Search results for: claim

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  • 5 January 2015
    Business & Finance

    The Grupo Unidos por el Canal (GUPC) consortium said it has won a USD 234 million settlement in a dispute concerning cost overruns in the construction of the third set of locks at the Panama Canal. As announced,  independent technical organization the Dispute Adjudication Board (DAB) established within the framework of the contract between GUPC and […]

  • 13 February 2015
    Business & Finance

    Half of the costs of hull and machinery claims handled by the Swedish Club have arisen due to navigational claims such as collisions, contacts or groundings, the Club says in a release. The Gothenburg-based marine insurer says that this figure has remained steady over recent years despite improved technology and the widespread implementation of Safety Management […]

  • 31 May 2016
    Business & Finance

    The Court of Appeal in The Hague has ruled in favor of Fugro and dismissed a claim by Boskalis to ‘force’ a shareholders’ vote on a non-binding recommendation in respect of one of Fugro’s three protective measures. On March 17, 2015, the District Court also ruled against Boskalis to have a shareholders’ vote on termination of […]

  • 31 January 2014
    Business & Finance

    Nordic American Tankers (NAT) today announced that an arbitration panel in London has ruled in favour of NAT. Gulf Navigation Holding PJSC (GulfNav) was the other party in the arbitration. The case relates to the 6 year bareboat charter with GulfNav of the Suezmax vessel Gulf Scandic (now named Nordic Harrier) covering the period from […]

  • 16 January 2018
    Operations & Maintenance

    BP has informed that it will take a post-tax non-operating charge of around $1.7 billion in its fourth quarter 2017 for the Deepwater Horizon claims.  The Court Supervised Settlement Program (CSSP) established as part of the Deepwater Horizon (DWH) class action settlement is winding down. BP now expects to take a post-tax non-operating charge of around $1.7 billion for […]

  • 5 June 2014
    Business & Finance

    Bluewater Energy Services B.V. has secured a contract with Saipem SA for the engineering of two complete deep water Turret Mooring Systems and the related procurement and construction of two Turret and Swivel Systems. The Turret Mooring Systems will be part of two converted FPSO units, owned by Total, for the Kaombo deep water Field […]

  • 8 December 2014
    Business & Finance

    Careless errors by ship agents are resulting in costly claims, according to indemnity insurer ITIC. In the latest issue of its Claims Review, ITIC cites the case of a ship agent which incorrectly calculated two pro-forma invoices in respect of port dues, using the cheaper rate for a cargo of malt, rather than the rate […]

  • 19 February 2013
    Business & Finance

    The Gladstone Ports Corporation (GPC) has not breached any conditions of the Western Basin Dredging and Disposal Project (WBDDP) license. The Western Basin project has over 600 project conditions which provide a comprehensive set of environmental requirements set by the Commonwealth and State governments. GPC meets these conditions including all audit requirements. Regular and ongoing […]

  • 26 October 2016
    Business & Finance

    Charter owners, terminal operators and container lessors have been identified as the largest among Hanjin Shipping’s claim creditors, according to Alphaliner. Non-operating containership owner Seaspan tops the list of individual creditors with outstanding claims of KRW 46 billion (USD 41.6 million). Together with other containership owners identified by Alphaliner, total claims for unpaid charter hire and […]

  • 18 September 2013

    Schlumberger’s subsidiary WesternGeco has filed a complaint against PGS in Houston alleging infringement of four patents. These patents were part of the litigation between WesternGeco and ION Geophysical regarding the DigiFIN steering device. For the case to continue WesternGeco will also have to take steps to serve the complaint against PGS. “PGS is of the […]

  • 2 October 2007

    Meyer Werft delivered the 93,500-gt cruise ship ‘Norwegian Gem’ to the cruise company Norwegian Cruise Line (Miami, USA) in the Dutch port of Eemshaven. The ‘Norwegian Gem’ is the fourth ship out of a series of four the Papenburg shipyard is building for Norwegian Cruise Line (NCL). The ship combines modern event gastronomy of NCL’s […]

  • 5 April 2016

    Following recent reports of Kvaerner’s involvement in a major international oil industry corruption scandal including Monaco-based company Unaoil, the Norwegian company has denied the allegations.  In a statement on Tuesday, Kvaerner said: “Media has brought forward allegations about Unaoil’s business practices as a supplier to a number of companies, including Aker Kvaerner. Kvaerner believes that its project execution […]

  • 13 December 2017
    Business & Finance

    Chinese shipbuilders have beaten their Korean counterparts this year having snapped the biggest share of orders.

  • 24 August 2010
    Business & Finance

    BP, which has transitioned its individual and business claims program to the Gulf Coast Claims Facility (GCCF), said today it made claim payments of nearly $400 million during the 16 weeks it managed claims related to the oil spill in the Gulf of Mexico. BP noted the following claims activity since May 3 when it […]

  • 13 December 2019
    Business & Finance

    MSC reiterated its commitment to the environment after it was called out as one of the EU’s top ten polluters.

  • 7 October 2014
    Business & Finance

    Star Borealis LLC, a subsidiary of dry bulk cargo shipping company Star Bulk Carriers Corp., has sold the rights to the claim against Pan Ocean to an unnamed third party for a little over USD 8 million. Following the settlement and adjudication of the claim for damages and due hire related to the repudiation of the […]

  • 28 May 2007

    From the Barrow shore, the ice appears to stretch forever. With feet planted in soft, squelching Arctic mud, you strain to make sense of the jumbled ridges and crags of ice which serrate the white terrain.

  • 5 December 2012

    Some 25 nautical miles (NM) off the place where Russian ship Volgo Balt 199 sank yesterday, a cargo ship BBC Adriatic was caught by storm and got stranded on the same day, the Maritime Bulletin reports. A German cargo ship BBC Adriatic was washed out ashore by high swells near Kumkoy, west of Istanbul Strait. […]

  • 19 June 2019

    The company claims a range of 6,000 nautical miles.

  • 13 December 2017
    Business & Finance

    The Brazilian authorities have canceled the tax claim against Vard Holdings Limited following the company’s appeal, the company said. The claim dates back to August 2014 and relates to the transfer pricing of goods and services delivered from the company’s Norwegian subsidiaries to Vard Niterói, and the tax treatment thereof. The tax assessment has been […]

  • 14 July 2015

    South Korea’s Compensation Review Committee has approved compensation for 96 claims related to the last year’s Sewol ferry sinking in which 304 out of 476 passengers and crew had lost their lives, the country’s Ministry of Oceans and Fisheries reports. At the time of the accident, the ferry was carrying 325 high school students, 75 of whom […]

  • 16 December 2015
    Business & Finance, Equipment, Operations & Maintenance

    The Ramform Titan working offshore Myanmar, in the Bay of Bengal, is towing ‘the industry’s first ever’ single vessel 18-streamer seismic operation. According to Petroleum Geo-Services (PGS), over a mile across, this is the first time the company has deployed 18 streamers, and also achieved the widest deployment on record. “The Ramform Titan seismic spread is 18 […]