February 28, 2021

Royal Gazette: Letter to the Editor – “What a mess”

Pin It

Unbeneficial: what a mess the British have made of this From The Royal Gazette Dear Sir, On May 9, the London Evening Standard  published a Letter to the Editor entitled “The UK is bullying its overseas territories and trust is being lost” by Paul Byles of the Cayman Islands Chamber of Commerce. And most surprisingly […]

Marshall Islands back plan forcing a dirty global polluter to clean up its act

Pin It

BY MARK KAUFMAN From Mashable The Environmental Minister of the Marshall Islands, David Paul, left the low-lying tropical islands last week and flew to London. He journeyed all that way to stand in front of a packed room at the United Nations International Marine Organization (IMO) and emphasize that Marshallese children may have to one […]

Opinion: Polluters on the high seas

Pin It

By Hilda Heine and Christiana Figueres From New York Times Hilda Heine is the president of the Republic of the Marshall Islands. Christiana Figueres is the former executive secretary of the United Nations Framework Convention on Climate Change. International shipping is the backbone of our global trading system. But it can no longer be given […]

Highland’s Ocean Rig bet: Fail in Cayman Islands? Try the Marshalls

Pin It

By TIFFANY KARY From World Oil NEW YORK (Bloomberg) — A battle of so-called bankruptcy tourists has erupted in New York court, with unclear consequences for global companies and their bondholders. On Thursday, New York bankruptcy Judge Martin Glenn refused to issue a ruling on a request by Ocean Rig UDW Inc. to block a […]

AlixPartners completes largest ever cross-border restructuring in Cayman Islands

Pin It

From ABL Advisor AlixPartners, the global advisory firm, announced that it recently completed the successful financial restructuring of Ocean Rig UDW and certain of its subsidiaries. Ocean Rig is an international offshore drilling contractor providing oilfield services covering exploration, development, and production drilling. It specializes in the ultra-deepwater and harsh-environment segment of the offshore oil […]

Castaway sued for eating pal

Pin It

By Daniel Cutts From The Sun UK Castaway who survived 15 months at sea sued for $1M by dead pal’s family who claim he stayed alive by EATING him El Salavadorian castaway Jose Ivan and later told that his full name is Jose Salvador Alvarenga walks with the help of a Majuro Hospital nurse in […]

Cruise guests return to South Florida following shipboard fire that killed three

Pin It

By Jane Wooldridge From Miami Herald All 656 guests aboard the Oceania Insignia returned to the United States by charter flights Friday following an engine-room fire Thursday morning in which three workers died, a company spokesman said. Guests were taken to South Florida hotels while the Miami-based cruise line arranged their transportation home. The ship […]