Argentine naval training ship, 'ARA Libertad' which was detained in Ghana for more than two months has arrived back home. The Libertad had been seized following legal action by an investment company trying to recover money still owed after Argentina's 2002 debt default. Thousands of people lined the shore as it arrived in Mar del Plata, three weeks after a United Nations court ordered its release from Ghana reports BBC News. The lengthy diplomatic row over the Libertad began when the ship was prevented from leaving Ghana on 2 October 2012, after a local court ruled in favour of financial fund NML Capital. Last month, the UN Tribunal for the Law of the Sea ordered Ghana to release the ship, arguing that it had immunity because it was a military vessel, and Libertad sailed shortly afterwards. Source: BBC News
Rowan Companies, Inc. reported that the English Court has given a comprehensive judgement in its favor in proceedings between its subsidiary, British American Offshore Limited (BAO) and Amoco (UK) Exploration Company (Amoco). The court found that Amoco's case "fails on the facts at every point", and dismissed in its entirety Amoco's claim that it had been entitled, in January 1999, to terminate its drilling contract with BAO for the use of the jack-up
Financially troubled Chinese shipbuilder Sainty Marine has announced Bank of China and China Exim Bank have frozen its bank accounts. Shenzhen-listed Sainty Marine has also announced that it has reached an agreement with Dutch ship investment firm, Universal Marine, for the cancellation of four 2,350teu containerships. Universal Marine ordered the vessels at Sainty Marine in March 2014, however, it has been unable to secure the financing to start the newbuilding project
Academy demands that Alumni Association immediately vacate premises; court orders parties to work out details by end of business of Friday, May 10th. The eviction of the U.S. Merchant Marine Academy Alumni Association has been affirmed by a Long Island federal court. Jim Forde ‘88, Esq., AAF Board of Directors, said in a prepared statement today, “We regret to inform everyone that the court denied our motion for an injunction
In an unpublished opinion, the U.S. Court of Appeals for the Sixth Circuit affirmed a district court’s confirmation of a British arbitration award in favor of a protection and indemnity (P&I) club against plaintiff seamen. Acting on behalf of the seamen, a law firm sued States Steamship Company for alleged asbestos-related injuries. When States, which was in bankruptcy, did not answer, plaintiffs obtained a default judgment
A Spanish court has ordered police to capture and search two vessels belonging to a Florida firm that recently announced it had found a shipwreck in the Atlantic Ocean laden with an estimated $500m worth of Colonial-era treasure. The court in the southern port city of Cadiz instructed police to capture the vessels should they leave the British colony of Gibraltar, on Spain's southern tip, and enter Spanish waters. The reports came out late Tuesday night after the court had closed and it was
Hong Kong company Shagang Shipping has successfully obtained an order for the arrest of the HNA Group controlled vessel 'MV Bulk Peace' from the Western Australia District Registry. The move is part of a long-running legal campaign seeking payment of USD 66.4m from HNA Group. The claims arise from 2008 when Shagang Shipping chartered a capesize bulk carrier MV Dong-A Astrea, owned by Dong-A Tankers, to a HNA Group company, Grand China Shipping Company Limited, for a period of seven years
Petrobras files writ of mandamus against an injunction suspending Transocean's activities in waters offshore Brazil. (Mandamus is an extraordinary writ commanding an official to perform a ministerial act that the law recognizes as an absolute duty and not a matter for the official's discretion. (Source: Advanced English Dictionary). Petrobras filed a writ of mandamus, in the capacity of injured third party, to suspend the injunction granted on July 31
A group of activists have proposed that the merger of Exxon and Mobil be halted until Exxon pays a $5 billion court-ordered settlement to thousands of people affected by the 1989 Exxon Valdez oil spill. The appeal was linked to the oil spill's 10th anniversary on March 24 and the start of the 16th biennial International Oil Spill Conference in Seattle. The event is sponsored by the USCG, EPA, IMO and International Petroleum Industry Environmental Conservation Association.
