Norway-based marine insurer and Group Club Gard has updated members on the effect on contractual obligations of the cessation on July 17th of the Black Sea Grain Initiative (BSGI), which had allowed grain products to be shipped from Ukrainian Black Sea ports. Cliff Notes: The ending of the BSGI had...
The Chittagong Port Authority of Bangladesh (CPA), arrested cargo ship Pride (IMO 9303015) on August 3rd on the orders of the local high court, presumably as the result of a financial dispute. The vessel was laden with sugar and had arrived in port on July 17th. It was now waiting for the...
https://insurancemarinenews.com/insurance-marine-news/marine-accident-round-up-11th-august-2023/
Ukraine has announced unilaterally a “humanitarian corridor” to enable dozens of cargo ships trapped in its ports since February 2022 to leave via the Black Sea. Initially the corridor appeared to apply to vessels such as container ships, which were not covered by the deal that opened the ports for...
The towing of the tankship Sig (IMO 9735335) for repairs at the port of Aksay, Rostov-on-Don, began during the morning of August 8th. It was being carried out by Russian-flagged tug Konevets Barabulka. On board of the tanker was a team of the Azovo-Chernomorsky branch of the Marine Rescue Service,...
https://insurancemarinenews.com/insurance-marine-news/towing-of-tankship-sig-is-underway/
Hong Kong-based ship manager Anglo-Eastern has said that the issues regarding a potential ban on the company’s recruitment placement and service licence (RPSL) in India had now been resolved. This June India’s Directorate General of Shipping announced that it would be suspending Angol-Eastern’s...
Harold Daggett, president of the International Longshoremen’s Association (ILA), has no time for proposed automation and efficiencies in US ports on the Gulf and East Coast. He has called for a “global fight” against port and maritime automation THE ILA, which is the east and Gulf coast dockers’...
The recent drone attacks by Russia on parts of the Danube near the Black Sea, notably Izmail and Reni in Ukraine, have resulted in Black Sea exporters struggling to clear a backlog. Dozens of ships were backed up around the various entries to the Danube from the Black Sea. Since the abandonment of...
London-listed re/insurer Hiscox has reported a discounted group combined ratio of 85.7% for H1 2023, 5.1pp better than for the same period last year. Both the London market and reinsurance divisions benefited from continued hard market conditions. H1 GWP was almost $2bn, but the announced profit...
Feeder container ship Asuncion B (IMO 7922116) ran aground in the Parana river, which runs up from the east coast of South America between Uruguay and Argentina, reaching deep inland. The vessel ran aground between the 913km and 914knm marks during the afternoon of August 2nd, while en route from...
https://insurancemarinenews.com/insurance-marine-news/marine-accident-round-up-10th-july-2023/
Italian authorities on Wednesday August 9th said that 41 migrants were thought to have died in a shipwreck last week in the central Mediterranean, according to accounts by the four survivors, who have been taken to the Italian island of Lampedusa, which is situated in the Mediterranean between...