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Maritime Transport Oil & Gas Shipping

Haynes Boone

Shipping and Energy Newsletter - Summer 2025

Haynes Boone on

In this edition, we explore some of the strategic questions shaping conversations in the energy sector today and provide you with tools and information that will be helpful when entering into contracts....more

Katten Muchin Rosenman LLP

OFAC Issues Updated Guidance to Shipping and Maritime Sector Regarding Evasion of Iranian Oil Sanctions

On April 16, 2025, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) issued an update to its Sept. 2019 advisory, addressed to the global shipping and maritime sector, regarding sanctions evasion...more

Foley Hoag LLP

OFAC Publishes Maritime Oil Industry Advisory and Makes Example of Shipping Companies and Vessels Who Violated G7’s Price Cap...

Foley Hoag LLP on

On October 12, 2023, the Department of the Treasury's Office of Foreign Assets Control (“OFAC”) published a Maritime Oil Industry Advisory (“Advisory”)—together with the so-called Price Cap Coalition (“Coalition”), consisting...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 Places Price Cap on Maritime Services Related to Russian Oil

Holland & Knight LLP on

The U.S. Department of the Treasury Office of Foreign Asset Control (OFAC) on Nov. 21, 2022, published a determination pursuant to E.O. 14071 prohibiting U.S. persons from providing certain services related to the maritime...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

Opportune LLP

Waves Of Change: Assessing The Potential Impact Of A Carbon Levy On Shipping Costs

Opportune LLP on

A proposed carbon levy is the latest in a wave of change potentially facing the global shipping industry....more

Morrison & Foerster LLP

Following U.S. Lead, UK Office Of Financial Sanctions Implementation Issues Maritime Guidance

Much of the world’s focus is on the COVID-19 pandemic, and rightfully so, but sanctions regulators also have their gazes fixed on another issue: the maritime industry. On May 14 2020, we saw the U.S. Departments of State and...more

Opportune LLP

Planning for IMO 2020: The Cost of Non-Compliance

Opportune LLP on

On January 1, 2020, the new International Maritime Organization’s regulation—dubbed “IMO 2020”—for sulfur reduction from 3.5% to 0.5% will go into effect. The regulation stipulates that oceangoing vessels must use either a...more

King & Spalding

Energy Newsletter - November 2019

King & Spalding on

The IMO and the Price of Gas or The Impact of the International Maritime Organisation’s Sulphur 2020 Limit for Marine Fuel Oil on the Price of Gas - The main bunker fuel for ships is High Sulphur Fuel Oil (HSFO, with...more

Opportune LLP

Q&A: Opportune’s Matt Flanagan Addresses IMO 2020 Challenges, Opportunities

Opportune LLP on

In just a few months, on January 1, 2020, a new, sweeping global regulation is scheduled to go into effect that caps the amount of allowable sulfur content in all marine fuels used by ocean-going vessels from its current...more

Opportune LLP

IMO 2020 Full Sail Ahead: Incoming Waves for Refiners, Shipowners

Opportune LLP on

As of January 1, 2020, the International Maritime Organization (IMO) will begin enforcing a new regulation (IMO 2020) that caps the allowable sulfur content of all marine fuels from its current level of 3.5% m/m (mass/mass)...more

Akin Gump Strauss Hauer & Feld LLP

EPA to Study Sulfur Limit Impact on Shipping

On July 30, 2018, the U.S. Environmental Protection Agency (EPA) will host a workshop to engage stakeholders in a discussion surrounding the development of a study of the economic impacts of compliance with the North American...more

Blank Rome LLP

Mainbrace - January 2015 No. 1

Blank Rome LLP on

In this issue: - A Sea Change Sweeps over Congress: A Look Back and a Look Ahead - Shipping & International Trade Law (Second Edition 2015) - Congress Passes Coast Guard Bill in Waning Hours of 113th...more

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