Odfjell Clarifies Lawsuit Details

Wednesday, November 26, 2003
Odfjell has released a statement in hopes of clarifying certain misconceptions reported yesterday. First, the plaintiff in a lawsuit has to prove he has suffered a loss from any illegal action. What is recoverable for the plaintiff is the proven loss. As previously stated, it is our opinion that Odfjell Seachem's customers have not suffered any loss from the antitrust violation. Secondly, if a plaintiff can prove he has suffered a loss, US law sets the maximum compensation to three times the proven loss. Media has grossly incorrect reported this amount to three times the total freight paid. Thirdly, we would like to reiterate that as of today these lawsuits have not been served Odfjell. Because these matters are at an early stage, we are unable to provide further information for the time being.
Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Legal

China: Philippines Violating South China Sea Code

China has accused the Philippines of violating a 13-year-old informal code of conduct in the South China Sea with its building work on disputed islets, firing back

Strengthening Danish-Brazilian Cooperation

Brazil continues to be an important area for Danish shipping interests and, with the signing of a new agreement on cooperation with the Brazilian authority ANTAQ

Quad Cities Kicks Off Navy Week

Quad Cities Navy Week kicked off May 4 with a science, technology, engineering and mathematics (STEM) presentation by USS Constitution and Explosive Ordnance

Environmental

Steel Cut for Middle East's First LNG Harbor Tug

Drydocks World and Maritime World marked a milestone at the steel cutting ceremony for the Middle East’s first LNG powered harbor tug Elemarateyah. Held in Drydocks

Shell's Arctic Return Faces Hurdle at Seattle Port

Royal Dutch Shell's quest to return to Arctic drilling for the first time in three years could face delays after Seattle ruled that the city's port must apply for

Jotun Reports Boosted Interest in Mesh-Free PFP Coating

Jotachar JF750, the mesh-free Passive Fire Protection (PFP) for all jet fire scenarios, an epoxy coating system for structural steel, has generated industry interest,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Offshore Oil Pipelines Port Authority Salvage Ship Simulators Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0888 sec (11 req/sec)