Marsh and Ascot’s Ukrainian grain insurance facility secures first placement

Broker and risk consultant Marsh and specialty re/insurer Ascot Group have announced the first insurance placement for the new Marine Cargo and War facility announced by the pair a couple of weeks ago in response to the need for cover for ships negotiating the Black Sea Corridor from Turkey to...

https://insurancemarinenews.com/insurance-marine-news/marsh-and-ascots-ukrainian-grain-insurance-facility-secures-first-placement/

R&D deal signed for floating storage and regasification barge

NYK Line, Nihon Shipyard Co (NSY), ClassNK, and IHI Corp have signed a joint research and development agreement for the commercialization of an ammonia floating storage and regasification barge (A-FSRB). The parties will work on the R&D of the world’s first barge equipped with a floating storage...

https://insurancemarinenews.com/insurance-marine-news/rd-deal-signed-for-floating-storage-and-regasification-barge/

Felixstowe strike goes ahead – further supply chain disruption feared

Approaching 2,000 workers began their eight-day strike on Sunday August 21st at the UK’s largest container port Felixstowe. Operated by Hutchison Ports, Felixstowe handles more than 4m teu a year and accounts for just under half of container volumes in the UK. Sea-Intelligence said in its latest...

https://insurancemarinenews.com/insurance-marine-news/felixstowe-strike-goes-ahead-further-supply-chain-disruption-feared/

The obligation to accept a reasonably satisfactory security offered following a collision

Stella Kounakou, London-based Shipowners Club Claims Executive, has written on the recent case of Pacific Pearl Co Limited v. Osios David Shipping Inc [2022] EWCA Civ 798, in which it was decided that, when a party to ASG2 is offered security “in a form reasonably satisfactory”, it was obliged to...

https://insurancemarinenews.com/insurance-marine-news/the-obligation-to-accept-a-reasonably-satisfactory-security-offered-following-a-collision/

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