Naval architect and marine engineering company Foreship has created a wholly-owned subsidiary located in Tallinn to strengthen ties with shipowners, shipyards and marine equipment suppliers in Estonia, and support the development of locally-based design skills…
South Korea’s Hanjin Shipping is planning on submitting a self-rescue plan to creditors this week to stave off bankruptcy by Aug. 25, reports Korea Herald quoting local media. According to the shipper, the plan includes details on securing…
U.S. Coast Guard, industry working together in preparation for the implementation of inspected towing vessel regulations Marine Inspectors from Marine Safety Unit (MSU) Portland conducted a field dry dock examination, Wednesday, to educate…
United States District Court Judge Leslie E. Kobayashi today accepted the guilty plea of Doorae Shipping Co., LTD, a South Korean maritime operations company, and sentenced the company to pay a fine of $275,000, and a term of three years of…
Inspectors of Lloyd’s Register are optimising inspection regimes thanks to their accredited status using the OVID web based inspection tool to reference inspection reports.“OVID has been designed to provide a number of positive benefits…
Two senior engineering officers employed by an Italian shipping company admitted they deliberately concealed their vessel’s discharge of oily waste into the sea, U.S. Attorney Paul J. Fishman announced. Girolamo Curatolo, 50, of Custonaci…
Tony Nicholson, Senior Claims Director at UK P&I Club, outlines concerns around the Philippine legal system and praises the new ‘Seafarers Protection Act’. “Filipino seafarers make an immense contribution to the world’s ocean-going merchant shipping fleet and their home country…
The Coast Guard Cutter Isaac Mayo repatriated 54 Cuban migrants Tuesday to Bahia de Cabañas, Cuba.These repatriations are a result of five separate at-sea migrant interdictions in the South Florida Straits. In each instance, the Coast Guard helped secure the U…
International law firm Watson Farley & Williams (“WFW”) advised Crédit Agricole Corporate and Investment Bank (“CACIB”), SACE S.p.A. (“SACE”) and a syndicate of banks on the delivery of the cruise ship “Seven Seas Explorer” built by the Italian shipyard Fincantieri S…
Marshall Islands corporation headquartered in Stamford, Connecticut Eagle Bulk Shipping Inc has announced that it has closed its previously announced private placement of its common stock for aggregate gross proceeds of $88.0 million. After…
On 1st August, 2016, the European Commission adopted a decision granting recognition to the Indian Register of Shipping (IRS) in accordance with Regulation (EC) No. 391/2009 of the European Parliament.The Deputy Director General MOVE, Mr…
Braemar Adjusting has agreed a strategic partnership with Beckett Liquidadores de Seguros S.A of Chile, to act as its local resource partner in a number of countries in South America. Braemar Adjusting provides Loss Adjusting, Risk Assessment…
Ince & Co’s London and Piraeus corporate, finance and shipping teams have advised long-standing client Danaos Corporation on Korean container line Hyundai Merchant Marine Co. (HMM), Ltd.’s US$2.1 billion restructuring. New York Stock Exchange…
Specialist maritime solicitor Tatham Macinnes LLP announced that Nick Phillips has joined the firm as a solicitor consultant. Phillips joins Tatham Macinnes from Hill Dickinson and has spent more than 30 years as a solicitor and partner…
The Seoul Central District Prosecutors’ Office summoned the chief financial officer (CFO) of Daewoo Shipbuilding & Marine Engineering Co. (DSME ) today (Friday) over his alleged involvement in the financially troubled company’s accounting fraud…