The U.S. is spanning a sea bridge over the Atlantic to support Ukraine with crucial equipment in its war against Russia, a senior official said on Friday, as a huge cargo ship at the Belgian port of Antwerp got ready to set sail for Germany.Carol Petsonk, the United States' Assistant Secretary for Aviation and International Affairs
“Until every employee, and every midshipman, and cadet, and every trainee trusts the system and until all allegations are handled properly, abuse will continue to occur, it will continue to go unreported, and people will continue to suffer alone—and that is simply intolerable,” said Lucinda Lessley, Acting Maritime Administrator
Cyber attack attempts are becoming more common at U.S. ports and terminals, according to findings published this week by law firm Jones Walker LLP.The firm publicly released the findings of its 2022 Ports and Terminals Cybersecurity Survey, examining cybersecurity preparedness in U.S.-based ports and terminals.
The Ocean Shipping Reform Act of 2022 (the Act) was signed by President Biden on Thursday, June 16, 2022. The long term fixes, which require Federal Maritime Commission rule-making, establishes additional requirements requiring the FMC to issue rules related to certain fee assessments, prohibited practices, and establishment of a shipping registry, and prohibited conduct for ocean carriers.
A ship financier’s primary security is the mortgaged ship. If the ship becomes a total loss, the mortgage will provide no valuable security, leaving the financier to rely on its rights as assignee and loss payee (and occasionally as co-assured) under the shipowner’s marine insurance policies.
After 27 years’ service as Chief Executive Officer of Shipowners Claims Bureau, Inc. (SCB), the Managers of the American P&I Club, Joe Hughes will stand down from that role on August 1, 2022. Dorothea Ioannou, currently Deputy Chief Operating Officer of SCB, will succeed Hughes as CEO from that date
Oslo-based shipping company MPC Container Ships ASA on Thursday announced it has appointed Moritz Fuhrmann as Chief Financial Officer (CFO) from December 1, 2022. Fuhrmann will succeed the current CFO, Dr. Benjamin Pfeifer, who has resigned his position to pursue new opportunities.
Shipping and asset finance lawyer, Harry Theochari OBE, has been appointed as the new Chair of the Belfast Maritime Consortium.Theochari holds the position of Senior Consultant at global law firm Norton Rose Fulbright LLP. He is also current Chair Emeritus of Maritime UK, Chair of Maritime London, and esteemed member of the Institute of Maritime Law Advisory Board at the University of Southampton
Maritime Partners, LLC, through its managed funds, has agreed to acquire M/G Transport Holdings LLC, from Auxo Investment Partners LLC and its affiliates. Terms of the transaction were not disclosed, and completion of the acquisition is expected in the third quarter of 2022 subject to customary closing conditions, including receipt of regulatory approvals.
KVH Industries, Inc., announced that its Board of Directors has appointed Brent C. Bruun as President and Chief Executive Officer and a member of the Board. The Board also appointed two seasoned industry executives, David Kagan and David Tolley, as directors of KVH.Bruun first joined KVH in 2008 and has served as KVH’s Interim President and Chief Executive Officer since March 2022.
HAL Holding, which on March 10 announced plans to launch a takeover offer for the Dutch marine services and dredging giant Boskalis' all remaining shares, said Thursday it was making good progress with the offer preparation.The company had said in March it planned to launch an all-cash voluntary public offer of €32.50 per share for all issued and outstandingordinary shares of Boskalis. HAL had 46.
Global law firm K&L Gates LLP has added Felisa Sanchez as of counsel in the maritime and finance practices. She joins the firm’s Houston office from Foley & Lardner LLP.Sanchez focuses her practice on a wide variety of corporate, finance, and commercial matters for domestic and international clients in the financial services, maritime, transportation, and energy sectors.