Arrests on the rise
With Rule B now ruled out and many shipowners expected to run short of cash next year, MARCUS HAND assesses the procedural requirements and legal advantages offered by the Singaporean and South African courts
AN EASY way to judge the state of the shipping market is to look at the number of ship arrests and subsequent sheriff sales.
In both 2007 and 2008 the Singapore Supreme Court listed a single vessel sold through a...
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