The U.K. this week issued a new warning to shipowners and brokers seeing large profits from selling older ships to unknown buyers, saying they need to make sure they aren’t selling to a person with ties to Russia or who plans to violate Russian oil sanctions.
The Treasury Department’s Financial Crimes Enforcement Network issued a new advisory this week to alert industry about the ways Iran-backed terrorist organizations are illegally circumventing or using the international financial system to raise, move and spend money. The advisory also includes a list of red flags to help banks and other financial institutions catch suspicious activity that may be linked to those groups.
The Teamsters Canada Rail Conference will meet with Canadian National ahead of its strike deadline on May 13 and Canadian Pacific Kansas City on May 17, the teamsters said in a news release May 2. The teamsters voted on May 1 to strike if no deal is reached with both companies, and the earliest the union could strike would be on May 22, Canadian National said.
The Federal Maritime Commission has been encouraging carriers to have a better relationship and more transparency with shippers, FMC Chairman Daniel Maffei said during a hearing held by the House Subcommittee on Coast Guard and Maritime Transportation on April 30. Maffei said that this issue stems from the lack of transparency surrounding the Red Sea-related surcharges imposed by carriers due to Houthi attacks on commercial ships (see 2401290052).
The National Customs Brokers & Forwarders Association of America asked the Federal Maritime Commission questions on the demurrage and detention final rule (see 2402230049). The NCBFAA, in comments dated April 22, said the questions were submitted on behalf of its members and other "industry stakeholders" and raised several questions that were not addressed in the final rule.
Twenty-one U.S. citizens who were harmed -- and the estate of one who was killed -- in 2006 Hezbollah rocket attacks may bring the new owners of one of the terrorist group’s alleged major funders to court in New York, the state’s highest court certified April 18.
The State Department is proposing to increase fees for registration with the Directorate of Defense Trade Controls, it said in a notice released April 23. The agency also is proposing changes to the DDTC fee structure, as well as a reorganization of its International Traffic in Arms Regulations on fees and registration.
'Head Scratching' Likely After D&D Rule in Effect; Changed Broker Terms Possible, NCBFAA Lawyer Says
FORT LAUDERDALE -- The effective date for the Federal Maritime Commission's new rule on detention and demurrage may not provide a long enough "runway" for industry to prepare, given that it's a "systemic alteration" of how the industry operates, said Ashley Craig of Venable. He said he suspects there will be a lot of "head scratching" after the rule becomes effective on May 28 (see 2402230049).
The Federal Maritime Commission's enforcement bureau is asking the agency's administrative law judge to fine major ocean carrier Mediterranean Shipping Company $63.2 million for violating U.S. shipping regulations. MSC used “overbroad” merchant clauses in its bills of lading, billed incorrect rates for certain containers and failed to publish certain container tariff rates, causing "obscurity" and "uncertainty" for shippers, the commission's Bureau of Enforcement, Investigations and Compliance said in an April 3 report.
Latvian citizen Oleg Chistyakov was charged with violating U.S. export laws as part of a scheme to ship "sophisticated avionics equipment" to Russian companies, DOJ announced last week. The agency noted Chistyakov is the third person to be charged in connection to the scheme, which was led by Kansas company KanRus Trading Co.