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Law, Rule, Prosecution

Emissions concerns drive innovation in the deep-well pump market

The hydraulic-powered deep-well pump is a firm favourite among tanker owners, but the need to optimise energy efficiency is driving the transition towards an electric-powered alternative The engineering design of the hydraulic deep-well pump is...

U.S. imposes fresh Iran-related sanctions on two people, six companies

The United States on Thursday said it blacklisted two companies based in Hong Kong, one in Shanghai and one in Dubai for helping Iran’s state-owned National Iranian Oil Company (NIOC) export millions of dollars...

Lawsuit Filed After Deadly Tanker Collision Near Galveston

The owners of the MT Odfjell Bow Fortune, the 600-foot tanker that collided with a fishing vessel near Galveston, Texas on January 14, has asked a Federal court to absolve them of all financial liability associated...

U.N. envoy hopes for, but cannot predict, speedy reopening of Libya oil ports

U.N. cannot predict, speedy reopening of Libya oil ports BERLIN/ZUEITINA, Libya (Reuters) - The United Nations envoy to Libya said on Saturday he hoped but “could not predict” whether eastern oil ports shut ahead of...

German government sets aside $50 billion for phase out of coal-fired power stations

Germany’s federal government and the four German states where lignite – or brown coal – is mined have agreed to “a way forward” for the phase out of coal-fired power stations in the country. In...

Brazil prosecutors threaten to revive $37 billion lawsuit over Samarco delays: source

Brazil’s federal prosecutors’ office has threatened to revive a 155 billion reais ($37 billion) lawsuit against Vale SA and BHP Group, citing delays in helping survivors of a deadly dam burst at their Samarco...

Merkel, state leaders agree terms of brown coal exit: document

Germany has reached an agreement with the regions most affected by a plan to phase out the use of brown coal, or lignite, for its power plants by providing about 40 billion euros ($45...

Factbox: How China tariffs on U.S. commodities, energy stand after Phase 1 trade deal

China and the United States have agreed to terms of a Phase 1 trade deal on Jan 15 but Beijing has not reduced or waived tariffs on any commodities or energy further. A senior Trump...

Attempt to Avoid Personal Guarantees for Ship Finance Loans Fails

Earlier this year, the High Court ruled in HSBC Bank Plc v Pearl Corp & Ors. EWHC 231 (Comm) that HSBC Bank PLC could enforce its claim for USD 9 million against the...

China approves tax waiver for cleaner ship fuel exports, but may limit shipments: sources

China has approved a long-awaited tax waiver on exports of cleaner ship fuel, paving the way for refiners to boost output, though Beijing may initially limit shipments to focus on growing its coastal marine...