New Jersey officials said the state will receive $125 million from a legal settlement with Denmark’s Orsted ORSTED.CO over the company’s cancellation last year of two offshore wind farm projects.The New Jersey Board of Public Utilities said in a statem…
Orsted, New Jersey Reach Settlement Over Canceled Offshore Wind Farms Read More »
Shipowner now has eight LR2s booked at Guangzhou Shipyard International
We are heading into a more complex world for shipping, where operators worldwide are navigating an evolving landscape of regulations and technological advancements. As a result, collaboration is increasingly proving to be the key to innovation and deve…
“The limits in daily transits in the Panama Canal have significantly affected the dry bulk market, with transits down 74% y/y between January and April 2024. During this period, sailing distances for completed voyages in the affected routes rose 31% y/…
Dry bulk sailing distances jump 31% for routes using the Panama Canal Read More »
The decision handed down in Maersk Guinea-Bissau, SARL & Anor -v- Almar-Hum Bubacar Balde SARL (Raquel S) [2024] EWHC 993 (Comm) provides useful guidance on incorporation of standard form contractual terms, in this case a Himalaya clause and exclus…
Confirmation on use of standard terms Read More »