Reed Smith Archives - Maritime Shipping News

Maritime Partners adds two to leadership team

22 March 2024

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/

Surge in shipbuilding raises potential oversupply concerns

10 August 2022

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

9 March 2022

Press comment – sanctions on Russian ships

Nick Austin

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

15 November 2021

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?

8 November 2021

EEXI and CII – A gathering storm?

Nick Austin

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

22 July 2021

Vale takes the lead in technology for emission reductions

Voirrey Blount

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

9 June 2021

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

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,...

https://allaboutshipping.co.uk/2021/06/09/shipping-has-made-great-strides-in-the-right-direction-with-the-development-of-greener-fuels-and-tighter-controls-on-pollution/

Reed Smith urges caution with e-bills of lading

19 May 2021

Law firm Reed Smith has said that the rapid development of automated systems and digital technology will be a paradigm shift, but that digital standards remain a significant hurdle for the industry to negotiate as the momentum towards the technological future gathers pace.

Nick Austin, a shipping partner in Reed Smith’s Transportation Industry Group, based in the company’s London office, argues that while e-bills of lading (eBL), autonomous vessels and blockchain are all emerging as drivers for...

https://container-news.com/reed-smith-urges-caution-with-e-bills-of-lading/

Continued pressure on Belarus by the United States as key Belarusian companies once again become the target of comprehensive sanctions

21 April 2021

Continued pressure on Belarus by the United States as key Belarusian companies once again become the target of comprehensive sanctions

At a Glance…

On April 19, 2021, the Department of Treasury, Office of Foreign Assets Control (OFAC) revoked Belarus General License 2G and issued Belarus General License 2H (GL 2H), “Authorizing the Wind Down of Transactions Involving Certain Blocked Entities,” restoring sanctions against nine Belarusian companies. The nine companies that are the...

https://allaboutshipping.co.uk/2021/04/21/continued-pressure-on-belarus-by-the-united-states-as-key-belarusian-companies-once-again-become-the-target-of-comprehensive-sanctions/

Statement on the knock-on effect of the Ever Given incident

1 April 2021

Statement on the knock-on effect of the Ever Given incident

Nick Austin

Viewers can read the quote below highlighting the knock-on effect of the Suez Canal being blocked.

Nick Austin, shipping partner at global law firm Reed Smith, said:

“With the Ever Given now freed from its temporary resting place, and the backlog of ships starting to clear, attention inevitably turns to counting the cost. Quite apart from fines or compensation claimed by the Egyptian government, dozens of vessels delayed by the...

https://allaboutshipping.co.uk/2021/04/01/statement-on-the-knock-on-effect-of-the-ever-given-incident/

+ More