Admiralty law

Legal-Bay Launches New Site to Cater to Maritime Lawsuit Plaintiffs and Victims with Jones Act Claims

Retrieved on: 
Monday, February 5, 2024

MIAMI, Feb. 5, 2024 /PRNewswire/ -- Legal-Bay LLC, The Lawsuit Pre-Settlement Funding Company, announced today that they have launched a new website page dedicated solely to Maritime employees and Jones Act plaintiffs who need funding for their Maritime case or Jones Act lawsuit.

Key Points: 
  • MIAMI, Feb. 5, 2024 /PRNewswire/ -- Legal-Bay LLC, The Lawsuit Pre-Settlement Funding Company, announced today that they have launched a new website page dedicated solely to Maritime employees and Jones Act plaintiffs who need funding for their Maritime case or Jones Act lawsuit.
  • Under Maritime laws, seamen and maritime employees have rights and are protected by law if or when they become injured at work or at sea.
  • Offshore oil rig employees may also be covered and approved for maritime or Jones Act lawsuit loan funding.
  • To apply right now for the quick approval process on your Maritime lawsuit loan, Jones Act lawsuit settlement loan, maritime pre-settlement funding request, Jones Act pre-settlement funding, maritime settlement advance, loan on maritime settlement, fast loan on maritime pending lawsuit, Jones Act settlement loan, or any other type of maritime case or Jones Act case pending settlement funding request, please call Legal-Bay's 24-hour hotline at 877.571.0405 or visit: https://lawsuitssettlementfunding.com/maritime-jones-act.php
    Legal-Bay is an industry leader in lawsuit cash advance funding, known as "the best lawsuit loan company out there" or "one of the best lawsuit loan companies around."

Minister of Justice and Attorney General of Canada announces judicial appointments to the Federal Court of Appeal

Retrieved on: 
Monday, January 29, 2024

The Honourable Elizabeth Walker, a Judge of the Federal Court, is appointed a Judge of the Federal Court of Appeal.

Key Points: 
  • The Honourable Elizabeth Walker, a Judge of the Federal Court, is appointed a Judge of the Federal Court of Appeal.
  • The Honourable Vanessa Rochester, a Judge of the Federal Court, is appointed a Judge of the Federal Court of Appeal.
  • This includes 62 appointments since the Honourable Arif Virani became Minister of Justice and Attorney General of Canada on July 26, 2023.
  • Federal judicial appointments are made by the Governor General, acting on the advice of the federal Cabinet and recommendations from the Minister of Justice.

Space Foundation CEO Delivers State of Space Keynote Urging U.S. to Declare Space as Critical Infrastructure

Retrieved on: 
Friday, March 3, 2023

Today, we are in a new renaissance for space with revolutionary opportunities for shared exploration, commerce, research, innovation and security.

Key Points: 
  • Today, we are in a new renaissance for space with revolutionary opportunities for shared exploration, commerce, research, innovation and security.
  • Quite simply, space is an indispensable critical infrastructure, and it’s time it should be treated as such.
  • That has always been the intent with every other critical infrastructure, and the same should be true for space.
  • To see the complete State of Space 2023 keynote by Tom Zelibor and the entire event including guest speakers noted below, visit www.spacesymposium365.org/2023-state-of-space/ .

Maritime Industry Leader Joins ARES Security to Accelerate Global Maritime Sales

Retrieved on: 
Tuesday, July 13, 2021

Mr. Ritter takes the helm of the maritime practice at ARES as the firm continues an aggressive expansion of its global critical infrastructure protection business.

Key Points: 
  • Mr. Ritter takes the helm of the maritime practice at ARES as the firm continues an aggressive expansion of its global critical infrastructure protection business.
  • His 25-year track record of proven success in the Maritime Industry, and legacy reputation as an innovative security problem solver, will provide immediate benefit to ARES clients.
  • Ritter will focus on aggressively expanding the ARES security software footprint in the global maritime market.
  • Global maritime security risks are evolving, at an increasing rate.

Vortexa Launches Game-Changer Freight Analytics Bringing Unparalleled Market Edge to Charterers, Traders & Shipowners

Retrieved on: 
Thursday, June 17, 2021

Vortexas clients can instantly understand changes in global freight supply and demand in realtime to significantly strengthen their hand in the market.

Key Points: 
  • Vortexas clients can instantly understand changes in global freight supply and demand in realtime to significantly strengthen their hand in the market.
  • Charterers can accurately time chartering decisions, capture the best vessels in the market, minimise demurrage costs and optimise operations.
  • Shipowners can evaluate supply and demand market dynamics to enhance fleet positioning and identify emerging freight trading opportunities.
  • Vortexas CEO, Fabio Kuhn said: Our next-generation of freight analytics will be a major source of competitive advantage to charterers, ship owners and traders.

Digital Chartering Quickens Pandemic-induced Slowdowns

Retrieved on: 
Monday, May 31, 2021

In fact, the slowdown accelerated quicker adoption of digital procedures-- with vessel chartering as a good example.

Key Points: 
  • In fact, the slowdown accelerated quicker adoption of digital procedures-- with vessel chartering as a good example.
  • Traditionally, vessel chartering involves the long, drudging process of combing through high volume of shipbrokers' offers.
  • The platform's embedded A.I and Big Data enables quick take-ups; effectively speeding up chartering processes and voyages.
  • The platform also assures client authenticity making Marine Online a safe platform for both ships and cargo owners for chartering needs.

Digital Chartering Quickens Pandemic-induced Slowdowns

Retrieved on: 
Monday, May 31, 2021

In fact, the slowdown accelerated quicker adoption of digital procedures-- with vessel chartering as a good example.

