The US Federal Trade Commission informed that it will take the Norwegian company Wilhelmsen in court, regarding the company's plan to buy the US Drew Marine Group. According to FTC this deal will put marine water treatment chemicals market competition in danger.
Fitzgerald will spend several days in the Port of Pascagoula as the heavy lift ship will commence the reverse operation of unfastening, lowering, and guiding the ship off the platform. The ship will then be taken to Huntington Ingalls Industries shipyard.
After the US Navy decided to proceed with criminal charges against the commanders of the two US warships, that were involved in fatal collisions with merchant ships in 2017, a court-martial of a ship's captain is possible, something that has not happened in many years.
The commanders of the two US warships, that were involved in fatal collisions with merchant ships in 2017, will face military criminal charges related to dereliction of duty, hazarding a vessel and negligent homicide. The two incidents occurred within almost two months and resulted in death of 17 sailors in total.
International Container Terminal Services expressed satisfaction over the US Court of Appeals for the District of Columbia Circuit unanimously affirming two National Labor Relations Board decisions that the International Longshore and Warehouse Union is guilty of violating federal labor laws.
Aiming to optimize its capital structure pending recovery in the floating rig drilling industry, Luxemburg-based offshore operator Pacific Drilling announced that it has filed for Chapter 11 in the US Bankruptcy Court for the Southern District of New York.
The Court granted all of the interim relief that Omega requested Omega Navigation Enterprises Inc. announced that, in connection with its Chapter 11 proceedings in Houston, Texas, the Court has granted all of the interim relief that Omega requested.This included: The right to continue to operate and pay all operating expenses in the ordinary course The right to continue to pay employees and crew in the ordinary course The right to continue all cash management procedures in the ordinary course The right to continue to maintain all insurance in the ordinary courseThe management team continues to operate the business in the ordinary course. Omega will continue to honor all of its charter obligations during the pendency of the court protection.Omega believes the Chapter 11 bankruptcy process will help the Company facilitate a restructuring of its balance sheet and is working towards exiting Chapter 11 as a financially stronger entity that will be positioned to enjoy future growth based on the strength of its existing modern fleet of product tanker vessels.Source: Omega Navigation Enterprises Inc.