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Haynes Boone

Shipping and Energy Newsletter - Winter Edition 2025

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Law of Shipbuilding Contracts Update 2025: It has been five years since the publication of the Law of Shipbuilding Contracts. We are therefore pleased to share our 2025 Update. Written by William Cecil, Fiona Cain and Jack...more

Hogan Lovells

Closing the Door on the Mackay v Dick Principle but Opening the Door to a Duty of Cooperation in English Law? - King Crude...

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In the recent case of King Crude Carriers SA & Ors v Ridgebury November LLC & Ors the UK Supreme Court focuses on an esoteric point of law as to the true meaning of a case called Mackay v Dick, decided in 1818, in Scotland....more

Haynes Boone

Law of Shipbuilding Contracts Update 2025

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The fifth edition of The Law of Shipbuilding Contracts was published in 2020. Since then, we have continued to monitor the cases that directly relate to the law of shipbuilding contracts and those in the context of...more

Weber Gallagher Simpson Stapleton Fires &...

Navigating Liability Under the Oil Pollution Act of 1990 (OPA 90): How Being a Responsible Party Impacts Your Business

Key Takeaways from OPA 90 for Property Owners, Businesses, and Insurance Companies - 1. What is OPA 90? OPA 90 establishes a federal framework for oil spill liability and cleanup, ensuring prompt removal and compensation for...more

A&O Shearman

Seaworthy Means Seaworthy: A Reminder About Implied Terms

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The High Court has given a useful reminder of how stringent the test for implying a term into a contract is. On the facts, a promise that a yacht was seaworthy meant exactly that, even if the underlying fault started earlier....more

Holland & Knight LLP

Navigating Maritime Drug Enforcement: Implications for Commercial Shipping and Cargo Security

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The global maritime industry is experiencing a period of heightened regulatory scrutiny as U.S. enforcement agencies intensify their response to record drug trafficking levels. As traffickers shift their strategy to target...more

Carlton Fields

Second Circuit Affirms $54 Million Jury Award in Favor of Insured After Insurers Deny Claim for Venezuela Oil Cargo Loss

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In Citgo Petroleum Corp. v. Ascot Underwriting Ltd., the Second Circuit Court of Appeals affirmed a $54 million jury award in favor of Citgo after agreeing with the lower court’s finding that Venezuela’s political conditions...more

WilmerHale

Fishing in Uncharted Waters: The First Ever Arbitral Award Under the EU-UK Trade and Cooperation Agreement

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In 2016, a fleet of fishing boats flying anti-European Union (EU) banners sailed up the River Thames. The Brexit campaign and its ‘take back control’ slogan both fed off and further fuelled the belief that the British fishing...more

Fuerst Ittleman David & Joseph

Undock That Appeal—The Federal Arbitration Act Doesn’t Apply to Workers Engaged in Interstate Commerce

The Federal Arbitration Act, 9 U.S.C. §§ 1-16 (the “FAA”), broadly construes arbitration clauses in contracts “evidencing a transaction involving commerce.” 9 U.S.C. § 2. See Citizens Bank v. Alafabco, Inc., 539 U.S. 52, 56...more

Seward & Kissel LLP

As Somali Piracy Reemerges, a 2010 Executive Order on Ransom Payments Has Renewed Importance

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In recent weeks, Somali pirates have attacked and seized a number of vessels in the waters off the Somali coast. Most notably, the Hellas Aphrodite, a Malta-flagged vessel, was seized by Somali pirates on November 6, 2025 and...more

Mayer Brown

Russia/Ukraine Sanctions Update - Month of November 2025

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I. U.S. SANCTIONS - U.S. Department of the Treasury Imposes $4.7 Million Penalty on Real Estate Investor for Dealing in Russian Blocked Property: On November 24, the U.S. Department of the Treasury’s Office of Foreign...more

King & Spalding

Impacts of Postponed IMO Vote on Global Carbon Pricing Rules on Shipping

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On October 17, 2025, the International Maritime Organization (“IMO”) voted to delay, for 12 months, its long-awaited decision on adoption of rules to decarbonise international shipping. A new vote on the so-called IMO...more

