Oregon settles with owners of New Carissa

Tuesday, May 30, 2006
The Oregon Department of State Lands (DSL) reached a settlement with the owners of the wood chip carrier NEW CARISSA regarding removal of the wreckage. The owners have agreed to pay $22.1m, which the state will use to pay its legal expenses and to complete the wreck removal. The DSL released a Fact Sheet discussing the settlement process; a Summary providing an overview of the grounding on February 4, 1999 and some subsequent developments related to the wreckage; and a Timeline discussing all major events including attempts to burn the fuel onboard with napalm, the re-grounding of the bow section, and the ultimate sinking of the bow section using a torpedo fired by a US Navy submarine. source: HK Law

Contracts

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Legal

Hapag-Lloyd Shareholders Okays Merger with UASC

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Yangzijiang Shipbuilding to Slash 2,000 More Jobs

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Australia Warns DCNS after Security Breach

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