Search results for: stay of proceedings

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A list of search results

  • 23 September 2016
    Business & Finance

    South Korea’s financially troubled ocean carrier Hanjin Shipping has been cleared to unload and load containers at German ports after a German court accepted the company’s request for stay of proceedings, Yonhap News Agency reports. Apart from Germany, Hanjin has had its stay of proceedings requests accepted in Japan, the UK, and the USA, with […]

  • 14 September 2015
    Business & Finance

    Indian-owned dry bulk specialist Mercator Lines (Singapore) Limited has asked the Singapore High Court for a stay of proceedings against the company to oppose an application filed on September 10 by its creditor – the Singapore branch of HSH Nordbank AG –  which would place the company under judicial management. Mercator Lines has also asked the court for leave to convene meetings of […]

  • 14 September 2015
    Business & Finance

    Indian-owned dry bulk specialist Mercator Lines (Singapore) Limited has asked the Singapore High Court for a stay of proceedings against the company to oppose an application filed on September 10 by its creditor – the Singapore branch of HSH Nordbank AG –  which would place the company under judicial management. Mercator Lines has also asked the court for leave to convene meetings of […]

  • 17 August 2016

    Subsidiaries of Trinity Exploration and Production, a debt-laden oil and gas company operating in Trinidad and Tobago, have filed for bankruptcy protection. The subsidiaries in question are Trinity Exploration and Production (Trinidad and Tobago) Limited, Galeota Oilfield Services Limited, Trinity Exploration and Production (Galeota) Limited, Tabaquite Exploration & Production Company Limited, Trinity Exploration and Production (GOP) Limited, […]

  • 12 November 2015
    Business & Finance

    The financially troubled dry bulk shipping company Mercator Lines (Singapore) Limited has requested for the trading of its shares at the Singapore Exchange to be suspended after HSH Nordbank AG Singapore Branch, the company’s creditor, asked for an interim judicial manager to be appointed. Back in September, HSH Nordbank filed an application at the Singapore High Court for the […]

  • 15 July 2011

      Davie Yards announced today that it has terminated discussions with Fincantieri – Cantieri Navali Italiani, regarding the proposed acquisition of the shipyard. “The interested parties have concluded that it is not possible to reach an agreement within the time allowed to submit a bid on July 21st for the National Shipbuilding Procurement Strategy (“NSPS”)” […]

  • 9 November 2018
    Authorities & Government, Business & Finance, Operations & Maintenance, Research & Development, Technology, Vessels

    The Supreme Court of Nova Scotia has granted one month of creditor protection to OpenHydro Technologies Canada, during which the company will try to find a way to get the broken 2MW tidal turbine out of the waters of the Bay of Fundy in Canada.

  • 11 November 2018
    Business & Finance, Operations & Maintenance, Research & Development, Technology

    MarineEnergy.biz has compiled the top news from marine energy industry from November 5 – 11, 2018.

  • 25 April 2016

    Marco Polo Marine, a Singapore-based marine logistic services provider, has won a grant of stay of legal proceeding initiated by the PPL Shipyard against the company. To remind, the PPL Shipyard, a Sembcorp Marine subsidiary, in December 2015 started a legal action against Marco Polo over a jack-up rig contract termination the company had ordered […]

  • 3 March 2016

    Offshore ship owner Tidewater is eligible to collect a portion of a cash claim it made against Venezuela for the expropriation of its oilfield services business in 2009. To remind the World Bank Tribunal in March 2015 ruled that Venezuela should pay $46.4 million plus interest to Tidewater regarding the expropriation of the company’s eleven vessels. […]

  • 25 January 2019
    Equipment

    The Patent Trial and Appeal board of the U.S. Patent Office denied a petition for inter partes review challenging the validity of the ‘589 Patent that had been brought by Seabed Geosolutions. Magseis Fairfield is asserting that Seabed’s MANTA system infringes the ‘589 Patent in a case brought in the Southern District of Texas. “While the Court has […]

  • 25 January 2019
    Equipment

    Norwegian Magseis Fairfield has defeated a patent challenge brought on by its rival Seabed Geosolutions. 

  • 3 June 2006

    It has been a slow Leg 8 so far. The wind might have jumped to the giddy heights of 15 knots for a brief period at the start on Friday, but since than has stayed pegged well below ten knots. The fleet are in two minds as how best to proceed. At daybreak the three […]

  • 9 September 2013

    Mayer Brown, a global law firm, announced that on September 4 the Vietnam Shipbuilding Industry Group (Vinashin), a Vietnamese government-owned company registered in Vietnam, successfully applied to the High Court for sanction of a scheme of arrangement with certain of its creditors pursuant to a US$600 million facility. Vinashin was the 5th largest shipbuilder in […]

  • 4 April 2016
    Exploration & Production, Project & Tenders

    Awilco Drilling, a UK based drilling contractor that owns two semi-submersible drilling rigs, has informed that the yard stay for the WilPhoenix rig is taking longer than anticipated and in the meantime the rig remains berthed at Hartlepool on zero dayrate. The WilPhoenix semi-sub drilling rig, equipped for drilling in water depths up to 1,200 ft, […]

  • 27 April 2016

    Awilco Drilling, a UK based drilling contractor, has informed that the semi-submersible rig WilPhoenix is ready to continue its contract with Apache in the North Sea, but the oil company does not seem to agree with Awilco.  After the yard stay for the WilPhoenix rig took longer than anticipated leaving the rig berthed at Hartlepool […]

  • 14 August 2015
    Business & Finance, Equipment, Operations & Maintenance

    GAC Hong Kong informed today that, for approximately eight weeks, underwater CCTV inspection and repair works for the cathodic protection system of the Eastern Harbour Crossing will be carried out within the area bounded by straight lines. The works will involve diving operations from time to time using the abutting seawall as the base of […]

  • 4 June 2014
    Business & Finance, Project & Tenders

    There may soon be nothing left in Bimini to argue over according to attorney Fred Smith, QC, as a massive seafloor dredging operation was allowed to continue during a court postponement, with 38% of the work already complete thanks to a “dramatically increased” rate of excavation. Mr. Smith, who represents Bimini Blue Coalition (BBC), a […]

  • 8 July 2015
    Business & Finance

    Samsun Logix Corporation, South Korea’s seventh largest shipping line, has applied to the Korean court to enter into rehabilitation proceedings. The submission was filled for the commencement of rehabilitation proceedings with Seoul Central District Court on 3 Jul 2015, marine insurer the West of England informed. This is the second time that Samsun Logix has applied for […]

  • 8 July 2015
    Business & Finance

    Samsun Logix Corporation, South Korea’s seventh largest shipping line, has applied to the Korean court to enter into rehabilitation proceedings. The submission was filled for the commencement of rehabilitation proceedings with Seoul Central District Court on 3 Jul 2015, marine insurer the West of England informed. This is the second time that Samsun Logix has applied for […]

  • 21 September 2015
    Business & Finance, Operations & Maintenance

    Submarine outfall inspection works have begun off Sham Tseng, a coastal area in Tsuen Wan District, Hong Kong, and will be carried out for a period of approximately one week. According to, Government of Hong Kong SAR Marine Department the works will be carried out by a work boat, and one guard boat will provide assistance. A […]

  • 4 June 2013

    Seadrill, one of the world’s largest drilling contractors has taken delivery of the T-16 tender rig from the China’s COSCO Nantong shipyard. The T-16 rig will, this month, start contract with Chevron in the Gulf of Thailand. The rig, capable of operating in water depths of up to 6,500 feet will stay with Chevron until […]