On 1st November 2014, Italy officially ended the sea rescue mission “Mare Nostrum” which launched almost a year ago, following the fatal drowning of more than 360 African immigrants off the Island of Lampedusa on 3rd October 2013.
OW Bunker A/S the global marine fuel company filed for bankruptcy on the 7th November 2014 and reported two senior employees for fraud. The company had operations in 29 countries, and as one of the world’s largest independent bunker logistic companies had an estimated global market share of 7%. The rapid collapse of the company, seemingly overnight has lead to issues for some of our Members and charterers, with respect of who to pay and threat of arrest. The UK Defence Club have compiled FAQ relating to OW Bunkers to assist Members.
Marc Jackson reviews the problematic issues of enforcing guarantees provided by Chinese guarantors in China.
In a decision that will provide reassurance to the tanker transhipment trade, the Court of Appeal ( EWCA Civ 713) has considered the issue of whether Owners had acted unreasonably in withholding their consent for...