The Commercial Court dismissed a shipowners’ claim for hire exceeding USD 4.5 million for the period that the vessel ‘Eleni P’ was seized and detained by Somali pirates in the Arabian sea. In this decision the court applied fundamenta…
Hire Suspended for Vessel Seized by Pirates Read More »
Is terrorism the new norm for shipping? THE STORY On the 13/06/2019, two oil tankers were victim to what has been described as “sabotage” attacks in the Gulf of Oman, leaving one ablaze and both adrift. Following, a similar incident involving four tank…
Shipping at the spotlight of terrorism Read More »
The Poseidon Principles launched on the 18 June 2019, with founding signatories including Citi, DNB, Societe Generale, ABN Amro, Amsterdam Trade Bank, Credit Agricole CIB, Danish Ship Finance, Danske Bank, DVB, ING and Nordea. Together they have a comb…
The Poseidon Princples: Will They Affect Me? Read More »
In Tritton Resources Pty Ltd v Ever Rock Navigation S.A. [2019] FCA 276, the Federal Court considered the application of the time bar under the Amended Hague Visby Rules and the entitlements of the consecutive owners of cargo under a bill of lading to …
Consecutive owners of cargo: who holds title and the right to sue? Read More »
Any vessel flying a non-Russian flag is not allowed to enter Russian territorial waters by default. The access is granted only to vessels under Russian flag with no restrictions. At the same time, many international companies are interested in particip…
Access of foreign-flagged vessels to Russia: cabotage permits Read More »