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Lloyd's List

Scorpio Bulkers' net loss narrows significantly

SCORPIO Bulkers reported a narrower second-quarter net loss than a year earlier, with increased revenues as it added more vessels to its fleet and ......

Lloyd's List, 27 Jul 2016

Panamax bulker rates plunge in first weekly fall in two months

PANAMAX bulker rates posted the first weekly loss in around two months, as the number of available ships in the Atlantic market continued to ......

Lloyd's List, 27 Jul 2016

Georgia ports volumes down but 'exceeded expectations'

THE US east coast port of Georgia on Monday reported a 1.3% decrease in container volumes handled during its fiscal year to end-June.Georgia Ports ......

Lloyd's List, 27 Jul 2016

Fortescue increases iron ore shipments

FORTESCUE Metals Group reported that iron ore shipments in the fourth quarter of the financial year 2016 were up 2% versus a year earlier, ......

Lloyd's List, 27 Jul 2016

Diana Containerships axes dividend

DIANA Containerships, the Greece-based owner of 13 container vessels, posted a loss of $8m for the second quarter and halted payouts to shareholders.“The company’s ......

Lloyd's List, 27 Jul 2016

Lloyd's Law Reporter

METLIFE INSURANCE LTD V RGA REINSURANCE COMPANY OF AUSTRALIA LTD

Under its "Blue Ribbon" policy, MetLife provided total and permanent disablement (TPD) cover to employees of the Sydney police force. The Blue Ribbon policy ......

Lloyd's Law Reporter, 25 Jul 2016

CAPE DISTRIBUTION LTD V CAPE INTERMEDIATE HOLDINGS PLC (NO 2)

CDL, a firm operating a business involving the use of asbestos-related products, was sold to CIH on 1 January 1964. The sale agreement provided ......

Lloyd's Law Reporter, 25 Jul 2016

BAHAMAS OIL REFINING COMPANY INTERNATIONAL LTD V THE OWNERS OF THE CAPE BARI TANKSCHIFFAHRTS GMBH & CO KG (BAHAMAS)

The defendant shipowner's vessel Cape Bari arrived at Freeport at about 13.18 on 25 May 2012 with a view to berthing in order to ......

Lloyd's Law Reporter, 25 Jul 2016

PATEL V MIRZA

Mr Patel transferred sums totalling £620,000 to Mr Mirza for the purpose of betting on the price of RBS shares, using advance insider information ......

Lloyd's Law Reporter, 25 Jul 2016

VERSLOOT DREDGING BV AND ANOTHER V HDI GERLING INDUSTRIE VERSICHERUNG AG AND OTHERS (THE "DC MERWESTONE")

On the night of 28-29 January 2010, the engine room of the vessel DC Merwestone was flooded. The ingress of water was the combined ......

Lloyd's Law Reporter, 20 Jul 2016

Credit Reports

News & Analysis

Exit ‘fraudulent means and devices’

THE Supreme Court has reversed nearly 15 years of assumptions about the law of fraudulent insurance claims, by holding that the use of so-called “fraudulent means and devices” or “collateral lies” do not fall within the definition of fraudulent claim

Lloyd's List, 27 Jul 2016

Swedish Club takes big hit in Constructive Total Loss test case

SHIPOWNERS are entitled to full Constructive Total Loss payouts from P&I clubs, even if they table Notice of Abandonment several months after the event, the London Commercial Court has ruled.The decision has come as an immediate blow to the Swedish C

Lloyd's List, 26 Jul 2016

Exit “fraudulent means and devices”

The effect of fraudin making an insurance claim is that the claim in its entirety is forfeit, andfrom 12 August 2016 when the Insurance Act 2015 enters into force also that theinsurer is entitled to terminate the policy with retrospective effect from

Shipping & Trade Law, 25 Jul 2016

Otto Marine has vessel arrested for unpaid ship repair charges

SINGAPORE-listed Otto Marine's shipyard subsidiary in Batam, Indonesia PT Batamec has released vessel Ratna Blessing on Monday.Ratna Blessing, a 9,100 dwt, 2009-built chemical and product tanker, is registered under RS Marine Investments, a company i

Lloyd's List, 25 Jul 2016

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