(NEW YORK) While some corporate law practices suffer, firms such as Morgan, Lewis & Bockius and Cravath Swaine & Moore have found a safe harbour: the shipping industry. Ship owners now pay securities lawyers US$500,000 to US$1 million or more to handle initial public offerings in the US. Cosco submits highest bid for Piraeus tender05/06/08 (ATHENS) Greece's largest port authority said on Tuesday that China's Cosco Pacific Ltd has submitted the highest bid to manage two of its container wharfs, offering a total of 4.93 billion euros (S$10.39 billion). Daewoo gets US$2.5b of orders in 2 weeks05/06/08 (HONGKONG) Daewoo Shipbuilding & Marine Engineering Co, the world's third-largest shipyard, said it has received US$2.5 billion of orders in the past two weeks to build 10 vessels that can carry oil and commodities and drill for crude.
Thursday, June 5, 2008
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