss Lena, a commercial fishing vessel, at a position off Sabine Pass. Watchstanders also received an InReach text from a neighboring vessel reporting that the Miss Lena...

Continue Reading...
GTT fines of sales tactics of LNG technology

Korean Trade Commission Fines GTT Over LNG Licensing and Sales Tactics

By The Maritime Executive 11-25-2020 05:59:17

In a dispute over licensing and sales tactics related to the construction of LNG ships, South Korea’s antitrust regulators took the unusual step of fining France’s Gaztransport & Technigaz S.A. (GTT) for unfair sales tactics and ordering a correction. GTT responded by disputing the decision saying it was an inseparable offering integral to the technology. The dispute stems from the licensing of LNG technology to South Korea’s eight shipyards which are leaders in the construction of LNG carriers. GTT accounted...

Continue Reading...
new ship repair yard in Mexico

Fincantieri Signs Agreement to Develop New Mexican Ship Repair Yard

By The Maritime Executive 11-25-2020 05:16:46

Fincantieri announced plans to develop a new ship repair yard in coordination with the government in Mexico’s Yucatan state. Strategically located close to the cruise trade and oil and gas industry, the yard will feature some of the largest facilities in the Americas. Under the terms of a letter of intent signed with the Ministry of Economic Development and Labour of the Yucatán State, Fincantieri will participate in the design and construction of the new ship repair, conversions, and maintenance...

Continue Reading...
MORE STORIES BY CATEGORY

Offshore

block island wind farm

Interview: ABS' Matthew Tremblay on the U.S. Offshore Wind Market

The offshore wind market is accelerating quickly in the United States, creating new opportunities for shipowners and shipyards. The American Bureau of Shipping (ABS) is playing a role by advising American vessel operators on the ins and outs of creating vessel assets for this brand new market – both the practical elements of vessel design and the compliance requirements of American regulators. The Maritime Executive recently caught up with Matthew Tremblay, senior vice president of offshore markets for ABS, for...

Continue Reading...

Shipbuilding

new ship repair yard in Mexico

Fincantieri Signs Agreement to Develop New Mexican Ship Repair Yard

Fincantieri announced plans to develop a new ship repair yard in coordination with the government in Mexico’s Yucatan state. Strategically located close to the cruise trade and oil and gas industry, the yard will feature some of the largest facilities in the Americas. Under the terms of a letter of intent signed with the Ministry of Economic Development and Labour of the Yucatán State, Fincantieri will participate in the design and construction of the new ship repair, conversions, and maintenance...

Continue Reading...

Training

fraud scheme to sell fake mariner certificates

Four People Charged in $200K Fake US Coast Guard Credentialing Scheme

Four individuals have been charged in a scheme to sell phony US Coast Guard merchant mariner credentials, according to the US Attorney’s Office for the Eastern District of Virginia. The grand jury indictment alleges that the scheme netted over $200,000 in profits from the production and sale of the counterfeit certificates to over 150 mariners. Beginning in July 2016 and continuing through at least the end of 2019, it is alleged that the four individuals devised a scheme to defraud...

Continue Reading...

Business

GTT fines of sales tactics of LNG technology

Korean Trade Commission Fines GTT Over LNG Licensing and Sales Tactics

In a dispute over licensing and sales tactics related to the construction of LNG ships, South Korea’s antitrust regulators took the unusual step of fining France’s Gaztransport & Technigaz S.A. (GTT) for unfair sales tactics and ordering a correction. GTT responded by disputing the decision saying it was an inseparable offering integral to the technology. The dispute stems from the licensing of LNG technology to South Korea’s eight shipyards which are leaders in the construction of LNG carriers. GTT accounted...

Continue Reading...