Tongcheng Shipping bulker to be auctioned by court
Guangzhou Maritime Court will hold an auction for the 2011-built 7,200 dwt bulk carrier Tong Cheng 702 via online platform Taobao on May 6 at the request of creditor bank ICBC.
Does a Shipowner Have to Sell Its Ship in Order to Mitigate Its Loss? Supreme Court Says No!
In our client alert Does a shipowner have to sell its ship in order to mitigate its loss? in November 2016,...
Shipowner Who Tried to Skirt Club Rules Runs Aground in Court
The U.S. District Court for the Southern District of New York recently issued a decision finding that a...
Marshall Islands court dismisses Frontline suit against DHT
Drawing a line under Frontline’s attempts to take over rival DHT Holdings a Marshall Islands court has...
‘The Arundel Castle’ – High Court clarifies the meaning of ‘port limits’
The High Court has clarified the meaning of “port limits” in voyage charterparties which say that notice of readiness (NOR) can only be tendered within a specified port.
The Chinese Supreme Court clarifies and simplifies countersecurity requirements
In December 2016 the Chinese Supreme Court introduced new provisions which set time limits for the review of applications made to attach assets other than ships and clarified the amount and form of countersecurity that is acceptable.
Prevention Of Court Receivership: Hanjin Shipping Suggested Officially to Merge with Hyundai Merchant Marine
The Korean shipping industry has officially suggested Hanjin Shipping merge with Hyundai Merchant Marine (HMM).