Court Interprets Settlement Agreement

Thursday, February 10, 2005
The U.S. Court of Appeals for the First Circuit interpreted a settlement agreement between an insurance company and a shipowner in order to determine whether the insurance company was entitled to share in the shipowner’s subsequent settlement with a third party in a claim relating to loss of the ship. Home Insurance Company v. Pan American Grain Manufacturing Co., Inc., No. 03-2625 (1st Cir., February 4, 2005)(HK LAW)
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Ship Repair & Conversion

Shipbuilder HII Declares Quarterly Dividend

U.S. shipbuilder Huntington Ingalls Industries (HII) announced today that its board of directors has declared a quarterly cash dividend of $0.40 per share, payable on June 12,

Navy Sale Helps Hornbeck Earnings

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US Navy Warns Congress that Piecemeal Cruiser Upgrades Costly

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Finance

Research Award to Honor Outgoing ABB Chairman Gruenberg

ABB, the leading power and automation technology group, has created an international research award to honor Hubertus von Gruenberg, who is stepping down after

BP Shipping Marks its 100th Year

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Myanmar Awards Statoil, Conoco Phillips Deepsea Exploration Contract

Myanmar has awarded contracts to international oil majors Statoil and ConocoPhillips for oil and gas exploration in a deepwater offshore block, the official Kyemon Daily said on Sunday.

 
 
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