Seawater fire extinguisher could have escalated events, says preliminary report

A seawater fire extinguishing system that had been installed as an additional safety precaution on passenger ship Ytterøyningen (IMO 9371531) could have contributed to escalating events that led to an explosion that struck the vessel on October 11th 2019. It followed an onboard fire the previous...

https://insurancemarinenews.com/insurance-marine-news/seawater-fire-extinguisher-could-have-escalated-events-says-preliminary-report/

EU Bank will maintain restrictions on Turkish lending amid ongoing oil and gas-drilling row

The European Investment Bank, the lending arm of the EU, has said that it expects to keep its lending in Turkey heavily restricted in 2020. An EU row with Turkey over oil and gas drilling off Cyprus shows no sign of being settled and could even be getting worse. The EIB supplied Turkey with almost…

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https://insurancemarinenews.com/insurance-marine-news/eu-bank-will-maintain-restrictions-on-turkish-lending-amid-ongoing-oil-and-gas-drilling-row/

AJ Gallagher says Clubs could report increase in free reserves at renewal date

In its Marine PI Market Pre-Renewal Update broker AJ Gallagher has said that it was possible that P&I Clubs collectively could report further increases in free reserves as at renewal date, February 20th 2020. “How long this will last is, of course, the eternal question but should the Clubs be...

https://insurancemarinenews.com/insurance-marine-news/aj-gallagher-says-clubs-could-report-increase-in-free-reserves-at-renewal-date/