Chapter 11: a bonanza for lawyers.
Chapter 11: a bonanza for lawyers.
SHIPPING’s five US Chapter 11 bankruptcy cases have generated over $70M in professional fees to date, a Fairplay analysis reveals.
20:05 17 May
SHIPPING’s five US Chapter 11 bankruptcy cases have generated over $70M in professional fees to date, a Fairplay analysis reveals.

Public court filings disclose billings by professionals serving debtors and unsecured creditors. General Maritime’s case generated post-petition billings of $17.3M, ... Full Story >>

More News

Costa Concordia
16:22 17 May
CAPTAIN Francesco Schettino has been found unfit to command cruise ships following the grounding and fatal capsizing of Costa Concordia. Full story >>

Safmarine Nomozwe: top on-time
16:21 17 May
BOX CARRIERS improved their punctuality to 72.3% in 1Q12 from 69.4% in 4Q11, a new survey said. Full story >>

Chris Trelawny
16:18 17 May
UPDATED IMO guidance on armed shipboard guards is expected to be issued by the end of next week, IMO secretary-general Koji Sekimizu said today. Full story >>

NJ containers
16:04 17 May
FORMER docker Edward Aulisi has pleaded guilty to extorting Christmas ‘tribute’ payments from fellow longshoremen in New Jersey. Full story >>

Sovcomflot
15:48 17 May
TALKS are taking place today between the parties involved in Sovcomflot's lawsuit against former chartering partner Yury Nikitin, Sovcomflot’s UK spokesman told Fairplay today. Full story >>

 Peter Evensen
15:03 17 May
NYSE-listed tanker corporation Teekay today reported better results than expected, as its LNG and offshore divisions bolstered the bottom line. Full story >>

Headline News

A Connecticut judge has approved $55M in attachments targeting the assets of Indonesia’s Berlian Laju Tanker, Fairplay has confirmed. Full Story >>
CAPTAIN Francesco Schettino has been found unfit to command cruise ships following the grounding and fatal capsizing of Costa Concordia. Full Story >>
BOX CARRIERS improved their punctuality to 72.3% in 1Q12 from 69.4% in 4Q11, a new survey said. Full Story >>
UPDATED IMO guidance on armed shipboard guards is expected to be issued by the end of next week, IMO secretary-general Koji Sekimizu said today. Full Story >>
FORMER docker Edward Aulisi has pleaded guilty to extorting Christmas ‘tribute’ payments from fellow longshoremen in New Jersey. Full Story >>
TALKS are taking place today between the parties involved in Sovcomflot's lawsuit against former chartering partner Yury Nikitin, Sovcomflot’s UK spokesman told Fairplay today. Full Story >>

Latest Markets News

15:03 17 May
NYSE-listed tanker corporation Teekay today reported better results than expected, as its LNG and offshore divisions bolstered the bottom line. Full Story >>
Sea-web Insight
Court finds Costa Concordia captain unfit
CAPTAIN Francesco Schettino has been found unfit to command cruise ships following the grounding and fatal capsizing of Costa Concordia. 
Liner punctuality climbs
BOX CARRIERS improved their punctuality to 72.3% in 1Q12 from 69.4% in 4Q11, a new survey said. 
IMO nears policies on armed guards
UPDATED IMO guidance on armed shipboard guards is expected to be issued by the end of next week, IMO secretary-general Koji Sekimizu said today. 
Guilty on the waterfront
FORMER docker Edward Aulisi has pleaded guilty to extorting Christmas ‘tribute’ payments from fellow longshoremen in New Jersey. 
Drunk master blamed in grounding
AN INVESTIGATION into the grounding of a box ship off Britain’s Cornish coast has blamed the Ukrainian master for being drunk and asleep on the bridge. 
Rail work enables Chinese coal record
MONTH-long maintenance on China’s coal-dedicated Datong-Qinhuangdao (Daqin) Railway has enabled a new monthly transport record. 
Sole bidder gets Azhikkal port terminal contract
The Indian state of Kerala yesterday awarded the PPP tender to construct a cement terminal at Azhikkal port to the only bidder, Mumbai-based ABG Group. 
A tale of two ports
BIGGER box lines and steadier business accounted for at least part of the sharp disparity in port volume between Los Angeles and Long Beach in April. 

Fairplay 24 News Widget

Add the latest breaking maritime news headlines to your site for FREE
Get the Fairplay 24 news widget >>