Litigation Can Cost Shipbrokers an Arm & a Leg

A survey of London solicitors by specialist intermediaries insurer ITIC has highlighted the high cost of litigation for shipbrokers and others seeking judgment in the English courts,

Petrobras Defends US Refinery; Still Calls Deal Bad

Brazil's state-run oil company, Petroleo Brasileiro SA, on Tuesday defended its 2006 purchase of a refinery in Pasadena, Texas, even as it admitted the deal caused the company to lose money.

Canada pipeline opponents push for referendum

Opponents of Canada's Northern Gateway pipeline, bolstered by a coastal town's vote against the project, said on Monday they will now push harder for a provincial

BP head says Russian business unaffected by sanctions

Dudley reiterates BP stands by its Russian investments; now in Moscow for a Russian Geographical Society meeting. Western sanctions over Russia's actions in

Attestation / Endorsement services for seaman in UAE

The Maritime Administration of the United Arab Emirates has introduced services for the attestation of seaman contract and issuance of oil/chemical/gas tanker endorsement.

Concordia Captain Tried to Blame Wreck on Electrical Blackout

The captain of the Costa Concordia tried to persuade the crisis coordinator of the cruise line to pretend an electrical blackout had caused the shipwreck, a court was told on Monday.

Arcadia in Settlement Talks in CFTC Manipulation Case

Arcadia Petroleum and Parnon Energy have entered talks to settle accusations by the Commodity Futures Trading Commission that they fixed the physical crude oil market,

Hong Kong Bans Import of Kumamoto Poultry

Hong Kong’s Center for Food Safety (CFS) of the Food and Environmental Hygiene Department announced today, April 14, that in view of a notification from the Japanese

German Court: Utilities to be Reimbursed Nuclear Fuel Tax

A Hamburg court on Monday said it reached a preliminary decision that would see German utilities being reimbursed more than 2.2 billion euros ($3.06 billion) in

Germany: Russia will let tanks roll across borders

German Vice Chancellor Sigmar Gabriel warned on Monday of an escalation of the crisis in Ukraine, saying "Russia was clearly prepared to allow tanks to roll across European borders".

Glencore buying Chad oil firm Caracal for $1.3 bln

Mining company Glencore Xstrata said it agreed to buy Chad-focused oil company Caracal Energy for about 800 million pounds ($1.3 billion), in a deal which will

Illegal Mexican Fishermen Chased, Rescued

Four Mexican nationals, who were illegally fishing in U.S. waters off South Texas were rescued, after their lancha began taking on water during a pursuit by the crew of the Cutter 'Brant',

Anglo American seeks compensation from Venezuela

 Anglo American is seeking compensation from Venezuela at a World Bank tribunal over the 2012 cancellation of mining concessions by late president Hugo Chavez's government.

Petrobras HQ Raided by Brazil Police

Brazil's Federal Police raided the headquarters of state-run oil company Petroleo Brasileiro SA in Rio de Janeiro as part of a money-laundering probe, two sources

MLC Amendments Address Abandonments, Claims

Governments, maritime employer representatives coordinated by the International Shipping Federation (ISF) and their counterparts from the International Transport

Investigation links Brazil's Batista to insider trading

Brazil's security regulator believes that tycoon Eike Batista engaged in insider trading, newspaper Valor Economico reported on Friday, saying his oil company waited

Russia says no response to call for talks on Ukraine gas debt, supplies

European leaders have not yet responded to Vladimir Putin's appeal for urgent talks to resolve questions surrounding Ukraine's debt to Moscow for natural gas, the

Stalwart Tankers Postpones U.S. IPO

Greece-based chemical transportation company Stalwart Tankers Inc has postponed its U.S. IPO plans due to "market conditions," an underwriter told Reuters.   The company filed with U.

Chang Jiang Shipping Faces Asset Liquidation

A Chinese court has ordered a unit of debt-laden dry bulk goods shipper Chang Jiang Shipping Group Phoenix Co. Ltd. to liquidate its assets, displaying further

Oil Spill Clean Up: Your Response is Required

The government has a plan for responding to your oil spill. Do you? In February, due to a collision between a tug boat and a tank barge, approximately 31,500 gallons

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