Ετικέτα: Maritime Law

  • The Shipping Almanac

    The MSC FLAMINIA Litigation Reaches Its Final Chapter: A Landmark Supreme Court Decision on Limitation of Liability

    In early February 2025—more than twelve years after the tragic incident—the UK Supreme Court heard the final legal arguments in the long-running case surrounding the container vessel MSC FLAMINIA. Although the underlying commercial dispute had already been settled, the court proceeded to rule on the significant legal issues involved, recognizing their broader relevance to maritime […]

  • The Shipping Almanac

    Solidifying New York’s Position in Maritime Choice-of-Law Clauses: The U.S. Supreme Court Speaks

    On February 21, 2024, the U.S. Supreme Court issued a landmark decision in Great Lakes Insurance SE v. Raiders Retreat Realty Co., LLC, resolving a significant legal issue regarding the enforceability of choice-of-law clauses in maritime contracts. The case arose from a dispute involving a marine insurance contract between Raiders Retreat Realty Co., LLC, a […]

  • The Shipping Almanac

    The Shadow Fleet Under Scrutiny: G7’s Struggle to Curb Sanctions Evasion

    The «shadow fleet,» a network of tankers now numbering in the hundreds, has swiftly emerged as a consequence of the G7’s price-cap policy aimed at curbing Russia’s oil revenues. With restrictions limiting Russia’s ability to sell crude oil at market rates, a sophisticated system of covert shipping operations has arisen to sidestep these sanctions, posing […]