Exxon spill damages slashed to US$500m Nearly two decades of legal battles over the Exxon Valdez oil spill came to an end on Wednesday when the US Supreme Court slashed the punitive damages imposed against ExxonMobil from US$2.5 billion to US$500 million.
HK may favour shipping lines for container terminal Hong Kong may favour shipping companies over port operators when awarding the rights for a planned container terminal to help secure traffic as competition from cheaper mainland harbours mounts.
Carribbean still top cruise destination: poll The Caribbean remains a top destination among cruisers, and more are bringing their children along for the journey, according to a new survey by the Cruise Lines International Association (CLIA).
Clarksons settles with Sovcomflot CLARKSONS has settled in the case brought against it by Sovcomflot and Novoship, costing the broker £27M (nearly $54M)
SCI bulker curse strikes again A SHIPPING Corp of India bulker that has suffered two major incidents in Australian waters in seven years has been involved in a third and fatal accident
Damages predictable from Valdez case THE Supreme Court's decision on the Exxon Valdez has created more liability 'predictability' for damages
Herma invests $2M in yard PHILIPPINE-based shipbuilder Herma Shipyard plans to spend PhP100M to upgrade its yard facilities in preparation to build bigger ships
Cebu Princess ferries the dead THE Cebu Princess, one of Sulpicio's ferries still at sea since authorities stopped them after the Princess of the Stars disaster, has been allowed to operate as a depository for retrieved bodies
Dry bulk boom to continue KOREAN shipping company CEOs believe that the dry bulk shipping market will be strong until at least 2010, despite the recent BDI adjustment
ILWU, PMA race deadline for new pact Negotiators for employers, longshore union pick up pace of bargaining as Tuesday's contract expiration deadline approaches.
US doles out big fines in air-cargo probe
'Rotterdam Rules' to replace Cogsa for cargo liability
Tacoma overpass project speeds rail, motor freight
Amiya Scan freed after 31 days of capture The hi-jacked Amiya Scan, which has been held off the coast of Somalia has been freed and is on its way bound for Suez under its own power. The ship, its cargo and the crew of four Russians and ...
Exxon Valdez fine lowered The US Supreme Court cuts the Exxon Valdez fine ' the oil company Exxon now has to pay USD 500 million in punitive damages instead of USD 2.5 billion. The first court decision, made by the federal court in Alaska ...
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