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’

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

The Premier Alliance of ONE, HMM and Yang Ming, is set to start in February 2025 and operate for five years

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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

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

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

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

Even now, most shipping contracts specify dispute resolution under English law, but the US and Asia are also home to thriving shipping law firms

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‘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’

Rules drawn up by inexperienced regulators risk unintended consequences, audience hears

Decarbonisation hinges on whether the IMO delivers a global climate regulation next year, panellists at the Lloyd’s List Outlook Forum agreed

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

Costs included €14.1m on EU emission allowances in the first nine months of the year

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