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Family Payment For Loss

Family Payment For Loss

Orient Overseas Container Line, a shipping company controlled by the family of former Hong Kong government chief executive Tung Chee-hwa, has been fined 50,000 euros ($69,000) over the death of a top executive in France 11 years ago. The firm,…

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Counting The Costa of Disaster

The Costa Concordia disaster, when the cruise liner capsized off Italy more than two years ago, will likely end up costing the ship’s owners just over 1.5 billion euros ($2 billion), a company executive told a German newspaper. “So far,…

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Workers Launch Chopper Claims

Oil workers on a Super Puma which ditched into the North Sea have launched legal action against the helicopter operator. A total of 10 of the 14 people on board the aircraft at the time are suing Bond Offshore Helicopters…

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Greeks Retain Power

Greek ship owners control 46.72% of the EU fleet based on dwt tonnage, a token of the size of the country’s maritime industry, despite the challenging conditions in global shipping. As such, Greece has remained the No1 maritime nation globally,…

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TMT Dreams Dashed

Attempts to reorganise the debts owed by shipping company Today Makes Tomorrow (TMT) have been ended by a Texas court as a bankruptcy judge found the company’s plans to be unrealistic based on available funds and time.  A plan to put some…

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Container Investment Gambles

In the casino where ship owners are often said to be found throwing away their money are the slot machines otherwise known as containerships. Money is poured into them but very little seems to come out until a jackpot brings…

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Bills of Lading Going Digital

The shipping industry is huffing and puffing its way into the 21st Century – and while shipboard communications are still a bone of contention, at least the cargoes are getting better connected. The use of electronic bills of lading is…

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Long Running Arrest Argument

According to reports Shagang Shipping has commenced a repeated bid to arrest a vessel connected with HNA Group. The actions are part of a legal campaign waged as a result of long-running legal campaign over a contractual dispute. The catalyst…

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Call for Mega P&I Club

There are calls for one single “mega” P&I Club, as the traditional mutual protection and indemnity insurance system comes under both scrutiny and threat. A conference in Greece has heard how the trend to consolidate clubs had sparked “an unseemly scrambling for…

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Tanker Arrest In Singapore

Reports have emerged of another vessel arrest in Singapore, as the admiralty sheriff has arrested a Greek-owned chemical tanker.        The Panama-flagged 13,000-dwt Marilena was detained on the orders of lawyers from Rajah & Tann LPP. The exact details regarding the arrest remain…

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