South Korean shipbuilder Samsung Heavy Industries (SHI) has received a court order to pay KRW 378 billion (about $290 million) to compatriot SK Shipping due to defects in the cargo holds of two liquefied natural gas (LNG) carriers.
The post Samsung Heavy ordered to pay $290 million to SK Shipping...
googletag.cmd.push(function() { var gptSlot = googletag.defineSlot(‘/21776187881/FW-Responsive-Main_Content-Slot1’, [[728, 90], [468, 60], [300, 100], [320, 50]], ‘div-gpt-ad-b1-i-fw-ad-4’).defineSizeMapping(gptSizeMaps.banner1).setCollapseEmptyDiv(true).addService(googletag.pubads());
gptAdSlots.push(gptSlot);
});
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-b1-i-fw-ad-4’); });
Nikola Corp. won $165 million in arbitration with its convicted founder Trevor Milton. That is more...
https://www.freightwaves.com/news/nikola-claws-back-165-million-from-founder-trevor-milton
After months of tense negotiations and legal disputes, Compagnie Maritime Belge (CMB) has announced […]
The post CMB breaks deadlock as Frontline sails away with $2.35 billion VLCC bounty in Euronav deal appeared first on Offshore Energy.
Belgian tanker major Euronav NV confirmed the recent flurry of speculations engulfing discussions between […]
The post Frontline to acquire 24 VLCCs from Euronav for $2.35 billion as part of talks to end ‘structural deadlock’ appeared first on Offshore Energy.
Nikola Corp.’s acquisition of struggling battery startup Romeo Power Inc. has spilled into federal court with Lion Electric Co. claiming Nikola tried to poach its customers after canceling a battery supply agreement Lion had with Romeo Power.
In a civil case filed in the U.S. District Court for Arizona, Lion claimed Nikola told Romeo to raise prices on a previously agreed-to contract with Lion for all but 40 of 296 battery packs Lion ordered for its Lion 8T Class 8 electric truck. Nikola...
https://www.freightwaves.com/news/lion-electric-sues-nikola-over-canceling-romeo-battery-contract
Norwegian tanker shipping heavyweight Frontline announced that the Emergency Arbitration claims filed by its Belgian counterpart […]
The post Frontline says emergency arbitrator dimissed all Euronav’s claims appeared first on Offshore Energy.
https://www.offshore-energy.biz/frontline-says-emergency-arbitrator-dimissed-all-euronavs-claims/
Belgian tanker shipping major Euronav has filed an application request for arbitration on the […]
The post Euronav presses ahead with arbitration against Frontline appeared first on Offshore Energy.
https://www.offshore-energy.biz/euronav-presses-ahead-with-arbitration-against-frontline/
La falta de diplomacia exacerba la última disputa entre Grecia y Turquía por las islas del Egeo. El Mediterráneo oriental y las islas del Egeo, donde se superponen los reclamos griegos y turcos, vuelven a estar en el centro de atención en medio de la última disputa marítima entre Grecia y Turquía,...
A federal judge has ruled a $1.7 million shipping dispute between Kuehne + Nagel, the world’s largest air freight logistics provider, and oil field services giant Baker Hughes must be arbitrated, saying that the contract’s arbitration clause is enforceable under New York law.
Houston-based Baker Hughes sued for compensation after one of its shipments was seized by Brazilian customs authorities because the airline providing the physical transportation failed to provide proof of a pre departure...
https://www.freightwaves.com/news/judge-rules-kuehne-nagels-17m-air-cargo-dispute-must-be-arbitrated
The U.S. Supreme Court will hear oral arguments on March 28 in a case involving Southwest Airlines over whether airline cargo handlers are transportation workers who are not required to arbitrate employment-related disputes.
The Federal Arbitration Act (FAA) generally requires enforcement of private agreements, but exempts seamen, railroad employees or other workers engaged in foreign or interstate commerce from arbitration to limit labor strife that prevents goods movement critical to the...