The builder of the superyacht Bayesian has filed a $500 million lawsuit against Angela Bacares, widow of tech mogul Mike Lynch, who died when the yacht sank. The shipbuilder alleges crew negligence caused the tragedy, resulting in reputational harm and lost business opportunities following the vessel’s capsizing during a storm.
Eight months after the sinking of the MSC Elsa 3, MSC Mediterranean Shipping Company posted a bond with the Kerala High Court, enabling the release of the MSC Akiteta II, detained due to compensation claims exceeding $1 billion for environmental damage. Upcoming hearings are set for February 13, addressing local fishing community losses.
On October 10, U.N. Security Council members expressed concerns over escalating tensions between the U.S. and Venezuela. Russia’s U.N. Ambassador criticized Washington’s aggressive stance against alleged drug vessels, while U.S. representatives asserted their commitment to combating narco-terrorism. Calls for peaceful dialogue and respect for international law were emphasized by various nations.
The owners of the sunken MSC Elsa 3 claim financial liability of ₹132 crore, contrasting sharply with Kerala’s ₹9,531 crore compensation demand. A public notice invites claims from affected parties by September 2025. The shipowners are referencing maritime laws to limit liability, facing criticism regarding environmental damage and negligence.
Jawaharlal Nehru Port Authority (JNPA) and Bharat Mumbai Container Terminals PVT. Ltd. (BMCTPL) have resolved a dispute over the concession agreement for JN Port’s container terminal. The concession period is extended by 1,173 days, now ending on March 8, 2048. BMCTPL’s claims for damages were dismissed, focusing instead on a concession extension.
At a recent board meeting, the Jawaharlal Nehru Port Authority (JNPA) approved a mediation plan to address a dispute with Boskalis Smit India LLP and Jan de Nul-Baggering India PVT LTD concerning a 2019 dredging project. The Mumbai Center for International Arbitration will oversee this mediation. Total claims have escalated to around £800 million.
Two tug vessels, Ocean Jade and Ocean Morganite, were arrested at Paradip Port following a maritime contract and commercial dispute with a claim of ₹428 crores by Alphard Maritime Limited. The vessels will remain detained until the next hearing on April 30, under the supervision of Kujanga Sub-Judge Chinmayee Panda, ensuring fairness in resolving the dispute.
Maritime labour unions in Argentina have halted port activities for 48 hours due to a contract dispute with the Tugboat Owners Chamber. The United Maritime Workers Union expressed frustration with the lack of negotiations, leading to the temporary work stoppage. The impact on the maritime industry remains uncertain, emphasizing the need for a resolution to ensure smooth operations.
