HFW acts on sale of almost half of Swiss Maritime Fleet
Global, sector-focused law firm HFW has acted on the sale of almost half of the entire Swiss maritime fleet.
HFW advised Swiss shipowner Massoel Shipping SA on eight separate vessel sale transactions, representing 40% of all Swiss-flagged commercial maritime vessels.
The firm also provided completion services on each of the transactions, assisting Massoel and the purchasers with closing and the holding of deposit and balance.
HFW’s team...
Brazil has seized 70,000 tonnes of manganese that four companies were preparing to ship to China from Porto de Vila do Conde, close to the city of Belem in the northern Brazilian state of Pará. The authorities said that the manganese had been mined illegally. The confiscated ore, which was seized...
An investigation involving 10 news organisations (Daraj.com (Lebanon), ARIJ.NET (Jordan), Meduza (Russia), iStories (Russia), Der Spiegel (Germany), RISE Moldova, RISE Romania, Bivol (Bulgaria), ifact.ge (Georgia), aVerdade (Mozambique)) has alleged that bulk carrier Rhosus, the ship that was the original carrier of the 2,750 tonnes of ammonium nitrate that sat in a Beirut warehouse for six…
The post Investigation into Rhosus ownership uncovers “questionable connections” appeared first on Insuran...
Brazilian prosecutors have charged two people for an alleged scheme to obtain confidential market information from Petrobras to benefit Denmark-based AP Moller-Maersk. A statement released by prosecutors on Friday August 21st said that a former Maersk executive in Brazil, Viggo Andersen, had taken...
The highest court in Dubai has rejected an appeal by Tatiana Akhmedova, ex-wife of Russian oil and gas billionaire Farkhad Akhmedov, to seize £350m superyacht MV Luna. The yacht has been caught up in one of the world’s largest, and most expensive divorce battles. The Dubai Court of Cassation...
https://insurancemarinenews.com/insurance-marine-news/court-battles-over-mv-luna-continue/
l to r: David Peel, General Manager at RightShip; Captain Ghulam Hussain FNI, Deputy Director, Maritime Affairs at The Bahamas Maritime Authority; Dr Kostas Gkonis, Secretary General of INTERCARGO.
A guide to bulk carrier operations: an NI webinar on 27.8.20
A Nautical Institute webinar
11:00 BST (UK time) on Thursday, 27 August 2020
Bulk carriers are the workhorses of international maritime trade. Those responsible for operating them are required to understand and manage...
The US National Transportation Safety Board (NTSB) has issued a Marine Accident Brief on the sinking of the 1997-built Marquette Transportation towboat St Rita. On March 7th 2019 at about 14:30 local time, towboat St Rita was shifting hopper barge LTD 14161 across the Mississippi River to the...
Japan-based Nagashiki Shipping, the owner of bulk carrier Wakashio (IMO 9337119), which grounded on a reef in Mauritius on July 25th and which subsequently caused a large oil spill before breaking apart, said on Wednesday August 19th it would wait for judicial decisions after the arrest of the...
Martin Hall
Compensation limit in MV Wakashio incident shows Bunker Convention is no longer fit for purpose
London, 19 August 2020: Following the recent oil spill incident offshore of Pointe d’Esny, south of Mauritius, a number of issues are raised with regard to compensation limits, according to Martin Hall, Partner and Head of Marine Casualty at global law firm Clyde & Co.
The oil spill occurred after the bulk ship carrier MV Wakashio ran aground on a coral reef on 25 July 2020. The ship began...
Lim Oon Kuin, the founder of Singapore oil firm Hin Leong Trading, was charged in a Singapore court on Friday August 14th with abetment of forgery for the purpose of cheating. Hin Leong has been under judicial management since April. The collapse in the price of oil led to the uncovering of...
https://insurancemarinenews.com/insurance-marine-news/lim-charged-in-singapore-court/