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Read need-to-know updates, commentary, and analysis on Maritime issues written by leading professionals.
Pillsbury - Policyholder Pulse blog

Red Sea Dangers: Increasing Insurance Premiums and Introducing Coverage Exclusions for Vessels Transiting the Red Sea

Yemeni-based Houthi forces have attacked more than two dozen vessels transiting the Red Sea since the October 7, 2023, start of the current Israel-Hamas conflict, leading to a surge in marine war insurance premiums. Houthi...more

Holland & Knight LLP

U.S. Supreme Court Rules on Choice-of-Law Provisions in Marine Insurance Contracts

Holland & Knight LLP on

In a 9-0 decision, the U.S. Supreme Court held on February 21, 2024, that choice-of-law clauses in marine insurance contracts are presumptively enforceable under federal maritime law. These clauses should be enforced unless...more

Adams and Reese LLP

“Raiders of the Lost Ark”: SCOTUS Sides with Great Lakes, Reverses Raiders’ Win in Maritime Case

Adams and Reese LLP on

Under Federal Admiralty Law, Choice-of-Law Provisions in Maritime Contracts are Presumptively Enforceable - A battle between federal maritime law and state insurance rules was decided today by the highest court when the...more

Seward & Kissel LLP

Jones Act: Determining U.S. Citizenship of Public Companies

Seward & Kissel LLP on

The Merchant Marine Act of 1920, commonly known as the “Jones Act” requires that any vessel engaged in the U.S. coastwise trade be owned and operated by U.S. citizens. To qualify as a U.S. citizen under the Jones Act an...more

Obermayer Rebmann Maxwell & Hippel LLP

Supreme Court Stands Ready to Send Chevron to Sleep with the Fishes

On January 17, 2024, the Supreme Court of the United States heard oral argument in two cases challenging the continued validity of the Chevron doctrine. The two cases – Loper Bright Enterprises, Inc. v. Raimondo and...more

Venable LLP

Freight Forwarders and Common Carriers: As You Look Ahead to 2024, Do You "Know Your Cargo"?

Venable LLP on

As federal regulators have recently made clear, steamship lines, non-vessel-operating common carriers, indirect air carriers, freight forwarders, and others involved in the global movement of cargo must ensure that their...more

Seward & Kissel LLP

OFAC Sanctions UAE-Based Shipping Company and Eighteen of its Vessels in Connection with Violations of the Russian Price Cap...

Seward & Kissel LLP on

On January 18, 2024, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced the imposition of sanctions against a United Arab Emirates-based shipping company, Hennesea Holdings Limited (“Hennesea”)...more


FMC Final Rule Updates Shipping Rate Regulation

Benesch on

The Federal Maritime Commission (“FMC”) issued a Final Rule in FMC Docket No. 21-03 amending its Carrier Automated Tariffs regulations under 46 CFR Part 520, effective on February 1, 2024. (89 FR 25). The amendments aim to...more

Holland & Knight LLP

Maritime Outlook: 5 U.S. Maritime Issues to Watch in 2024

Holland & Knight LLP on

The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails. – William Arthur Ward The U.S. maritime industry is much like a great ship: It is subject to unforeseen forces, and it...more

Husch Blackwell LLP

FMC Allows Rate Hikes for Carriers in Response to Red Sea Hostilities

Husch Blackwell LLP on

The Federal Maritime Commission (FMC) has granted special permission to ocean carriers to immediately increase the rates on containers that are being rerouted around the Cape of Good Hope in Africa or are retaining feeder...more

Husch Blackwell LLP

The Application of Force Majeure Provisions to Shipping Disputes

Husch Blackwell LLP on

Force majeure contract provisions are potentially coming into play as Maersk, Hapag-Lloyd, and other ocean carriers divert ships around geopolitical trouble spots in the Red Sea. Beginning in mid-November 2023, container...more

Locke Lord LLP

OFAC Targets Maritime ‎Companies & ‎Vessels for ‎Violating ‎Russian ‎Oil Price Cap & ‎Issues Related ‎General Licenses

Locke Lord LLP on

On December 20, 2023, the U.S. Department of the Treasury’s Office of Foreign Assets Control ‎‎(“OFAC”) issued General Licenses (“GL”) 81 and GL 82 under the‎ Russian Harmful Foreign Activities ‎Sanctions Regulations, 31 CFR...more

Husch Blackwell LLP

New Federal Maritime Commission Rules Introduce Significant Changes for Carriers and Shippers

