FuelEU maritime regulation – Achieving compliance: banking, borrowing, pooling and paying

While the shipping industry is still coming to terms with the EU Emissions Trading Scheme (“EU ETS”) the next decarbonisation initiative, FuelEU Maritime (“FuelEU”), is rapidly sailing into view. FuelEU is part of the EU’s Fit for 55 Package and aims to support decarbonisation in the shipping industry by setting and gradually reducing, emission targets …

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Philippines says sailor sustained serious injury in South China Sea collision

A Philippine navy sailor suffered “serious injury” after what the country’s military called on Tuesday “intentional-high speed ramming” by the Chinese coast guard during a resupply mission in the South China Sea. The Philippine military said in a statement the Chinese coast guard’s “continued aggressive behavior and unprofessional conduct towards a legitimate humanitarian mission is …

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Who are your welfare champions? Nominations closing soon for The Mission to Seafarers’ annual Seafarers Awards

The Mission to Seafarers, a leading international seafarer welfare charity, invites nominations for its prestigious Seafarers Awards Singapore 2024 as the deadline approaches. Now in its 7th year, the annual awards have become a cornerstone of the Singapore maritime calendar, celebrating individuals and organisations that have made significant contributions to enhancing the welfare of seafarers …

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Norton Rose Fulbright advises Yinson Production on US$1 billion project bond to refinance FPSO Anna Nery

Global law firm Norton Rose Fulbright has advised Yinson Production in connection with its issue of US$1.035 billion in senior secured bond due 2042 to refinance FPSO Anna Nery. Yinson Production holds 75 percent and Sumitomo Corporation holds 25 percent of the shares in the issuer, Yinson Boronia Production B.V., which owns the floating production, …

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