Key Points: 
  • In fact, the slowdown accelerated quicker adoption of digital procedures-- with vessel chartering as a good example.
  • Traditionally, vessel chartering involves the long, drudging process of combing through high volume of shipbrokers' offers.
  • The platform's embedded A.I and Big Data enables quick take-ups; effectively speeding up chartering processes and voyages.
  • The platform also assures client authenticity making Marine Online a safe platform for both ships and cargo owners for chartering needs.

Flex LNG First Quarter 2021 Earnings Release

Retrieved on: 
Friday, May 21, 2021

b'Flex LNG Ltd. ("Flex LNG" or the \xe2\x80\x9cCompany\xe2\x80\x9d) today announced its unaudited financial results for the first quarter and three months ended March 31, 2021.\nRevenues of $81.3 million for the first quarter 2021, compared to $67.4 million for the fourth quarter 2020.\nNet income of $47.2 million and earnings per share of $0.88 for the first quarter 2021, compared to $25.8 million and earnings per share of $0.48 for the fourth quarter 2020.\nAverage Time Charter Equivalent ("TCE") rate of $75,399 per day for the first quarter 2021, compared to $73,712 per day for the fourth quarter 2020.\nAdjusted EBITDA1 of $64.0 million for the first quarter 2021, compared to $50.2 million for the fourth quarter 2020.\nAdjusted net income of $34.2 million for the first quarter 2021, compared to $24.2 million for the fourth quarter 2020.\nAdjusted earnings per share of $0.64 for the first quarter 2021, compared to $0.45 for the fourth quarter 2020.\nIn January 2021, the Company took delivery of its eleventh and twelfth newbuilding LNG carriers, Flex Freedom and Flex Volunteer, which immediately commenced short-term time charters at attractive rates.\nIn April 2021, the Company announced time charter agreements with Cheniere for the attractive long-term time charters of four vessels, with an option for a fifth vessel.

Key Points: 
  • b'Flex LNG Ltd. ("Flex LNG" or the \xe2\x80\x9cCompany\xe2\x80\x9d) today announced its unaudited financial results for the first quarter and three months ended March 31, 2021.\nRevenues of $81.3 million for the first quarter 2021, compared to $67.4 million for the fourth quarter 2020.\nNet income of $47.2 million and earnings per share of $0.88 for the first quarter 2021, compared to $25.8 million and earnings per share of $0.48 for the fourth quarter 2020.\nAverage Time Charter Equivalent ("TCE") rate of $75,399 per day for the first quarter 2021, compared to $73,712 per day for the fourth quarter 2020.\nAdjusted EBITDA1 of $64.0 million for the first quarter 2021, compared to $50.2 million for the fourth quarter 2020.\nAdjusted net income of $34.2 million for the first quarter 2021, compared to $24.2 million for the fourth quarter 2020.\nAdjusted earnings per share of $0.64 for the first quarter 2021, compared to $0.45 for the fourth quarter 2020.\nIn January 2021, the Company took delivery of its eleventh and twelfth newbuilding LNG carriers, Flex Freedom and Flex Volunteer, which immediately commenced short-term time charters at attractive rates.\nIn April 2021, the Company announced time charter agreements with Cheniere for the attractive long-term time charters of four vessels, with an option for a fifth vessel.
  • The charter will commence in the first or second quarter 2022 in direct continuation of its existing time charter and the Charterer will declare the firm period in the third quarter 2021.
  • The Charterer has the option to extend the period by an additional two years bringing the total period to five or seven years.
  • This provides us with strong earnings visibility with about 88% of the days from Q2 to the year end already covered.

Diana Shipping Inc. Announces Time Charter Contract for m/v Astarte With MOL

Retrieved on: 
Wednesday, May 19, 2021

Lines, Ltd., for one of its Kamsarmax dry bulk vessels, the m/v Astarte.

Key Points: 
  • Lines, Ltd., for one of its Kamsarmax dry bulk vessels, the m/v Astarte.
  • The gross charter rate is US$25,000 per day, minus a 5% commission paid to third parties, for a time charter period until minimum November 1, 2021 up to maximum December 15, 2021.
  • The charter is expected to commence tomorrow.
  • A table describing the current Diana Shipping Inc. fleet can be found on the Company\xe2\x80\x99s website, www.dianashippinginc.com.

Global Ship Lease Announces First Quarter 2021 Earnings Release, Conference Call and Webcast

Retrieved on: 
Friday, April 30, 2021

b'LONDON, April 30, 2021 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL), a containership charter owner, announced today that it will hold a conference call to discuss the Company\xe2\x80\x99s results for the first quarter 2021 on Monday, May 10, 2021 at 10:30 a.m. Eastern Time.

Key Points: 
  • b'LONDON, April 30, 2021 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL), a containership charter owner, announced today that it will hold a conference call to discuss the Company\xe2\x80\x99s results for the first quarter 2021 on Monday, May 10, 2021 at 10:30 a.m. Eastern Time.
  • The webcast will also be archived on the Company\xe2\x80\x99s website:\nGlobal Ship Lease is a leading independent owner of containerships with a diversified fleet of mid-sized and smaller containerships.
  • Incorporated in the Marshall Islands, Global Ship Lease commenced operations in December 2007 with a business of owning and chartering out containerships under fixed-rate charters to top tier container liner companies.
  • Contracted revenue was $1,129.5 million, including options under charterers\xe2\x80\x99 control and with latest redelivery date, representing a weighted average remaining term of 3.2 years.\n'