Legal & Regulations

  • Show me the money: the new Bankruptcy Law and...

    At the end of 2016, the UAE finally adopted the long awaited Bankruptcy Law (Law No. 9 of 2016). After several years in the making the new law represents a significant improvement over the old regime which has previously existed under the Commercial Code and which has now been repealed.  In this article, we will consider the impact of the new law on debt collection in the UAE, which remains a topical issue in the current commercial environment.

  • Improving the lot of Bangladeshi seafarers

    Maritime Labour Convention (MLC), 2006 is meant to protect the right of seafarers which is treated as “Fourth Pillar” next to SOLAS, MARPOL and STCW of International Maritime Organisation (IMO). It is also called “Bill of Right” among the 1.2 million professional seafarers around the world.

  • IMO catalyst for more efficient ships

    “IMO regulations will be a driver and catalyst for a generation of new, more efficient ships” said Stefan Micallef, Director of the Marine Environment Division at IMO, as he concluded his remarks at the 2017 Propulsion and Emissions conference, Hamburg, Germany (10-11 May).

  • Mediterranean fuel oil blenders opt for Baltic...

    Fuel oil blenders in the Mediterranean are opting to buy Mazut-100 from the Baltic amid strong demand for finished-specification RMG as well as cheap freight rates for delivery between the Baltic and the Mediterranean.
     

  • Offshore leasing order a boon: State could...

    President Donald Trump gave Alaska some good news late last week when he signed an executive order directing Interior Secretary Ryan Zinke to review a plan from President Barack Obama’s administration that banned drilling in parts of the Pacific, Arctic and Atlantic oceans. Though a price slump that began in 2014 has reminded Alaskans to plan for a future in which oil no longer provides the lion’s share of state revenue, the commodity remains a vital part of the Alaska economy and likely will remain so for decades to come. The executive order relating to offshore drilling provides hope that drilling on the outer continental shelf off the state’s northern coast may be allowed again.

  • Costly bilge water non-compliance is subject of...

    A new white paper from Alfa Laval addresses ship owner concerns to ensure vessel compliance with bilge water regulations worldwide. Even if a traditional system with type approval is operating on board, the paper states, there are still risks of violating applicable laws and damaging the marine environment.

  • Shipping industry faces seismic shift in 2020 as...

    In 2020 the shipping industry is facing its biggest change since the shift away from burning coal a century ago as the IMO is set to impose a new 0.5% sulfur cap on marine fuel emissions. S&P Global Platts associate director Paul Hickin and editorial lead for bunker news Jack Jordan assess the readiness of the industry for the changes ahead, as well as the likely options for shipowners in coping with the stricter emissions regulations.

  • Verifavia Shipping First Global Eu Mrv Verifier...

    Verifavia, the world’s leading emissions verification company for the transport sector (aviation and shipping), today announced that it has received a second accreditation by France’s national accreditation body Cofrac as a global EU monitoring, reporting, and verification (MRV) verifier. This makes Verifavia the first globally accredited verifier to receive dual accreditation under ISO 14065 standard and regulation 757/2015.

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The status of anti-corruption legislation in the UAE

On 10 June 2017, Robert Bosch Middle East (“Bosch”) was the first company in the region to be awarded an anti-bribery certification by Tasneef-Rina Business Assurance. The standard implements best practices when it comes to fighting bribery and corruption, and contributes to the UAE’s goals of achieving transparency and creating a healthy business environment. As Tasneef has undertaken to shine light to an area many companies are directly or indirectly suffering from and we want to use Tasneef's initiative to bring transparency to this topic.

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Collision Liability under Kuwaiti Maritime Law

In maritime law, the term ’Ship collision’ is given when a physical impact occurs between two ships resulting in an accident which causes damage. The ship collision can occur between a moveable object, such as a ship, and a stable object like a quay or a floating structure like an offshore drilling platform.

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First ship with IMO Tier III EIAPP certified Wärtsilä engines is launched

The launch of the L’Astrolabe, a 72 metre polar logistics vessel fitted with a complete Wärtsilä propulsion machinery package and Wärtsilä NOR (NOx Reducer) SCR (Selective Catalytic Reduction) exhaust gas cleaning systems for all the main engines, took place on July 12. This is the first vessel operating with the International Maritime Organisation’s IMO Tier III EIAPP (Engine International Air Pollution Prevention) certified Wärtsilä diesel engines.

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EU MRV Regulations

The European Union Monitoring, Reporting and Verification (EU MRV) of CO2 emissions from maritime transport regulation entered into force in July 2015. The regulation contains three parts 

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