News & Analysis as of

Maritime Transport European Union

Latham & Watkins LLP

International Tribunal on the Law of the Sea Issues Landmark Advisory Opinion on Climate Change

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The Tribunal confirmed that States party to UNCLOS must take measures to prevent marine pollution caused by climate change, on top of their obligations under the Paris Agreement. On 9 April 2024, the International...more

Mayer Brown

Europe Daily News, 13 March 2024

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COMPETITION - Prior notification of a concentration (Case M.11465 - Silver Lake / Australiansuper / Digitalbridge / Vantage Emea) - Commission clears acquisition of Cotiviti by KKR and Veritas (M.11454) - Midday...more

Seward & Kissel LLP

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

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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

K&L Gates LLP

Fit For 55 Package: EU Revises The EU Emissions Trading System And Establishes a New Carbon Border Adjustment Mechanism

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In the last couple of years, the European Union has announced and adopted a wave of sustainability initiatives that will have significant implications for European and global companies across all industries. Among other...more

Eversheds Sutherland (US) LLP

Services ban and EU import ban come into effect for seaborne Russian petroleum products

On February 5, 2023, the G7 announced that the “price cap” on western-backed seaborne trades of Russian-origin petroleum products to third countries would be set at $45 per barrel ($45/bbl) for Discount to Crude petroleum...more

Holland & Knight LLP

OFAC Updates U.S. Oil Price Cap Policy Against Russia

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As an update to an earlier Holland & Knight alert on the same topic, the U.S. Department of the Treasury Office of Foreign Asset Control (OFAC) has published another determination pursuant to Executive Order 14071 expanding...more

Dechert LLP

Russia Sanctions: Where Are We Now and What Could Be Next?

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Since February 2022, the United States, United Kingdom, and European Union have imposed unprecedented economic sanctions on Russia and various Russian entities and individuals in response to the war in Ukraine. Actions have...more

Orrick, Herrington & Sutcliffe LLP

U.S., EU, and UK Price Cap Sanctions Prohibiting Services for Maritime Transport of Russian Oil

Effective December 5, 2022, a coalition of G7 countries, Australia, and the European Union have generally forbidden service providers to provide certain services relating to the maritime transport of Russia-origin crude oil...more

Morgan Lewis

Update: EU Introduces Its 8th Wide-Ranging Sanctions Package Against Russia

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The European Union adopted its 8th sanctions package of restrictive measures against Russia on 6 October 2022 in response to the ongoing conflict in Ukraine. ...more

Eversheds Sutherland (US) LLP

OFAC issues guidance on maritime services price cap for seaborne Russian oil

​​​​​​​As a follow up to our alert of September 7th regarding the G7 proposal to implement a price cap with respect to seaborne Russian-origin crude oil and petroleum products, the Office of Foreign Assets Control (OFAC)...more

Vinson & Elkins LLP

Carbon Taxes in the Shipping Industry—Assessing Japan’s Proposal

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There are growing calls for a carbon tax on shipping emissions. Jim Loftis, Ciara Ros and Tatiana Freeman of Vinson & Elkins look at the recent proposal from Japan for a global carbon tax, assess it in the context of the...more

Akin Gump Strauss Hauer & Feld LLP

Developments in Emissions Trading in the U.K. and EU

As the delegates of the 26th Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC) (COP26) return from two hard weeks in Glasgow, significant progress has been made on establishing...more

Vinson & Elkins LLP

The Poseidon Principles: Shipping Emissions Reduction Efforts Steer Into New Waters

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In June 2018, the International Maritime Organization (“IMO”) announced the adoption of an initial strategy to reduce total greenhouse gas (“GHG”) emissions attributable to the international shipping sector by at least 50% by...more

Society of Corporate Compliance and Ethics...

European Commission Green Deal includes maritime in emissions trading system

Report on Supply Chain Compliance 3, no. 1 (January 9, 2020) - European Commission President Ursula von der Leyen unveiled the new Green Deal on Dec. 11, including a formal intention to include maritime shipping in the...more

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights - May 2019 #2

New Sulfur Caps for Shipping Fuels Will Help Make the Shale Boom Even Bigger "Now the shale revolution will help shippers across the world comply with the International Maritime Organization's 2020 standards, called "IMO...more

Holland & Knight LLP

Blockchain Uses in Transportation

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Blockchain technology is most well-known for its use with cryptocurrencies, however, it has wider potential applications in other sectors beyond that of banking and financial services. It is being evaluated for uses in the...more

BCLP

Whistleblower saves €200million by reporting cartel

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On the 21st of February 2018, the European Commission announced that it had fined maritime carriers a total of €395 for participation in a cartel concerning the intercontinental maritime transport of vehicles. To...more

King & Spalding

Energy Newsletter - January 2017

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LNG in Europe 2016/2017: An Overview of LNG Import Terminals in Europe - The increase in the supply of LNG to Europe in 2015 and the first half of 2016 was led by the UK and Italy, with other significant increases in...more

Holland & Knight LLP

Boletín Mensual de Comercio Internacional: Diciembre - Información con Énfasis en la Regulación Comercial y el Arbitraje...

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Durante el mes de diciembre destacan los siguientes temas: Prácticas Desleales, Competencia Económica, Acceso, Comercio, Aduanero, Propiedad Intelectual, Inversión, Solución de Diferencias, Arbitraje....more

K&L Gates LLP

Developments in EU Transport Law - December 2013

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Air - European Commission updates the European safety list of banned airlines - The European Commission has updated for the 22nd time the European list of air lines subject to an operating ban or operational restrictions...more

McDermott Will & Emery

Maritime Transport Subject to EU General Competition Law Guidelines From 26 September 2013

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Up until 18 September 2006, maritime transport services were exempt from the EU competition rules in respect of liner conferences. In addition, cabotage and international tramp vessel services were exempt from the...more

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