Two Somalis Sentenced to Life in Prison for Acts of Piracy Against the S/V Quest. Muhidin Salad Omar, a/k/a “Muhiyaden Salad,” a/k/a “Gurdan,” a/k/a “Gardan,” a/k/a “Gurden,” a/k/a “Muhdin,” a/k/a “Dudan,” 30, and Mahdi Jama Mohamed, a/k/a “Mahdi…
New Capital Structure Provides Opportunity for Significant Deleveraging. Horizon Lines, Inc. (NYSE: HRZ) today announced that it has completed a comprehensive refinancing of the company's entire capital structure. The new capital structure…
Omega To Continue To Operate in the Ordinary Course of Business. Omega Navigation Enterprises Inc. (ONAVQ) announced today that, in connection with its Chapter 11 proceedings in Houston, Texas, the Court has granted the continuing use of cash collateral through December 12…
THE London P&I Club has warned that shipowners face a significant increase in exposure to claims and fines levied against them in jurisdictions which suffer from a combination of high interest rates and a reputation for protracted legal proceedings…
Liberty Maritime Corporation (Liberty Maritime) of Lake Success, New York today announced that it has entered into a new collective bargaining agreement with the American Maritime Officers (AMO) union under which the AMO will provide U.S. citizen…
The St. Lawrence Seaway Management Corporation (SLSMC) was served with a notice by the Canadian Auto Workers Union (CAW) at 12:00 noon today of its intent to begin strike action on Monday, October 3rd at 12:00 noon. The CAW represents the Seaway’s 475 unionized employees…
The U.S. Coast Guard announced Friday that, in cooperation with federal and international partners, it has seized a fishing vessel and crew suspected of large-scale illegal high-seas drift net fishing in the North Pacific Ocean and is delivering…
The UK P&I Club recently completed a series of three short articles which provide a user friendly guide to the mystery surrounding electronic chart display and information systems (ECDIS). These have now been consolidated into a 16-page booklet…
The operation of vessels in international commerce has never been more complicated than it is today, particularly from the standpoint of regulatory compliance. A vessel operator must be cognizant of international, national, state and local regulatory requirements…
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…
