Law & Regulation
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IMO net zero battle lines reform ahead of MEPC84
Petrostates and Pacific Islands are once again at loggerheads over the IMO’s carbon price plans as official talks inch closer in the shadow of US threats
‘Don’t be that guy’ by ordering Gulf danger voyages, charterers warned
Yes, you probably can enforce performance. But doing so may not be in your best interests
Customs ordered to refund $166bn in tariffs but it can’t comply (yet)
The landmark ruling against IEEPA tariffs has been followed by a flurry of legal action: importers are moving to get IEEPA refunds, US states are fighting against the new Section 122 tariffs, and an appeal against adjustments to Section 301 tariffs is seeking a SCOTUS hearing
‘Massive subsidies’ needed to implement Trump vision of US maritime dominance
Washington lawyer says US president ‘unfazed’ by cost, which he plans to meet from port fees
US grants India general licence for Russian crude imports sparing sanctioned tankers amid Hormuz turmoil
The licence will improve the state of crude oil flows into India, which have been severely choked following the country’s pivot from Russia to the Middle East
Yes to diesel and LNG, no to any carbon tax: US lays out deal terms to IMO
The US has set out its terms for a potential replacement of the Net-Zero Framework, as companies and states defend the carbon price plan
EU rejects ‘protectionist measures’ in maritime strategy
Europe wants to ensure its shipyards are competing on a level-playing field, but the European Commission will seek to do that via investment, rather than protectionism
Shipowners, ports and tech firms urge IMO to adopt NZF
Nearly 90 maritime, port, logistics and green tech firms have urged IMO states to ‘find the strength to vote for the NZF this year’ despite opposition from the US
British accountant who procured ships for Russia taken off UK sanctions list
The UK Foreign, Commonwealth and Development Office has revoked its sanctions against a British accountant who procured ships for Russia’s shadow* fleet
US files for forfeiture of seized VLCC Skipper and its cargo
In a widely anticipated move, the US has filed a complaint seeking a forfeiture in-rem of both the VLCC Skipper and its cargo
Panama, Liberia and Argentina pitch LNG-friendly alternative to Net-Zero Framework with no carbon price
Panama, Liberia and Argentina have pitched an alternative regulation to the Net-Zero Framework that would exclude any fuel from the outset if it costs more than 15% above the price of fuel oil
FuelEU delivering payback for Swedish owners
Shipowners have complained they are not seeing sufficient return on their investments in greener vessels, but there’s evidence that those in the EU are starting to get their reward for moving early
NGOs sue EU Commission over green taxonomy
Green groups are suing the European Commission over the EU Taxonomy’s labelling of fossil-fuelled shipping and aviation as sustainable
US boards another runaway Venezuela tanker in Indian Ocean
US forces boarded another tanker that escaped its shadow fleet ‘quarantine’ in the Caribbean, marking the 10th since boarding of a Venezuela-linked tanker since December
Case closed? Vitol and Tinos I owners end litigation
At least one part of the Tinos I saga — an admiralty suit brought on by its former charterer Vitol — has concluded. But the future of the US-sanctioned, Houston-stranded gas carrier remains unclear
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