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 [...]
Shipbreaking set for healthy turnaround amidst gloom
cargo
Amidst the all pervading recessionary trends, at least one segment of maritime industry is jubilant. Shipbreaking industry, Indian or global, is
up and going and is expected to post a remarkable turnaround this fiscal. The turnaround is more pronounced in the case of India, where it had been in doldrums during the last couple of years. [...]
Three missing, thousands displaced after Philippines typhoon.
Typhoon Fung-wong left three people missing feared dead and caused widespread floods, landslides and power outages in the northern Philippines over the weekend, rescue officials said Monday.
The storm brushed past the northern tip of the main Philippines island of Luzon before slamming Monday into eastern Taiwan.
Floods destroyed two bridges while landslides shut down a key [...]
