California Company Settles Oil Spill Case For $9 M

Tuesday, September 28, 1999
Privately-owned company Pearl Shipping has reportedly agreed to pay $9.4 million in compensation for an engine fuel spill from one of its tankers off California last year. Compensation will be made to the state of California and the United States for any environmental damage and expenses arising from the 3,000 gallon spill from the tanker Command on Sept, 26,1998.

Legal

Industry Wants Hanjin Shipping to Merge with Hyundai Merchant Marine

The Korea Shipowners’ Association (KSA) has officially suggested Hanjin Shipping merge with Hyundai Merchant Marine (HMM) to prevent  court receivership and liquidation, reports Business Korea.

Securing the Scorpene: DCNS to Move Court

The French shipbuilder DCNS plans to seek an injunction to prevent further publication of information contained in 22,400 secret documents about stealth submarines built for India,

SOS from Hanjin Shipping

The creditors' extended help is crucial for survival of Hanjin Shipping Co as its negotiations with owners of chartered ships over a cut in leasing rates and to

 
 
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