• 2024 June 2 10:27

    FMC: Compromise agreements yield over $2.3 million in penalties and changes to business practices

    The Federal Maritime Commission has entered into compromise agreements with three different companies resulting in the collection of more than $2.3 million in civil penalty payments, and commitments by each company to reform specific business practices, FMC reported.

    The agreements are the result of investigations by the Commission’s Bureau of Enforcement, Investigations, and Compliance (BEIC).

    CMA-CGM, S.A. (CMA-CGM), an ocean common carrier, paid $1,975,000 to resolve allegations that it overbroadly defined and applied its definition of merchant in a bill of lading to demand payment from a third party who should not have been billed. CMA-CGM has terminated this practice and ensures future compliance by amending its U.S. tariff rules to limit the definition of merchant in its bills of lading to shippers, consignees, and persons with a beneficial interest in the cargo as defined by Commission regulations at 46 C.F.R. § 515.2(b). CMA-CGM agreed that, in addition to paying civil penalties, it will also furnish restitution to impacted third parties in the form of refunds and waivers. The agreement includes CMA-CGM’s stated commitment to comply with the Demurrage and Detention Billing Rule (46 C.F.R. Part 541) upon the rule’s effective date of May 28, 2024.

    Vanguard Logistics Services (USA), Inc. (Vanguard), an ocean transportation intermediary (OTI), paid $175,000 to resolve allegations that it knowingly and willfully accepted cargo from, or transported cargo for, the accounts of OTIs that did not have bonds, insurance, or other sureties as required by law. Vanguard has agreed to undertake an audit of its internal practices and procedures and will provide quarterly updates to BEIC on the progress of the audit as well as a report of remedial actions it takes in response to the audit’s findings.

    Shipco Transport, Inc. (Shipco), an OTI, paid $155,000 to resolve three allegations of misconduct. First, that it knowingly and willfully accepted cargo from or transported cargo for the accounts of OTIs that did not have bonds, insurance, or other sureties as required by law. Second, that it allowed an unlicensed OTI to obtain transportation for property at less than the rates or charges that would otherwise be applicable. Third, that it allowed another OTI to obtain transportation for property at less than the rates or charges that would otherwise be applicable by providing access to service contracts of an ocean common carrier to which the OTI was not a signatory.

    Both Vanguard and Shipco have agreed in their respective compromise agreements to fully cooperate with BEIC in any future investigatory or enforcement efforts.

    Compromise agreements are reached prior to the Commission initiating formal enforcement actions. The three companies did not admit to any violations of the law.

    Penalty payments are deposited into the General Fund of the United States. The Federal Maritime Commission receives no portion from any financial penalties collected.


2024 July 3

18:00 Euronav NV announces name change from Euronav NV to CMB.TECH NV
17:18 DOF Group has entered into an agreement to acquire Maersk Supply Service
16:47 Vitol invests in future of LNG bunkering by securing three LNG bunkering vessels
16:25 CEVA Logistics and Bolloré Logistics to move forward under one unified brand—CEVA Logistics
15:50 MOL Group launches "Low Carbon and New Energies" organization within its Exploration and Production Division
15:24 TotalEnergies to partner with SLB for a more sustainable energy
14:41 Cargotec updates its reporting structure due to the demerger, effective from 30 June 2024
14:24 CNC and COSCO sign vessel sharing agreement for CP8 service
13:41 HHLA opens hydrogen test field in the Port of Hamburg
13:06 LR signs MoU with H2Terminals and partners on UK green hydrogen
12:43 SFL orders LNG-powered containerships in China
12:21 Wartsila Lifecycle Agreement will ensure optimal Exhaust Gas Cleaning System efficiency for two Nautica vessels
11:50 HMM starts to demonstrate OCCS for vessles
11:20 Wartsila ammonia fuel supply and cargo handling systems selected for two more EXMAR vessels at Hyundai Mipo Dockyards
10:45 Purus and Bluewater form an alliance fo Clean Energy FSO Solutions
10:08 ACCIONA, Jan de Nul and Grupo Bertolín awarded Valencia Port expansion works
09:41 Maersk CEO Vincent Clerc speaks to ‘massive impact’ of the Red Sea situation on global supply chains

