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When Rule B Attachment Will Not Help

Mainbrace

Since 2008, the shipping market (in particular, the bulker market) has been badly affected by a decreased demand for shipping, largely due to the global financial crisis. To date, the shipping market is struggling, and claims for unpaid charter hire continue to surface along with the traditional assortment of other claims that arise between contracting parties. (View PDF to read the rest of this article)

This article by William R. Bennett III, of counsel at Blank Rome, is one in a series of articles written for Blank Rome Maritime's quarterly Mainbrace newsletter. To view the other articles in the June 2013 edition of Mainbrace, please click here.