Owner of Salved and Salving Vessels Entitled to Salvage Award

Wednesday, August 06, 2003
The U.S. Court of Appeals for the Ninth Circuit ruled that a company that owns both the salved vessel and the vessel performing salvage may be entitled to share in the salvage award. In the instant case, a tug owned by the company caught fire while towing a barge in the Gulf of Alaska. The company diverted another one of its tugs to the scene. This second tug had been equipped with salvage gear. The second tug brought the first tug and the barge under tow and they eventually reached port. The crew of the second tug sued for a salvage award. In addition to resisting the suit, the company contended that it was entitled to share in any award the court might make. The trial court awarded salvage to the crew, but denied any proceeds to the company. The appellate court held that the right to remuneration for salvage services is not affected by common ownership of the two vessels involved. The issue is whether the salving vessel was put at risk. Bartholomew v. Crowley Marine Service Source: HK Law

Legal

Vallianz Rejects Payment Request from Swiber Managers

Vallianz Holdings, which provides support vessels for the oil industry, said on Wednesday it had refused a request from the judicial managers of shareholder Swiber Holdings to pay around $63.

Hyundai Merchant Marine to buy Hanjin's 'Good' Assets

South Korea's financial regulator said on Wednesday that Hyundai Merchant Marine Co Ltd will seek to acquire healthy assets of troubled shipper Hanjin Shipping Co Ltd.

Hanjin files for Receivership, Ports Turn Away Vessels

Hanjin says asks court for its assets to be frozen; Hyundai Merchant looking to buy Hanjin's "good" assets. South Korea's Hanjin Shipping Co Ltd filed for court

Finance

KfW IPEX-Bank Boosts its Presence at SMM

In an interview the departing head of the KfW IPEX-Bank Maritime Industries department, Dr. Carsten Wiebers offers insight into the facets of international ship

Hyundai Merchant Marine to buy Hanjin's 'Good' Assets

South Korea's financial regulator said on Wednesday that Hyundai Merchant Marine Co Ltd will seek to acquire healthy assets of troubled shipper Hanjin Shipping Co Ltd.

APM Terminals to invest $70 mln in Port Elizabeth Terminal

The Port of New York and New Jersey is the largest port on the US East Coast and third largest in the United States with 6.37 million TEU handled in 2015.  In 2014,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Offshore Oil Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction 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: 0.0786 sec (13 req/sec)