Oregon Shipbreaking Bill Introduced

Tuesday, February 20, 2007
State Senator Verger introduced a bill (SB 432) to allow shipbreaking in Oregon only in a graving dock or a floating drydock. If enacted, the measure would prohibit shipbreaking at a pier or slip or in any other manner that allows hazardous materials, fouling communities, or fouling organisms to enter Oregon’s territorial sea. Source: HK Law

Contracts

Banks Halt Support for Hanjin

A bankruptcy would be biggest ever for a container shipper. Hanjin Shipping Co's banks are halting support for the South Korean company, its lead creditor said,

Austal Dives into Loss

Australia’s largest shipbuilder Austal posted a full year loss of $84.28 million because a program to build war ships for the US Navy took longer than expected.

Russian Shipbuilder Signs $1 bln Oil Rigs Contract with Iran

Russian shipbuilder Krasnye Barrikady and Iran's Tasdid Offshore Development Company (TODC)  have signed a deal worth $1 billion to build five offshore drilling

 
 
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