Deripaska charterer decision sets force majeure precedent, lawyers contend
Supreme Court comes down in favour of principle over pragmatism
Source: lloydslist.com
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Flag and port state face off over ship detentions
Port state control is concerned that ambitious flag states seeking to improve their detention record are undermining the independence of a system designed to weed out substandard tonnage. Flag states, however, counter that proactive engagement with ships should be applauded not criticised
Source: lloydslist.com
Daily Briefing May 29 2024
IRS chief defends classing Russia-trading dark tankers as fleet doubles | Flag and port state face off over ship detentions | UK targets use of escrow agents in dark fleet sale and purchase deals
Source: lloydslist.com
State-owned CHN Energy boosts shipping foray with 11-ship purchase
By taking over the ships of its domestic peer, CHN Energy Leasing has become another Chinese leasing company to venture into the shipping industry
Source: lloydslist.com
HD Hyundai teams up with Shell to develop liquefied hydrogen carrier
The move comes as the hydrogen storage and transport market is expected to grow significantly as the world transitions to clean energy
Source: lloydslist.com