Oil Spill Proceeds Of Settlement to Fund Projects and Restore Natural Resources Largest Oil Pollution Act Settlement in History of the Law. Federal, state and Bay-area officials announced a comprehensive civil settlement with the owners and operators of the M/V Cosco Busan…
Company Makes $7.0 Million Semi-Annual Interest Payment on 4.25% Convertible Notes within Grace Period. Refinancing of Company's Capital Structure on Schedule.Horizon Lines, Inc. (NYSE: HRZ) today announced that it has closed on a bridge loan facility of up to $25…
The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE)/U.S. Coast Guard Joint Investigation Team (JIT) today released its final investigative report on the April 20, 2010, Deepwater Horizon explosion, loss of life, and resulting oil spill…
German Shipping Company Sentenced in Puerto Rico to Pay $800,000 Penalty for Intentional Cover-Up of Oil Pollution.WASHINGTON – Uniteam Marine Shipping GmbH, a German corporation, was sentenced in federal court in San Juan, Puerto Rico,…
Randive, a commercial diving company based in New Jersey, is employing underwater metal detectors in their search and salvage operations. The company was founded in 1959 by Randor Erlandson, and in the early days focused primarily on the…
Marco Polo Seatrade receives court approval to continue to use revenues in the business.The Marco Polo Seatrade group of companies that filed for Chapter 11 on 29th July 2011 has taken a significant step forward in the US Chapter 11 restructuring process…
The subject of Carbon Dioxide dominates the future of many industries today. Whether it be the Shipping, Automotive, Aviation, or Power Generation industries the questions of how to account for, reduce, produce, capture and minimise the impact…
On August 24, 2011, a three-judge panel of the U.S. Court of Appeals for the 7th Circuit refused to issue a preliminary injunction to force the closure of locks on the Chicago Area Waterway System (CAWS). The case stems from the controversy…
22 Men Held Hostage for Seven Months as Alleged Negotiator Secured Ransom Paid for ReleaseThe man accused of being the negotiator for the ransom of four U.S. citizens held hostage on the high seas has been indicted for his alleged role in…
Puerto Rican-based Shipping Company Sentenced to Pay $700,000 Penalty for Intentional Cover-Up of Oil Pollution. WASHINGTON – Epps Shipping Company, a Liberian corporation doing business out of Carolina, Puerto Rico, was sentenced in federal…
STATEMENT OF BOLLINGER SHIPYARDS LOCKPORT, L.L.C.Since its founding, Bollinger Shipyards has operated on the principle that “quality is remembered long after the price is forgotten.” Three generations of the Bollinger family have…
Netherlands law firm AKD says that, while beleaguered shipowners may be looking increasingly to Chapter 11 filings in the United States to protect their financial interests, the fact is that Chapter 11 does not enjoy the force of law throughout the world…
Hutton's has signed an exclusive contract to supply medical equipment and to provide annual survey services for Vector Offshore Limited.Vector's fleet of offshore support vessels operates out of Aberdeen and each uniquely carries two Autonomous…
OSX, an EBX Group Company focused on offshore naval industry, received the Installation License for its Shipbuilding Unit, which will be installed at the Açu Superport Industrial Complex, in São João da Barra (RJ). The document was issued on June 22nd…
Blank Rome LLP’s Gregory Linsin and Jeanne Grasso explain the challenges and lay out a cogent solution…Current Trends in MARPOL EnforcementThe United States has long been aggressively enforcing compliance with the International Convention for the Prevention of Pollution from Ships…