The International Transport Workers Federation (ITF) and the International Chamber of Shipping (ICS) have backed the campaign to gain the freedom of 26 seafarers who have been detained since August, first by Equatorial Guinea and now by Nigeria, on allegations of oil theft. Following confirmation...
There are more than 2,000 oil and gas wells in the UK sector of the North Sea will need to be decommissioned over the next 10 years, and this could cost around £20bn, according to a report from industry group Offshore Energies UK (OEUK). The UK decommissioning sector was predicted to see a surge in…
The US Maritime Administration has approved construction and operation of the Sea Port Oil Terminal, on the outer Continental Shelf of the Gulf of Mexico, some 27.2nm to 30.8nm off the coast of Brazoria County, Texas. The decision was made on November 21st, and the new facility will be capable of...
https://insurancemarinenews.com/insurance-marine-news/us-approves-sea-port-oil-terminal/
Japan Club has announced that it will be seeking a 10% general increase for P&I and FD&D classes at the 2023 renewal next February. Charterers’ entries will also go up by an average of 10%, depending on individual claims experience. Naiko (coastal) class entries will be individually assessed, with...
https://insurancemarinenews.com/insurance-marine-news/japan-seeks-10-general-increase-in-pi-and-fdd/
A combination of an increasing number of cases of Covid-19 at various sites in China, added to growing public protests at the zero-Covid strategy of the Chinese government, is leading to concerns that supply chains into and out of China could be subject to increasing delays and difficulties. The...
Fire broke out in living quarters of oceanic fish factory ship Sunfish (IMO 9060431) on November 27th while it was in the Okhotsk sea off the western coast of Kamchatka Peninsula. Over the period of November 27th and 28th the crew managed to extinguish fire by their own means. Some smoke was...
https://insurancemarinenews.com/insurance-marine-news/marine-accident-round-up-29th-november-2022/
The EU has become the world’s largest seaborne importer of liquefied natural gas (LNG) as a result of Russia’s invasion of Ukraine in February this year, and the subsequent need for the EU to find alternative sources of energy. Its share of LNG imports via sea grew to 24.6% during the first 10...
https://insurancemarinenews.com/insurance-marine-news/eu-now-biggest-seaborne-importer-of-lng/
The Maersk test case relating to alleged failure to fulfil previously agreed container carrying contracts because spot prices had risen dramatically since the initial contract was signed could turn out to be the first of many. Indeed, widespread accusations of such activity resulted in the US...
https://insurancemarinenews.com/insurance-marine-news/oj-commerce-case-could-be-first-of-many/
In Gallagher’s Q4 update on the H&M and War Risks market, the broker said that the war in Ukraine continued to: warning dominate the War Risks market. The good news was that, since the initial opening of the grain transit corridor in late July 2022, numerous vessels that previously had been blocked...
Crude oil tanker C Grace (IMO 9904065) diverted to Bermuda on November 18th to transfer ashore a crew member suffering from a medical condition. The vessel was en route from Singapore to Yum Kaknaab, Mexico. It arrived in Bermuda waters on November 21st. The 33-year-old South Korean crew member was...
https://insurancemarinenews.com/insurance-marine-news/marine-accident-round-up-28th-november-2022/