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Freighter Catches Fire in Iskedrun Port

first_img1978-built, 2937 dwt  general cargo vessel Retaj caught fire while docked in Turkey’s Mediterranean Port of Iskedrun, January 14, Haber Turk reports.The fire reportedly spread across the entire Togo-flagged ship. Local firefighters are currently on scene and are trying to contain the fire.Turkey’s Minister for Transport, Maritime Affairs and Communications Lutfi Elvan told Haber Turk that four tugboats have been sent to the scene to help put out the fire.All crewmembers aboard Retaj at the time of the accident were rescued, and there have been no injuries reported so far. The cause of the accident is still unknown.World Maritime News Stafflast_img read more

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Judge OKs transfer of QuadrigaCX cryptocurrency exchange case to Toronto court

HALIFAX — A Nova Scotia Supreme Court judge has approved the relocation of QuadrigaCX’s ongoing bankruptcy proceedings from Halifax to Toronto.The change of jurisdiction had been requested by the accounting firm investigating the exchange’s collapse, as the case is now largely focused on people and assets residing in Ontario.Asim Iqbal, a lawyer with Miller Thompson representing the roughly 76,000 affected users, says it was a “good decision” to handle the case in a more cost-effective way, reducing travel and administrative expenses.Accounting firm Ernst and Young had said that the involvement of several law enforcement agencies and regulators investigating QuadrigaCX’s downfall means the case will require multiple court appearances in Toronto.Of the QuadrigaCX users who lost money, 39 per cent were based in Ontario, 19 per cent were in British Columbia and 14 per cent were in Quebec, while 1.4 per cent lived in Nova Scotia.QuadrigaCX’s parent company Quadriga Fintech Solutions was granted creditor protection on Feb. 5 and entered bankruptcy proceedings on April 15.The Canadian Press read more

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