Exxon Valdez Put to Rest
valdez
The most anticipated maritime law decision in recent years has been the decision in June 2008 by the U.S. Supreme Court that reduced the award of punitive damages against Exxon from $2.5 billion to $500 million. After nearly 20 years of litigation against Exxon and the captain of its vessel, the case is finally at [...]
Hijacked ship Stolt Valor released, 18 Indians safe, ransom paid
stolt-tankers
MUMBAI/NEW DELHI: After two months in captivity, 18 Indian sailors were on Sunday freed when Somali pirates released their hijacked merchant ship M T Stolt in the Gulf of Aden after a ransom amount of up to 2.5 million dollars was paid.
As news of the release and sailors being safe trickled in, joyous scenes erupted [...]
