Parties facilitating financing in shipping industry must consider law of transferor's domicile

Parties facilitating financing in shipping industry must consider law of transferor's domicile
Jesper Windahl 14 November 2018

Two Danish OW Bunker companies gave a foreign bank security against the companies' ordinary claims. The companies subsequently became subject to insolvency proceedings. The insolvent estates' ability to extinguish the security was governed by Danish law, as the foreign bank had derived its right from the Danish companies as transferors.

Facts

Guidance on Missing Seafarers Issued

Guidance on Missing Seafarers Issued
2018-11-12 https://www.maritime-executive.com/article/guidance-on-missing-seafarers...

New guidance on dealing with situations involving missing seafarers has been produced by the International Seafarers' Welfare and Assistance Network (ISWAN), the International Chamber of Shipping (ICS) and InterManager.

Pirates Attack LNG Carrier in Gulf of Guinea

Pirates Attack LNG Carrier in Gulf of Guinea
2018-11-12 https://www.maritime-executive.com/article/pirates-attack-lng-carrier-in...

On November 6, pirates pursued and fired on an unnamed LNG tanker in the Gulf of Guinea.

Three Pinoy Seafarers Dead in Confined Space Accident

Three Seafarers Dead in Confined Space Accident
2018-11-12 https://www.maritime-executive.com/article/three-seafarers-dead-in-confi...

Three crewmembers of the timber carrier Apollo Kita died Friday while working in one of the vessel's holds. The suspected cause of death was asphyxiation.

PCG Naga: Chief engineer’s medical condition (heart attack) caused delay of Trans Asia 10’s arrival

PCG Naga: Chief engineer’s medical condition caused delay of Trans Asia 10’s arrival
Morexette Marie B. Erram |November 11,2018 https://cebudailynews.inquirer.net/203062/pcg-naga-chief-engineers-medic...

Passengers of Trans Asia 10 bound for Cebu City from Cagayan de Oro City experienced a slight delay in their arrival at Pier 4 on Sunday (November 11)

Handy bulker hit by fire off Indonesia

Handy bulker hit by fire off Indonesia
Jason Jiang November 12th, 2018 https://splash247.com/handy-bulker-hit-by-fire-off-indonesia/

A fire erupted on the 1984-built handy bulker Golden Ocean off Indonesia on Saturday and 22 crewmemebers have been evacuated from the ship.

The fire started in the engine room when the vessel was in ballast near Bontang, Indonesia.

All crew evacuated from Norwegian frigate after collision with Tsakos tanker

All crew evacuated from Norwegian frigate after collision with Tsakos tanker
Sam Chambers November 8th, 2018 https://splash247.com/norwegian-frigate-at-risk-of-sinking-following-col...

Filipino Seafarers in Hot Demand

Filipino Sailors in Hot Demand
Masashi Yamaguchi October 31, 2018 https://www3.nhk.or.jp/nhkworld/nhknewsline/backstories/filipinosailors/

Bulk carrier on fire, crew abandoning the ship

Bulk carrier on fire, crew abandoning the ship Update
Mikhail Voytenk November 10, 2018 http://maritimebulletin.net/2018/11/10/bulk-carrier-on-fire-crew-abandon...

Update 1600 UTC: All 22 crew evacuated and safe. Judging from photo, fire is in superstructure, maybe engine room. Bulk carrier is in ballast, she was to load coal at Bontang.

PHL navigates rough waters of Asean logistics industry

PHL navigates rough waters of Asean logistics industry
Bernadette D. Nicolas -November 8, 2018 https://businessmirror.com.ph/phl-navigates-rough-waters-of-asean-logist...

THE Philippines is blessed with thousands of beautiful islands. This is a blessing that comes at a huge cost: the cost of moving.

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