Evergreen Line Declares Force Majeure on Israel Shipment: Customer Note October 18, 2023 By Jonathan Saul Taiwanese container shipping line Evergreen has declared force majeure on a shipment to the Israeli port of Ashdod, with its...
Russia Defaults on Foreign-Currency Debt for 1st Time in More Than a Century June 27, 2022 By Giulia Morpurgo and Libby Cherry Russia defaulted on its foreign-currency sovereign debt for the first time in a century, the culmination of ever-tougher Western sanctions...
Exxon Mobil Declares Force Majeure on Its Russian Sakhalin-1 Operations April 28, 2022 Exxon Mobil Corp. said on Wednesday its Russian unit Exxon Neftegas Ltd. has declared force majeure for its Sakhalin-1 operations...
Analysis: Russian Ransomware Attacks on Ukraine Muted by Leaks, Insurance Exclusion March 2, 2022 By James Pearson and Raphael Satter Warnings that pro-Russian ransomware gangs would snarl networks in Ukraine and its allies have so far failed to materialize amid...
Disruptions from Cyber Attack Force S. Africa Port Operator to Declare ‘Force Majeure’ July 27, 2021 By Felix Njini and John Viljoen Transnet SOC Ltd., South Africa’s state-owned ports and freight-rail company, declared force majeure at the country’s key container terminals after...
In-Person Texas GOP Meeting Canceled by Houston Convention Center July 9, 2020 By Cassandra Pollock, The Texas Tribune and Meena Venkataramanan, The Texas Tribune The Republican Party of Texas’ in-person convention has been canceled, Houston Mayor Sylvester Turner said on July 8. The news...
Coronavirus Leads Companies with Supply Chain Disruptions to Invoke ‘Force Majeure’ February 13, 2020 By Jan Wolfe With the coronavirus outbreak that originated in Hubei province, China, showing no signs of abating any time soon, some companies...
Coronvirus Led to Cancellation of Telecoms Meeting, but Insurance Cover Is Excluded February 13, 2020 Companies that have spent money on a major telecoms conference in Barcelona that has been canceled after mass withdrawals due...
Shell Singapore Refinery May Shut for a Month; Distillates Force Majeure September 30, 2011 By Francis Kan and Yaw Yan Chong Royal Dutch Shell’s Singapore refinery may remain shut for at least a month, industry sources said, and the company declared...