April 26, 2022
A Texas federal judge ordered that two Panamanian shipping companies pay more than $10 million for breaching a sales agreement for two ships with a Mexican energy conglomerate, certifying final awards entered in arbitration in London in 2019.
February 03, 2021
The Norwegian government and four other lenders asked a Texas federal judge on Monday to declare that $286 million they are owed by Marfield Ltd. Inc. and Shanara Maritime International SA for two offshore construction ships take priority over the shippers' other debts once the vessels are sold.
November 05, 2019
A Texas federal judge allowed several lenders, including the Norwegian government, to intervene in an enforcement action against two shipping companies, allowing the lenders to seek the more than $266 million they claim to be owed by the shippers.
August 14, 2019
The Norwegian government and other lenders claiming two Panamanian shippers owe them over $266 million urged a Texas federal court Tuesday to let them pin down their share of the proceeds after two vessels are sold off to pay the shippers' debts.
May 31, 2019
A Mexican energy conglomerate hit a pair of Panamanian shipping companies with a suit seeking to enforce its $10 million arbitral win in a dispute over the sale of two vessels.