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USTR Announces Streamlined Notice of Action to Counter Chinese Dominance in the Maritime Sector

The U.S. Trade Representative (USTR) on April 17, 2025, announced its long-awaited final proposed measures to combat China's dominance in the maritime sector by imposing fees on Chinese-linked ships. Public criticism of...more

BIMCO Releases New Contract Template for Commercial Vessel Sales and Purchases

The Baltic and International Maritime Council (BIMCO) has released SHIPSALE 22, a new standard contract form for use by commercial sellers and purchasers of vessels. SHIPSALE 22 is intended to replace the popular SALEFORM...more

Brazilian Appeals Court Approves Nordic Trustee's Liberian Ship Mortgage

The Brazilian Superior Court of Justice granted Nordic Trustee's appeal on Nov. 16, 2017, and recognized the validity of a $530 million First Preferred Liberian Ship Mortgage over the OSX 3 in favor of Nordic Trustee. The OSX...more

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