OW Bunkers’ and Hanjin Shipping’s bankruptcies continue to be wake-up calls for the bunker industry and wider maritime sector.
Read MoreBunker delivery notes (BDNs, or BDRs – bunker delivery receipts) remain on the of the few parts of a bunkering transaction still done on paper. This is despite the widespread digitization of all other aspects of the bunkering industry.
Read MoreBunker traders and suppliers must be aware that sooner than they expect, they will be targets of enforcement of the 2020 world wide bunker sulfur (sulphur) content requlations.
Read MoreIn April-May 2017’s Bunkerspot Magazine, firm Principal Steve Simms addresses some of the details of demurrage situations that bunker buyers, sellers and brokers often face and understanding the operation of demurrage in bunker purchases and deliveries.
Read MoreMost of the significant maritime bankruptcies of the last five years, including Hanjin and OW Bunkers, have utilized Chapter 15 of the United States Bankruptcy Code.
Read MoreIn the latest edition of Bunkerspot, firm Principal Steve Simms explained the latest post-truth challenges to the bunkering industry in the context of recent world events, including the election of President Donald J. Trump and the U.K. vote for “Brexit.”
Read MoreHow can – and must – bunker brokers and suppliers learn now from the OW bunkers collapse, and change their operations to anticipate the next, certain insolvency in the bunkering industry?
Read MoreFirm Principal Steve Simms recently explained the enforcement challenges that lie ahead from the October 27, 2016 decision by the International Maritime Organization’s Marine Environmental Protection Committee.
Read MoreFirm Principal and IBIA board member Steve Simms was recently interviewed by David Hughes for World Bunkering.
Read MoreFirm Principal Steve Simms recently outlined the circumstances leading up the collapse of the world's seventh largest container line, which occurred just after the collapse of OW, one of the world's largest bunker traders and providers.
Read MoreFirm Principal Steve Simms recently explained the latest challenge facing the maritime industry – the insolvency of the world’s seventh largest container line, Hanjin.
Read MoreThe EC is preparing to shift its angle of attack in its ongoing campaign against those who fail to comply with sulphur regulations. As the latest battle lines are drawn up, bunker suppliers are clearly in the line of fire.
Read MoreFirm Principal Steve Simms recently explained the latest challenge facing ship owners and charterers in the wake of the OW insolvency.
Read MoreMaryland House Bill 1378 and Senate Bill 1007 set up the Maryland Small Business Retirement Savings Program and Trust, which provides for automatic enrollment in individual retirement accounts (IRAs) of private sector employees.
Read MoreThe misclassification of workers as independent contractors is an issue that federal and state governments have been trying to address for decades.
Read MoreFirm Principal Steve Simms recently explained the latest challenge of the European Commission (EC) in the enforcement of sulphur regulations on marine fuel suppliers in an article for Bunkerspot.
Read MoreThe issue of unpaid internships is back in the spotlight after news that a settlement agreement between Fox and its unpaid interns has been filed for approval in U.S. District Court for the Southern District of New York.
Read MoreThe new federal overtime rule, which will go into effect December 1, 2016, has changed the thresholds for the employee exempt status from being required to receive overtime pay.
Read MoreThe maximum penalties for the Occupational Safety and Health Administration (OSHA) have just gone up by 78 percent as of August 1, 2016.
Read MoreFirm Principal Steve Simms recently explained the outcome of the UK Supreme Court decision in the Res Cogitans case in an article for Bunkerspot.
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