January 2021

Norton Rose Fulbright promotes 47 lawyers to partner and director worldwide

Global law firm Norton Rose Fulbright today announced that 47 of its lawyers received promotions to partner in locations around the world and director in South Africa, effective January 1, 2021. The promotions span 11 of Norton Rose Fulbright’s global practice groups: litigation and disputes (14 lawyers); corporate, M&A and securities (10); banking and finance …

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AET accepts delivery of 1st Shell-chartered DP2 shuttle tanker

AET, a petroleum logistics unit of Malaysian energy logistics group MISC Berhad, has taken delivery of Eagle Pilar, a new Suezmax second-generation dynamic positioning (DP2) shuttle tanker built at Samsung Heavy Industries (SHI) shipyard in South Korea. Image Courtesy: AET The 153,180 dwt newbuild has been purpose built for a long-term charter to Brazil Shipping I …

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Havila secures cash and equipment from DeepOcean charter termination

Oslo-listed Havila Shipping and companies in DeepOcean have signed an agreement about full and final settlement between the parties regarding contract termination for the subsea vessel Havila Phoenix. The subsea vessel Havila Phoenix has since 2013 served DeepOcen, under a charterparty with firm period until May 2023 with further options. However, Havila Shipping terminated the …

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Marine energy companies ride crowdfunding success wave

Crowdfunding campaigns are proving to be very beneficial for marine energy developers as several companies succeed in reaching well over their initial funding targets ahead of deadlines, while others move to extend their campaigns to accommodate the growing interest from the investors. Marine energy technologies by QED Naval; Orbital Marine; Wavepiston; and Oscilla Power (Courtesy …

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