Mayer Brown

Government issues ordinance about long-term cabotage contracts

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On November 12, 2025, the Brazilian Ministry of Ports and Airports (“MPOR”) published Ordinance No. 663/2025 (the “Ordinance”). The Ordinance establishes the essential clauses of long-term transportation contracts for the...more

K&L Gates LLP

AUKUS and the AMC: Summary of Key State and Federal Government Announcements

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A series of major AUKUS, Australian Marine Complex (AMC), and defence-related publications and announcements have emerged that are set to significantly shape the future of defence in Western Australia....more

Mayer Brown

UK Weekly Sanctions Update - Week of November 10, 2025

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In this weekly update, we summarise the most notable updates in the UK sanctions world. ...more

Skadden, Arps, Slate, Meagher & Flom LLP

EU Adopts 19th Russia Sanctions Package Alongside New Sanctions Being Imposed by US and UK

On 23 October 2025, the European Union (EU) adopted its 19th package of sanctions against Russia, imposing asset freeze restrictions against 64 individuals and entities, and introducing extensive sectoral sanctions to put...more

Holland & Knight LLP

USTR Port Fee Suspension: What You Need to Know

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The United States Trade Representative (USTR) announced that effective Nov. 10, 2025, the U.S. will suspend for one year the implementation of actions taken against China pursuant to Section 301 of the Trade Act of 1974. The...more

Fishman Haygood LLP

SDNY Finds Evidence that Law Firm Was Used to Advance Fraud on Arbitration Panel, Traversing Privilege Under Crime-Fraud Exception

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The Hon. Lewis J. Leman of the Southern District of New York recently reaffirmed the court’s finding that there was probable cause to believe that the plaintiff in Eletson Holdings v. Levona Holdings committed fraud by...more

Lowenstein Sandler LLP

Ambiguities Bite Back: Second Circuit Reaffirms Commitment to Construing Ambiguous Terms in Favor of Coverage

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The Second Circuit’s recent decision affirming a $54.2 million recovery for CITGO signals the judiciary’s renewed commitment to a bedrock principle of insurance law: Ambiguous policy language must be construed in favor of...more

Baker Botts L.L.P.

Trump Tariff Tracker – November 7

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Following the trade agreement reached between the U.S. and China that was announced at the end of October, this week, the Trump Administration took a number of measures to implement commitments made in the agreement....more

Hughes Hubbard & Reed LLP

US Sanctions in a Snap: Developments In Sanctions - October 2025

Hughes Hubbard’s “Sanctions in a Snap” is intended to provide a clear and concise summary of recent developments from the Office of Foreign Assets Control (OFAC). We hope you find it helpful in assessing U.S. economic...more

Husch Blackwell LLP

Second Circuit Affirms $54 Million Judgment for Loss "Arising From" Insurrection

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In CITGO Petroleum v. Ascot Underwriting Limited, et al., Case No. 24-227 (2d Cir. 2025), the U.S. Court of Appeals for the Second Circuit recently affirmed a $54.2 million judgment (plus interest) in favor of CITGO Petroleum...more

Perkins Coie

The Latest in the Race for Deep-Sea Minerals

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On October 28, 2025, the National Oceanic and Atmospheric Administration (NOAA) sent a draft rule to the Office of Management and Budget’s Office of Information and Regulatory Affairs that would streamline the NOAA permitting...more

Haynes Boone

Ship Sale and Purchase: A Buyer’s Right to Damages for Loss of Bargain Under SALEFORM 2012

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The Court of Appeal has overturned the Commercial Court’s decision in Orion Shipping v Great Asia Maritime [2025] , clarifying that where a seller fails to use due or reasonable diligence to deliver a vessel by the cancelling...more

Goldberg Segalla

Shipping’s Climate Future on Hold: IMO Vote Delayed to 2026

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Member states of the International Maritime Organization (IMO) voted on Oct. 17 to delay the adoption of a comprehensive plan to decarbonize the global shipping industry. The decision came in response to threats of sanctions...more

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