In January 2019, the Kingdom of Saudi Arabia (the Kingdom) introduced, for the first time, a bespoke Commercial Maritime Law issued pursuant to Royal Decree no. M/33 dated 5 Rabi’ II 1440H and published it in the Official Gazette on Friday, 4 January 2…
What do Saudi Arabia’s moves in maritime law mean? Read More »
De-harmonisation Initially, the IMO aligned the date for compliance with the BWMS requirements set out in Regulation D-2 with the renewal of the International Oil Pollution Prevention (the IOPP) certification. To extend the compliance deadline up to 20…
Ballast Water Management Systems: Time-Line For Compliance Read More »
The Commercial Court dismissed a shipowners’ claim for hire exceeding USD 4.5 million for the period that the vessel ‘Eleni P’ was seized and detained by Somali pirates in the Arabian sea. In this decision the court applied fundamenta…
Hire Suspended for Vessel Seized by Pirates Read More »
Is terrorism the new norm for shipping? THE STORY On the 13/06/2019, two oil tankers were victim to what has been described as “sabotage” attacks in the Gulf of Oman, leaving one ablaze and both adrift. Following, a similar incident involving four tank…
Shipping at the spotlight of terrorism Read More »
The Poseidon Principles launched on the 18 June 2019, with founding signatories including Citi, DNB, Societe Generale, ABN Amro, Amsterdam Trade Bank, Credit Agricole CIB, Danish Ship Finance, Danske Bank, DVB, ING and Nordea. Together they have a comb…
The Poseidon Princples: Will They Affect Me? Read More »