2024 July 2

18:04 Shipping ‘tonne-miles’ leap most since 2010 after Red Sea attacks
17:21 Shell to temporarily pause on-site construction of European biofuels facility
17:01 Maritime Partners acquires e1 Marine
16:46 S. Korea to invest US$1.44 billion for smart, clean energy projects for ships
15:54 RINA grants AiP to SDARI as the ship designer for an innovative Aframax tanker
15:33 ClassNK issues approval in principle for hydrogen-fueled engine compatible oil tanker
14:57 Consort Bunkers, ClassNK, Yanmar, and Taiko accelerate towards Alternative Fuel Bunkering with new MOU
14:41 Baltic Shipyard starts building the 22770 series multipurpose nuclear service vessel
13:52 Wilson confirms eight more vessels and extends newbuilding programme to 14 vessels
13:13 Samskip and Matrans announced the launch of a new terminal and future hub in Rotterdam
12:47 Technomar Shipping receives RINA Cyber Security Certificate
12:23 Chinese ports container volume rises 10 % in first five months 2024
11:58 MOL signs Japan's 1st sustainability-linked lease agreement
11:38 Global schedule reliability increases to highest YTD level
10:42 Stena Line lays the keel for Stena Futura – the first of its NewMax ships
10:09 Daphne Technology's innovative SlipPure system receives Lloyd's Register approval in principle for its Plasma-Catalytic technology
09:46 Yara Clean Ammonia, Scatec, ECHEM and MOPCO sign Heads of Terms for renewable ammonia offtake agreement in Egypt

2024 July 1

18:02 Soiltech signs contract with Petrogas
17:26 Daphne Technology’s SlipPure achieves Lloyd’s Register Approval in Principle for innovative Plasma-Catalysis System with Proven Performance Results
16:38 Trafigura completes first ship-to-ship transfer of ammonia
16:20 Hapag-Lloyd's Terminal and Infrastructure division to adopt a new brand name
15:46 Jan De Nul Group deploys its cable-laying vessel to install about 90km of subsea cable in Taiwan
15:20 Kongsberg Maritime introduces first underwater mountable thruster with permanent magnet motor
14:42 HD Hyundai, Hanwha, Samsung face intensifying disputes with shipyard workers
14:13 China starts regular sea ice forecasts for Northeast Passage off Russian coast
13:46 ADNOC expands LNG carrier fleet with up to $2.5 bln strategic investment
13:20 MPS lifts standards of safety and efficiency at Tema Port with cutting-edge simulator
12:43 Arctic HFO ban comes into force
11:32 China completes its largest LNG storage base
11:21 SITC holds naming & delivery ceremony for M/V “SITC MINHE”
10:48 Sohar Port and Freezone launchrs Sohar Emergency Response Organization

2024 June 30

16:53 Tallink Grupp’s upgraded vessel Baltic Queen sees energy efficiency increased and emissions cut by 13%
15:43 Wallenius Wilhelmsen signs multi-year contract with leading industrial equipment manufacturer
14:31 LR: Gas carrier owners capture carbon opportunities
13:48 DEME expands green hydrogen portfolio with HYPORT production facility in Egypt
11:55 Planting of the maypole heralds next phase for De Lediaan in Diegem, Belgium
10:12 Sea-Intelligence: US inventories data gave no warning of rate spike
09:55 Liberty Lines commissions its hybrid fast ferry Vittorio Morace

2024 June 29

16:44 ClassNK grants its first software security certifications for Solverminds' ship management solutions
15:33 European Commission approves EIT"s KIC launch in 2025
15:29 Mammoet implements Project Elevate
13:27 Stena RoRo orders new multi-fuel E-Flexer RoPax duo
11:49 Italian flagged floating LNG terminal Golar Tundra renamed as Italis LNG
10:07 New DNV survey highlights oil and gas sector paradox

2024 June 28

18:00 Well Services secures extension of frame agreement with Equinor in the North Sea
17:24 DOF Group awarded long-term FSV contract
16:57 Attica Group invests in green transition and fleet renewal
16:37 Amogy and Mitsubishi Shipbuilding complete a feasibility study of ammonia supply system for ammonia-powered maritime solution
15:51 South America's first MoorMaster system to be inaugurated at DP World San Antonio, Chile
15:24 BP imposes hiring freeze and halts new offshore wind projects
14:56 RINA joins the Brazilian Hydrogen Association - ABH2
14:23 First onshore power supply system in Vuosaari Harbour introduced
14:01 MABUX: Bunker Outlook, Week 26, 2024