Turkish Shipping Firms Hit with $2 Million Fine for Illegal Oil Dumping
May 22, 2024
A federal court fined Turkish shipping firms Prive Overseas Marine and Prive Shipping Denizcilik Ticaret $2 million for illegal oil dumping.
DOJ and FMC intend to continue partnership focused on fair competition in ocean shipping sector
February 28, 2022
This follows a July 2021 inking of a Memorandum of Understanding (MOU), which formalized the working relationship between the organizations and established a framework for partnership between the FMC and DOJ’s Antitrust Division that “enhances cooperation in the enforcement of antitrust and competition laws, including the Shipping Act…by facilitating information exchange between and among attorneys, economists, and technical experts,” according to DOJ and FMC.
CN set to acquire KCS but regulatory hurdles remain
May 21, 2021
After an ongoing theme of stops and starts and new developments, regarding the respective pursuits by Class I North of the Border railroads Canadian National (CN) and Canadian Pacific (CP) of Kansas City Southern (KCS), it appears that the train may be coming to a stop, with CN and KCS saying earlier today that they have reached a deal and have entered into a definitive merger agreement, which they said will “create the premier railway of the 21st century.”