Search results for: charges

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  • 25 January 2017
    Business & Finance

    One of the former heads from Daewoo Shipbuilding & Marine Engineering (DSME), Nam Sang-tae, was additionally charged with breach of trust and bribery which caused large losses at the shipyard, Yonhap News Agency cited prosecutors. Namely, the 66-year-old former President and CEO was accused of making some KRW 26.3 billion in losses for the shipbuilder through business arrangements with […]

  • 8 June 2016

    Maryland prosecutors have indicted a former executive of Chilean shipping company Compañia Sudamericana de Vapores S.A. (CSAV) for his participation in a conspiracy to restrain trade in international RORO cargo shipping to and from the Port of Baltimore, the US Department of Justice said on Tuesday. Namely, Mauricio Javier Garrido Garcia (Garrido) is charged with allocating customers and […]

  • 20 November 2017
    Business & Finance

    Singapore’s bunkering company, and three of its executives, have been charged with cheating and criminal breach as part of the country’s strict measures on deliveries of bunkering fuel. The company, Vermont Bunkering, its directors Poh Fu Tek and Koh Seng Lee, and the former bunker manager Lee Kok Leong, were charged on November 16, 2017, […]

  • 4 November 2014
    Business & Finance

    Member shipping lines in the Transpacific Stabilization Agreement (TSA)’s westbound section have recommended a quarterly low-sulfur charge of USD 47 per 40-foot container (FEU) and USD 38 per 20-foot container (TEU) from the U.S. West Coast, and USD 95 per FEU and USD 76 per TEU from the East and Gulf Coasts, effective January 1. U.S. […]

  • 8 March 2005

    GULFPORT – Edison Chouest Offshore, an offshore vessel service company, hopes within two weeks to exercise an option to buy the old Halter Marine property. Bill Hessell, interim director of the Harrison County Development Commission, said Monday that the company plans to open a subsidiary operation, North American Gulfport, which would build offshore service vessels […]

  • 20 September 2017
    Business & Finance

    Finnish technology group Wärtsilä has tested its automatic wireless induction charging system on a hybrid-powered coastal ferry. “This is the first commercial ferry in the world operating with high power wireless charging capability for its batteries, and the successful project represents a notable breakthrough in the evolution of plug-in electrically operated vessels,” Wärtsilä said. The tests […]

  • 9 October 2015

    The Gothenburg Port Authority has decided to leave its Port Tariff for 2016 at the 2015 level. Magnus Kårestedt, Port of Gothenburg chief executive, said that this move is expected ”to reinforce the growth of industry, shipping and the port.” All ships calling at the Port of Gothenburg pay a port charge based on the ship’s gross […]

  • 28 March 2019
    Business & Finance, Equipment

    Multi-client geoscience data provider TGS has been granted the appeal by the Borgarting Court of Appeal for the decision of the Oslo District Court issued in October 2018 in regard to the charges by Økokrim of aiding and abetting in tax fraud. The charges stem from transactions between TGS and Skeie Energy (later known as […]

  • 14 October 2015
    Business & Finance

    The International Chamber of Shipping (ICS) has commented on the suggestion of a carbon charge for shipping made by the International Transport Forum, a think-tank affiliated to the OECD, saying that it questions why international shipping should accept a carbon price of USD 25 per tonne of CO2, as proposed by the ITF. This would be […]

  • 7 November 2017

    The captain of Glory Amsterdam, a bulker which grounded in the German Bight on October 29, is in the center of a criminal investigation for obstructing the first refloating attempts, German water police (Wasserschutzpolizei) informed. The first findings of the investigation and witness reports have resulted in a suspicion against the ship’s command, the statement […]

  • 4 March 2016
    Business & Finance

    Danish Public Prosecutor for Serious Economic Crime (SØK) has filed criminal charges against several individuals employed at bankrupt OW Bunker under suspicion that they committed fraud, Mikkel Thastum, a spokesman for the prosecutor’s office, confirmed. The individuals targeted by the charges include OW Bunker CEO Jim Pedersen, the company’s former CFO, Morten Skou, and Lars Moller, former CEO of OW […]

