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Companies linked to the Norwegian billionaires Arne Wilhelmsen and Arne Blystad, as well as the Polemis family, one of the oldest maritime dynasties in Greece, contend that they leased ships in 2007 and 2008 to a Singapore-registered offshoot of the Indonesian conglomerate PT Humpuss, which failed to pay the fees.
The panel estimates that a "minimal" exploration program, using leased ships and submarines and targeting just a few topics, would cost $30 million a year.
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Ten years ago, he started with one leased ship.
It is also looking to lease ships to be used for floating prisons.
Hersham worked for Cerberus Capital Management, a US Private Equity with $40 billion under management, running the shipping business, buying and leasing ships back to the shipping lines.
Hersham worked for Cerberus Capital Management, a US Private Equity with $40 billion under management, running the shipping business, buying and leasing ships back to the shipping lines.
The tribunal in Paris awarded the assets on the condition the shipping company operated under the French flag and Eurotunnel leased the ships to a workers' co-operative.
Hyundai Merchant Marine, which has leased the ships for taking tourists to the Mount Kumkang region, holds a controlling interest in Hyundai Asan.
While Niarchos served in the Greek navy during World War II, the Allied forces leased his ships, six of which were subsequently sunk in combat.
That's a problem for the companies that leased it ships, since at best they'll get their boats back but lose expected revenue.
Agrexco's leased refrigerator ships, for example, have been especially adapted to transport products requiring different storage conditions and a carefully regulated range of temperatures.
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CEO of Professional Science Editing for Scientists @ prosciediting.com