Husch Blackwell LLP on

The Federal Maritime Commission’s (FMC) newly revised tariff regulations will be effective February 1, 2024. These rule changes will somewhat significantly change day-to-day practices for both vessel operating common carriers...more

Seward & Kissel LLP

The European Union Emissions Trading System is on the horizon for the maritime transportation sector

Seward & Kissel LLP on

The European Union Emissions Trading System (EU ETS) is coming into effect for the maritime transportation sector on January 1, 2024. Here’s what that means. Background - The EU ETS launched in 2005 and on May 10, 2023...more

Alston & Bird

Recourse Under International Law for Companies Impacted by the Red Sea Attacks and Other Recent Events in Yemen

Alston & Bird on

Our International Arbitration Team breaks down the legal implications of the Houthi attacks on commercial shipping through the Red Sea near Yemen....more

The Volkov Law Group

Biden Administration Issues New Guidance for Freight Forwarders

The Volkov Law Group on

New guidance from the Biden Administration mandates that freight forwarders are responsible for complying with trade sanctions and export compliance. On December 11, 2023, the Biden Administration released a 10-page sanctions...more

K&L Gates LLP

US Government Highlights Sanctions and Export Control Obligations to Improve Compliance and Prevent Evasion

K&L Gates LLP on

Driven by concerns around increasing sanctions evasion activities by Russia, China, Iran and North Korea, the US Government is stepping up enforcement and warning companies in the extended cargo and shipping supply chain to...more

Seward & Kissel LLP

“Quint-Seal” Compliance Note Highlights Intensifying U.S. Government Enforcement of Sanctions and Export Control Laws in the...

Seward & Kissel LLP on

On December 12, 2023, the Department of Justice (DOJ), Department of Commerce’s Bureau of Industry and Security (BIS), Department of Homeland Security’s Homeland Security Investigations (HSI), the Department of State’s...more

Vedder Price

Global Transportation Finance Newsletter December 2023

Vedder Price on

GIFT City: A Gift for Aircraft Lessors? Gujarat International Finance Tec-City (GIFT City) was established in 2007 as India’s first operational smart city and an emerging global financial and IT services hub located in...more

Whitcomb Selinsky, PC

The Importance of ITAR Compliance in International Shipping

Whitcomb Selinsky, PC on

Introduction The recent lawsuit between the Rang Dong Joint Stock Company and logistics companies J.F. Hillebrand USA, Inc. and Blue Eagle Consolidation Services sheds light on the crucial role of contractual agreements and...more

Vedder Price

Get Ready! EU Emissions Trading System Expands to Cover Maritime Sector; Effective January 1, 2024

Vedder Price on

Under the European Climate Law, European Union (EU) Member States are working collectively to reach net zero – cutting greenhouse gas emissions as close to zero as possible – by 2050. As a first milestone, the EU is aiming to...more

Akin Gump Strauss Hauer & Feld LLP

Lawmakers Advance Artificial Intelligence Provisions in Must-Pass Defense Bill

On December 7, 2023, House and Senate Armed Services committee leaders unveiled their conference report for the fiscal year (FY) 2024 must-pass defense authorization bill, which contains a number of artificial intelligence...more

Seward & Kissel LLP

OFAC Sanctions Three Vessels and their Designated Owners for Violations of the Russian Price Cap Policy

Seward & Kissel LLP on

On December 1, 2023, the U.S. Department of the Treasury’s Office of Foreign Assets control (OFAC) announced the imposition of sanctions on three entities and identified as blocked property three vessels that used Price Cap...more

Holland & Knight LLP

The Safer Seas Act: The New Wave of Compliance Obligations

Holland & Knight LLP on

The U.S. maritime industry is steeped in tradition and sometimes takes a conservative approach to change. Even when the industry has protocols in place to ensure safety of mariners, in some cases it takes an act of...more

Seward & Kissel LLP

What is the US Tanker Security Program (TSP)?

Seward & Kissel LLP on

On October 17, 2023, the U.S. Department of Transportation, Maritime Administration (MARAD) announced full enrollment of vessels in the Maritime Security Program (MSP) and its sister program, the Tanker Security Program...more

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Updated: Dec 28, 2021:

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Privacy Officer
JD Supra, LLC
150 Harbor Drive, #2760
Sausalito, CA 94965

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Privacy Officer
JD Supra, LLC
150 Harbor Drive, #2760
Sausalito, CA 94965

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