The English Commercial Court has provided helpful clarity on the extent of damages available to a claimant shipowner for the late redelivery of a vessel under a time charter where there is evidence that the owner of the vessel would have been unable to enter into a subsequent charter for the...
https://www.hellenicshippingnews.com/late-redelivery-and-lost-opportunities/
Despite the late redelivery of the vessels at a time when the market rate was higher than the charter rate, the Commercial Court held, on an appeal from two arbitration awards, that the owners were only entitled to recover nominal damages from the charterer, and not substantial damages. In...
Salved fund (Article 13.1(a)) Apart from the danger faced by the casualty, probably the most important criterion for assessing any salvage award is the size of the salved fund out of which the salvors will be remunerated. The fund obviously will either limit the ability of the Court or Tribunal to...
https://www.hellenicshippingnews.com/assessment-of-a-salvage-award/
The recently published Greek Supreme Court decision number 1806/2023 reaffirmed shipowners’ right to limit liability under the LLMC 1976 Convention for maritime claims in the event of a collision, in respect of losses arising out of Master’s personal acts or omissions, but not out of shipowners’...
https://www.hellenicshippingnews.com/update-from-greece-limitless-not-this-time/
Any regulatory developments focussed on reducing GHG emissions from shipping would increase global demand for low emissions fuels such as ammonia, methanol and hydrogen. Passage and implementation of these IMO regulations would also therefore bolster the emerging offtake markets for these...
On February 25, 2025, the Department of Energy (DOE) issued an Order Granting Request for Rehearing and Clarification and Modifying Order (Order 5233-A) (the Modified Order) clarifying that DOE will no longer consider ship-to-ship transfers of liquified natural gas (LNG) used as a fuel for marine...
https://www.hellenicshippingnews.com/doe-order-removes-certain-restrictions-on-lng-bunkering/
Act No. I of 2025 (the “Act”) introduces the finance charter instrument as a legal mechanism to secure lessors’ rights in ship financing. This article analyses the newly available security instruments, particularly the financial charter instrument. What is a finance charter? A finance charter is an...
https://www.hellenicshippingnews.com/a-new-era-of-maritime-excellence-chartering-the-future/
As we discussed earlier in February, the United States has had an ongoing process to investigate and address unfair trade actions related to China’s maritime, logistics, and shipbuilding sectors. At that time we pointed out that logistics professionals could face an entirely new category of...
European shipowners benefit from a well-established system that balances cost efficiency with global recognition. Why Greece? • Tax Advantages: Greece offers a competitive tonnage tax system, making it cost – effective for European owners. • Strategic Location: Positioned at the crossroads of...
International maritime law firm Hill Dickinson has announced an alliance with Marshall Islands attorneys, Reeder Simpson & Magee (RSM). It marks the latest move in Hill Dickinson’s international growth strategy and expands the firm’s offshore legal jurisdictions desk in Piraeus with an increased...