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Our correspondents in Dubai have kindly passed us updates from the Maritime Authorities in the UAE and Bahrain following the implementation of the low sulphur regime on 1 January 2020. With thanks to GAC Dubai for this update.
Should you have any queries in relation to this post please contact the Claims team in London, Dubai or Shanghai.
From 1 January 2025, the new FuelEU Maritime Regulation (the “Regulation”) implemented by the European Commission sets requirements for vessels over 5,000 GT calling at ports in the EU. The Regulation seeks to strengthen climate commitments within the EU under the Paris Agreement forming part of the “Fit for 55” package, aiming to reduce greenhouse gas (“GHG”) intensity used on board vessels.
The Shareholders of the MECO Group, have agreed to sell their shares to Markel International, part of the Markel Group Inc., a US listed global (re)insurance company (NYSE: MKL), headquartered in Richmond Virginia. The transaction will complete on receipt of all the necessary regulatory approvals for the change in control. At this stage we estimate that this should be before 30 June 2025.
This is an update on the English High Court judgement of Fimbank Plc -v- KCH. The High Court decided that the one-year time bar under article III rule 6 of the Hague Visby Rules also applies to claims for cargo misdelivery.
