Russia anticipating four-fold growth in Northern Sea Route use within five years

Russia has said that it expects shipping along the Northern Sea Route (NSR) in to increase more than fourfold by 2024 compared to 2018 levels. At a working meeting of the Northern Sea Route (NSR) Public Council held in Vladivostok at the 5th Eastern Economic Forum, Aleksey Likhachev, CEO of...

https://insurancemarinenews.com/insurance-marine-news/russia-anticipating-four-fold-growth-in-northern-sea-route-use-within-five-years/

Brittany Ferries has test runs in preparation for no-deal Brexit

French shipping company Brittany Ferries has begun a series of test journeys between the UK and France to see the impact of a no-deal Brexit and to make sure that their company is prepared for the additional bureaucracy. The operator has already had one rehearsal, on September 11th, with lorries...

https://insurancemarinenews.com/insurance-marine-news/brittany-ferries-has-test-runs-in-preparation-for-no-deal-brexit/

Salvage claims in the Turkish Straits and Revised salvage agreement – Turks 2015

Marine insurer Gard has published an article by Caglar Coskunsu of Cavus & Coskunsu Law Firm, Istanbul, on the dangers inherent in negotiating the Turkish straits, and the implication of the revised salvage agreement, “Turks 2015”. Gard noted that the Turkish Straits, consisting of the Istanbul and...

https://insurancemarinenews.com/insurance-marine-news/salvage-claims-in-the-turkish-straits-and-revised-salvage-agreement-turks-2015/

UK Club issues recommendations after China fines on sulphur fuel rules

Oasis P&I Services Company Ltd has informed UK Club that in recent months it had seen reports of cases in Guangzhou, Shanghai, Qingdao and some other ports, where local MSA offices had strengthened supervision and inspection and had imposed penalties on ships which were found to be in breach of the...

https://insurancemarinenews.com/insurance-marine-news/uk-club-issues-recommendations-after-china-fines-on-sulphur-fuel-rules/

IUMI supports paper to IMO on non-declared and misdeclared cargoes

IUMI has said that the solving the problem of non-declaration or misdeclaration of dangerous goods on-board container vessels was an important part in solving the problem of container ship fires. Apart from delivering regulatory control, the International Maritime Dangerous Goods Code (IMDG Code)...

https://insurancemarinenews.com/insurance-marine-news/iumi-supports-paper-to-imo-on-non-declared-and-misdeclared-cargoes/

IMO2020 and Bunkers: JVs turning challenges into opportunities

The implementation on 1 January 2020 of the global sulphur cap on marine fuels was expected to give rise to potential opportunities and risks in relation to issues such as the availability of marine fuels, the quality of marine fuels, increased cost and availability of credit, and price volatility....

https://insurancemarinenews.com/insurance-marine-news/imo2020-and-bunkers-jvs-turning-challenges-into-opportunities/

Positive indicators, but concerns remain for offshore energy underwriters

There was a 3% year on year fall in global offshore energy premiums in 2018 to $3.4bn, James McDonald, Chair of the IUMI Offshore Energy Committee reported on Tuesday September 17th at the International Union of Marine Insurance (IUMI) conference in Toronto, Canada. McDonald said that these...

https://insurancemarinenews.com/insurance-marine-news/positive-indicators-but-concerns-remain-for-offshore-energy-underwriters/