NYMAR Elects New Officers and Directors
New York Maritime Inc. (NYMAR) has elected new officers and three new directors. William J. Honan III, a partner in the New York office of law firm Holland & Knight, has been elected chairman, succeeding founding chairman Robert J. Gruendel. "This is an exciting time to be at the helm of NYMAR as we grow and promote the exceptional opportunities for the shipping industry in New York," Honan said. "The city’s creativity, energy and perseverance are unmatched anywhere else. Other officers elected at a board meeting on January 12 were Keith W. Heard, a partner in the law firm of Burke & Parsons, as vice-chairman; Lawrence Rutkowski, partner and head of the Transportation Finance group in the law firm of Seward & Kissel…
Tanker Case Comes Clean
David Martin Clark has drawn attention to a recent arbitration award from the Society of Maritime Arbitrators in New York in the case of Giant Shipping Ltd v Tauber Oil Company. The case concerns the readiness of a tanker to load carbon black feedstock, having previously carried a cargo of low sulphur waxy residue from Indonesia. Although on arrival at the load port, Galveston in Texas, the ship complied with the charterparty requirement that its tanks were free of any liquid and pumpable cargo residues, the majority of the panel found that it was not ready to load due to an excessive amount of the previous cargo still on board below the level of the heating coils. As a result, the shipowners' claim for demurrage was reduced.
