Gulf Navigation Settles Debt with Nordic American Tankers

Dubai-based owner and operator Gulf Navigation Holding PJSC (Gulfnav) has signed a new settlement agreement with tanker owner Nordic American Tankers (NAT), thereby fully settling the long standing debt that GulfNav owed to NAT.

EU sets new rules on GRIs in settlement in box line price-fixing probe

The EU has ruled that container lines cannot be make general rate increases (GRIs) more than 31 days in advance, with companies bound by the maximum rate level for period of announcement. ...

Settlement of the Cyprus dispute would boost shipping industry

The Cypriot ship registry currently ranks 10th in the world and third in the European Union, but this achievement would pale into insignificance if the industry’s “Achilles heel” was to disappear with the
 settlement of the Cyprus problem which divides th

There is no $1.7bn Brazil settlement, says SBM Offshore

SBM Offshore has stated that it has not made any settlement with Brazilian authorities, following a media report in Brazil of...

(ILWU) and(PMA)Begin process for settlement talks

The U.S. Federal Mediation and Conciliation Service (FMCS) announced today that it has received a request from...

An International Shipping Arbitration Court Will Be Established in Dalian

Dalian would strengthen case quality management, improve case efficiency and keep th...