According to Reuters, Hyundai Heavy Industries Co. reported a net profit in the third quarter because of more profitable orders and one-off gains from an accounting change. Earnings at South Korean shipbuilders, which dominate the global market, are set to improve due to falling steel plate prices and a more stable South Korean won. But analysts are concerned vessel prices could weaken in the coming quarters due to sluggish global trading volumes and as Chinese shipyards boost capacity
Striking Israeli dockworkers defied a court order on Thursday and shut down the country's two main seaports for a second day in protest at the creation of two new foreign-run ports. Spokesmen for the ports of Ashdod and Haifa said 2,400 workers had left their posts and union leaders had gone
Iran released a Marshall-Islands flagged container ship Maersk Tigris and its crew has been released by Iranian authorities after the cargo company that owns it resolved a financial dispute which had been the subject of a court order.
Iran has released a Marshall-Islands flagged container ship and its crew which were seized last month in one of the world's major oil shipping lanes, the vessel's operator said on Thursday. It confirmed reports from Iran. The vessel was diverted on April 28 by Iranian patrol boats in the
The Danish shipping giant Maersk Line is still trying to obtain details of the Iranian court ruling that resulted in seizing Maersk Tigris by the Iranian authorities over an alleged commercial dispute. While the Iranian claimant in the Maersk Tigris case warns vessel could be put
U.S. Navy warships have begun accompanying British-flagged commercial vessels through the Strait of Hormuz as a result of Iran's detention of a Marshall Islands-flagged cargo ship last week, the Pentagon said on Monday. Army Colonel Steve Warren, a Pentagon spokesman, said the U.S
Iran's foreign minister told an audience in New York City on Wednesday that Tehran respects freedom of navigation in the Gulf, a day after Iranian patrol boats seized a Danish container ship in one of the world's busiest oil shipping lanes.
Iran seized a Western commercial cargo ship in the Persian Gulf early Tuesday and ordered it to sail into Iranian territorial waters. Pentagon says MV Maersk Tigris, which was thought to have entered Iranian waters, was intercepted by Iranian vessel – but did not belong to US
Naval units from Iran's elite Islamic Revolutionary Guards Corps (IRGC) seized a cargo ship in the Gulf on Tuesday for legal reasons, an IRGC source was quoted as saying by state news agency IRNA. The report, which described the ship as "an American cargo vessel with a Marshall
The Iranian navy seized a ship on Tuesday at the request of Iran's Ports and Maritime Organization, the English-language service of Iran's semi-official Fars News Agency reported. "The ship is a trade vessel and has been seized by the Iranian navy," said Fars
On April 24, Petrobras submitted a request to assist the Federal Prosecutors Office in seven criminal lawsuits related to Operação Lava Jato (Operation Car Wash), in which the company is the defendant. These lawsuits have been filed at the 13th Federal Court in Curitiba
Six Greenpeace activists opposed to offshore drilling in the Arctic have abandoned a Seattle-bound drill rig they boarded in the Pacific Ocean six days ago. Rough seas prompted the decision, Greenpeace said. The protesters rappelled off the an oil rig leased by Royal Dutch
A third dry cargo shipper has filed for bankruptcy this month following a collapse in freight rates to historic lows in what shippers call the worst market conditions since the 1980s. South Korea's Daebo International Shipping Co Ltd filed a court receivership, a form of corporate bankruptcy
A group of shipping companies and a powerful dockworkers union clinched a tentative labor deal on Friday after nine months of negotiations, settling a dispute that disrupted the flow of cargo through 29 U.S. West Coast ports and snarled trans-Pacific maritime trade with Asia.
LOS ANGELES, Feb 18 (Reuters) - Two U.S. Cabinet secretaries joined congressional leaders, three governors and a big-city mayor on Wednesday in pushing shipping lines and the dockworkers' union to settle a contract dispute that has led to months of turmoil and cargo backups at 29 West Coast ports
U.S. Labor Secretary Tom Perez on Tuesday urged shipping company executives and union leaders for 20,000 dockworkers to settle a contract dispute that has led to months of clogged cargo traffic and other disruptions at 29 West Coast ports.