Following the recent dissolution of the French National Assembly, the country is preparing for early legislative elections. The political climate is tense for shipping companies with the two leading political parties in the polls considering abolishing the French tonnage tax
Ship Law Log
Comment and analysis by Reed Smith lawyers on the latest developments in the shipping industry
Ship Law Log, published by Reed Smith LLP, focuses on legal issues related to maritime and shipping law. The blog covers topics such as ship finance, including sale-and-leaseback arrangements and lending structures, regulatory developments affecting port fees and tariffs, ownership and control implications for vessels, charterparty disputes and interpretations, compliance with international trade measures, and operational risks in shipping. It also addresses the impact of geopolitical actions on maritime commerce, legal challenges in ship repossession, and the allocation of costs and liabilities in shipping contracts. The blog provides analysis relevant to shipowners, charterers, financiers, and legal practitioners involved in maritime transport and shipping finance.
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The Ever Given Court of Appeal decision unveils contractual complexities in salvage agreements
The recent Court of Appeal decision in Smit Salvage BV & Ors v Luster Maritime SA & Anr (The ‘Ever Given’), illustrates the challenges of negotiating contracts in rapidly changing environments, particularly within the maritime domain.…
Offshore wind farms: Climate commitments and challenges in the U.S.
International obligations: climate change
At a United Nations climate conference in late 2023, participants championed the successes of climate commitments in previous years. Nevertheless, there was consensus that not enough action has occurred to enable participants to meet the goals…
New U.S. Supreme Court decision recognizing enforceability of choice-of-law clauses in maritime contracts, subject to narrow exceptions
The Supreme Court’s decision promotes uniformity and predictability in the interpretation and implementation of maritime contracts.…
Big waves: global autonomous ships market on the rise
International shipping has the potential to undergo an evolution with developments in autonomy—these developments present opportunities to both increase safety and reduce risk to vessel operations. Zulu Associates, a Belgian company which describes itself as an innovator in marine logistics…
New CBP Jones Act Ruling Prevents Release of Vapor from LNG Loaded at 1st U.S. Port during Loading at 2nd U.S. Port
The Jones Act is a challenge for the LNG industry in the United States. The Jones Act requires that all vessels used to transport merchandise between points in the United States satisfy certain requirements: to be Jones Act compliant, vessels…
Assessing the risk factor
Reed Smith partner Thor Maalouf and senior associate Romain Farnoux explain the complexities of the contracting stage of constructing a superyacht and where the responsibilities lie between builders and owners.…
French Tonnage Tax regime saved by Government’s 49.3 move in Parliament
Threatened with abrogation by numerous amendments submitted by opposition MPs during the examination of the Finance Bill for 2024, the French tonnage tax regime has finally been saved. Indeed, the Government decided to rely on its power under Paragraph 3…
Navigating Storms: Some legal strategies for contingency planning in shipping supply chains
The global shipping industry is the backbone of international trade. This article explores areas in which legal strategies can help the shipping industry meet supply chain risks…
