Global law firm Reed Smith today announced the appointment of partner Chris Buchanan in its Washington D.C. office. Buchanan joins the firm’s global Transportation Industry Group from King & Spalding where he was a partner in the finance practice.
Bringing a wealth of knowledge of the aviation industry, Buchanan’s experience includes advising clients on synthetic leases, aircraft finance, U.S. citizenship regulations for aircraft ownership, and export finance facilities.
Buchanan...
By Susan Riitala and Thor Maalouf
Autonomous ships hold immense potential to transform and enhance the efficiency of global supply chains by streamlining operations and reducing human error. Their ability to operate continuously and integrate with other automated systems offers a new level of precision and reliability in the movement of goods. Additionally, their ability to adjust routes dynamically based on real-time data, such as weather patterns or port congestion, can lead to smoother, more...
https://www.marinelog.com/views/op-ed-is-the-future-autonomous-shipping/
Almost half the respondents who took part in a survey spearheaded by Reed Smith revealed that they expect it to take more than 15 years for the sector to be powered by 100% sustainable fuel sources.
These insights were gathered from nearly 50 of Reed Smith’s clients in the transportation sector, including global companies in aviation, shipping, logistics, manufacturing, utilities, and environmental services.
The International Maritime Organization’s (IMO’s) ambitious target of reaching net-zero...
Metairie, La., headquartered Maritime Partners LLC has recently added Stephen J. Bordes and Greg Chase to its executive leadership team.
Bordes, who joins Maritime Partners as its chief financial officer, has more than 20 years of experience in the fields of finance and fund management.
Prior to joining Maritime Partners, he served as the CFO for New York-based American Industrial Partners, a middle-market private equity firm that invests in industrial businesses.
“Stephen is an expert in...
https://www.marinelog.com/inland-coastal/maritime-partners-adds-two-to-leadership-team/
While some shipyards struggled to stay afloat during the initial outbreak of Covid-19, the post-pandemic environment is predicted to usher in an encouraging era for shipyards’ orderbooks.
In 2020, orders for container ships fell to their lowest number in a decade and dry bulk and tanker orders experienced similar slumps. Both 2021 and 2022 saw an uptick in orders, and shipping analysts now predict that 2023 will again see high levels of orders across all sectors, raising concerns of a potential...
https://container-news.com/surge-in-shipbuilding-raises-potential-oversupply-concerns/
Press comment – sanctions on Russian ships
Nick Austin, shipping partner at global law firm Reed Smith, said: “The Department for Transport’s guidance on the banning of ships with Russian connections from UK ports is still developing, given that accurately identifying whether a vessel is “Russian” is not as easy it sounds.
“For example, under the current rules a ship is not Russian just because it has Russian crewmembers or a Russian captain. For the rules to bite, there has to be a...
https://allaboutshipping.co.uk/2022/03/09/press-comment-sanctions-on-russian-ships/
Winds are blowing in sustainability-linked bond sails
By Robert E. Lustrin, Esq., shipping lawyer at global law firm Reed Smith
IMO targets for emissions reductions
All eyes in the shipping industry are fixed on de-carbonization and environmental, social and governance (ESG) concerns. Mileposts have been set by the International Maritime Organization’s (IMO) Marine Environment Protection Committee (MEPC), requiring reductions in carbon dioxide (CO2) emissions from shipping worldwide from 2008...
https://allaboutshipping.co.uk/2021/11/15/winds-are-blowing-in-sustainability-linked-bond-sails/
EEXI and CII – A gathering storm?
By Reed Smith Transportation Industry Group partner Nick Austin
Shipping lawyers like me often talk about “the next big thing”, but rarely do we pluralise it to suggest that not one, but maybe two or even three transformational changes are about to be keenly felt across the sector.
A case in point: much has been said (including by me) about the rapid pace of digitisation in shipping. And in particular the advent of electronic trade documents which have...
https://allaboutshipping.co.uk/2021/11/08/eexi-and-cii-a-gathering-storm/
Vale takes the lead in technology for emission reductions
Viewers can see the below comments regarding the news that Vale has received the world’s first ore carrier that produces air bubbles in the hull to reduce emissions.:
Voirrey Blount, admiralty manager at global law firm Reed Smith, said:
“Vale has made a large step forward in their Ecoshipping program, an initiative designed to reduce the company’s carbon emissions, by taking delivery of their first Very Large Ore Carrier...
https://allaboutshipping.co.uk/2021/07/22/vale-takes-the-lead-in-technology-for-emission-reductions/
Shipping has made great strides in the right direction with the development of greener fuels and tighter controls on pollution
Viewers can see the quote below in relation to World Oceans Day and the United Nations’ Sustainable Goal 14.
Reed Smith admiralty manager Voirrey Blount, who is an ex-seafarer, said: “Yesterday, 08 June, marked World Oceans Day 2021 and the theme this year was “The Ocean: Life and livelihoods”. The Secretary-General of the IMO,...