Mainbrace: October 2015, No. 4

Blank Rome LLP

As with the world economy, the shipping markets are currently experiencing a major bout of volatility. The wide range of matters we are handling in our maritime law practice certainly reflects the current swings the shipping industry is seeing. Just a few examples below help paint the full picture.

One leading story over the past few months has been the significant adjustment in our relationship with Cuba. In one of our recent client alerts, New Regulations Further Ease Maritime Transport and Travel Restrictions on Cuba, we highlighted the new regulations announced by the U.S. government on September 20, 2015, which will ease maritime transport and travel restrictions on Cuba. Cruise lines in particular have been immediate beneficiaries of these changes, and we expect the opening with Cuba to expand trade opportunities for shipping companies. This development is certainly a positive one for shipping.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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