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FSMA orders CMB to pay USD 36m to Euronav shareholders

FSMA orders CMB to pay USD 36m to Euronav shareholders

by Mariska Buitendijk | Oct 10, 2024 | News, Shipping, Tankers

The shipping company CMB has been ordered by the Belgian financial regulator (FSMA) to pay an additional USD 36 million to shareholders who tendered shares during its mandatory takeover of Euronav earlier this year. The stock market watchdog is also forcing CMB to...
Claims of over $100m for container ship Dali’s owner and operator

Claims of over $100m for container ship Dali’s owner and operator

by Mariska Buitendijk | Sep 20, 2024 | Maritime accidents, News, Salvage, Shipping

In a claim, the US Justice Department seeks over USD 100 million in costs incurred to reopen access to the Port of Baltimore and punitive damages from the operator and owner of the container ship Dali. The Justice Department states the vessel was unseaworthy and that...
FSMA orders CMB to pay USD 36m to Euronav shareholders

Court ruling could result in major payout for CMB

by Mariska Buitendijk | Sep 12, 2024 | News, Shipping, Tankers

CMB has announced that most claims by FourWorld Capital Management regarding the takeover of Euronav were rejected by the Market Court in Belgium. At the same time, FourWorld is happy that the court agrees that the share price paid was too low and could result in an...
Seatrade settles in shipbreaking case

Seatrade settles in shipbreaking case

by Mariska Buitendijk | May 8, 2024 | Maritime regulations, News, Ship recycling

In total, Seatrade will pay the Dutch Public Prosecutor’s Office EUR 5,650,000 in out-of-court settlement for transferring four ships to India, Bangladesh and Turkey, respectively, for shipbreaking. The company did not comply with the EU Regulation on waste...
Baltimore claims container ship Dali was unseaworthy before bridge allision

Baltimore claims container ship Dali was unseaworthy before bridge allision

by Mariska Buitendijk | Apr 23, 2024 | Maritime accidents, News, Salvage, Shipping

The Mayor and City Council of Baltimore are suing owner Grace Ocean and manager Synergy Marine of the container ship Dali. They claim alarms were going off even before the ship left the port and allided with the Scott Key Bridge resulting in its collapse. On 26 March,...
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