  • 6 May 2014
    Business & Finance

    Økokrim, the Norwegian National Authority for Investigation and Prosecution of Economic and Environmental Crime, has today presented a criminal charge against the Norwegian seismic survey specialist TGS. Tha charge presented is for the violation of the Norwegian Tax Assessment Act and the Norwegian Securities Trading Act related to a contract entered into with Skeie Energy […]

  • 21 October 2014
    Business & Finance

    Asia-U.S. container shipping lines in the Transpacific Stabilization Agreement (TSA) have revised their recommended low-sulfur fuel charge to recover the added cost. According to TSA the container lines are facing an average USD 365 per ton low-sulfur fuel price differential at the beginning of 2015 as environmental rules mandate a shift to cleaner marine gas […]

  • 3 October 2014

    A system must be found to mediate disputes between shipping companies and port operators over the cost of doing business, UK Chamber of Shipping CEO Guy Platten said in a speech to the British Ports Association annual conference in Belfast. “Shipowners, just like commercial ports, are in business to make money – and expect to […]

  • 9 October 2015

    The Gothenburg Port Authority has decided to leave its Port Tariff for 2016 at the 2015 level. Magnus Kårestedt, Port of Gothenburg chief executive, said that this move is expected ”to reinforce the growth of industry, shipping and the port.” All ships calling at the Port of Gothenburg pay a port charge based on the ship’s gross […]

  • 16 January 2018
    Operations & Maintenance

    BP has informed that it will take a post-tax non-operating charge of around $1.7 billion in its fourth quarter 2017 for the Deepwater Horizon claims.  The Court Supervised Settlement Program (CSSP) established as part of the Deepwater Horizon (DWH) class action settlement is winding down. BP now expects to take a post-tax non-operating charge of around $1.7 billion for […]

  • 14 October 2015
    Business & Finance

    The International Chamber of Shipping (ICS) has commented on the suggestion of a carbon charge for shipping made by the International Transport Forum, a think-tank affiliated to the OECD, saying that it questions why international shipping should accept a carbon price of USD 25 per tonne of CO2, as proposed by the ITF. This would be […]

  • 11 November 2015
    Business & Finance, Operations & Maintenance

    Germany’s utility E.ON reported an all-time-high EUR 5.7 billion net loss for the first nine months of 2015, largely due to the impairment charges of EUR 8.3 billion recorded in the quarter ended September 30, coming from writedowns in the company’s power plants and its oil and gas division. The company is continuing with plans to focus on the booming renewable […]

  • 2 October 2013

    Greenpeace has informed that five activists have been officially charged with piracy in Russia, over a protest against Gazprom’s Arctic offshore drilling plans. The Greenpeace members charged with piracy are Russian activist Roman Dolgov, Finnish activist Sini Saarela, and Swedish/American activist Dima Litvinov, Ana Paula Alminhana Maciel from Brazil and freelance videographer Kieron Bryan from UK. Piracy […]

  • 26 May 2010

    The marine safety charge paid by cruise ships will be reduced from October 1 this year, Transport Minister Steven Joyce said today. The per passenger charge of $8.29 will go down to $3.30. Mr Joyce said Maritime NZ had collected more money than had been anticipated, or required, from the industry.

  • 3 August 2015
    Business & Finance, Operations & Maintenance

    Paris-based subsea major Technip has slipped into the red in the second quarter as the company booked one-off restructuring charges on market adjusting plans, announced earlier in June. Namely, on July 6, Technip announced the launch of a restructuring plan with a total one-off charge of €650 million. Of this total, €570 million was booked in […]

  • 22 April 2015

    The European Commission has sent a Statement of Objections to Gazprom alleging that some of its business practices in Central and Eastern European gas markets constitute an abuse of its dominant market position in breach of EU antitrust rules.