Law & Regulation
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Barbados will keep Qualship 21 status despite flagging US-sanctioned vessels
The US Coast Guard says Barbados’ decision to continue flagging US-sanctioned vessels will not affect the registry’s status in the US Coast Guard’s Qualship 21 programme, while the State Department noted that entities providing support to blocked vessels ‘expose themselves to potential sanctions actions’
UK-sanctioned, falsely flagged tanker laden with Russian crude transits English Channel
Yi Meng Shan, formerly Attica, abruptly reversed a course that originally indicated the tanker taking a route around Britain to avoid the channel, where the coast guard is targeting shadow fleet tankers with suspect or dubious marine insurance
FMC postpones approval of Premier Alliance pending additional information
The Premier Alliance of ONE, HMM and Yang Ming, is set to start in February 2025 and operate for five years
The Daily View: Fundamental change
Your latest edition of Lloyd’s List’s Daily View — the essential briefing on the stories shaping shipping
FMC investigating Spanish government over alleged banning of US-flagged vessels
The FMC is investigating whether Spain’s refusal to let ‘certain vessels, including US-flagged vessels’, call at its ports resulted in ‘conditions unfavourable to shipping in the foreign trade of the United States’. It warned that it can ‘levy significant remedies’ if it finds that to be the case
Optimising port calls could cut some ships’ emissions by up to 25%
A study of port emissions from ships waiting between 2018-2022 found significant opportunities for emissions cuts, but highlighted the need for regulation that targets the industry overall
LNG the cheapest way to comply with FuelEU, says DNV
Fossil LNG could offer a ship a lifetime of compliance with the incoming FuelEU Maritime regulation, with gas the cheapest of several paths to comply, DNV said in a report
Top 10 in regulation 2024
The failure of green initiatives, abandonment of national climate goals and continued confusion over future fuels in 2024 rammed home there will be no green transition without global regulation. Bizarrely, the IMO now looks like the agency in the best position to deliver such a transition worldwide
Top 10 maritime lawyers 2024
Even now, most shipping contracts specify dispute resolution under English law, but the US and Asia are also home to thriving shipping law firms
The Daily View: Next year is critical
Your latest edition of Lloyd’s List’s Daily View — the essential briefing on the stories shaping shipping
Sanctioned insurer Ingosstrakh seeks to address ‘misleading and unfounded allegations’
‘In keeping with industry best practices, Ingosstrakh does not insure any sanctioned vessels or vessels engaged in sanctionable activities,’ said Ingosstrakh, adding that it removed over 100 vessels between 2022-2024, ‘underscoring its commitment to responsible underwriting practices’
Bad guys will keep doing bad things on sanctions, Lloyd’s List Forum told
Rules drawn up by inexperienced regulators risk unintended consequences, audience hears
IMO can resolve owner-charterer impasse, says Shell shipping head
Decarbonisation hinges on whether the IMO delivers a global climate regulation next year, panellists at the Lloyd’s List Outlook Forum agreed
ETS difficulties persist nearly one year on
The EU Emissions Trading System is causing headaches almost a year since its expansion to shipping, with technical and legal issues still to be worked out
Attica results hit by merger costs and ETS compliance
Costs included €14.1m on EU emission allowances in the first nine months of the year
Top 10 flag states 2024
Liberia remained the world’s largest flag state after ending Panama’s 20-year run at the top in 2023. The dethroned registry saw its numbers fall since the previous ranking, likely because of an ongoing cull of dark fleet tankers
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