Tankship Zapadnyy (IMO 8711837) encountered difficulties at the entrance of Silloth harbour, Cumbria, northwest England, on Saturday February 10th. En route from Bremen, the ship was high and dry with a list to starboard side at low tide. The local authorities refloated the vessel, at high tide,...
International shipowners association BIMCO has established a subcommittee to work on a global standard contract for the transport and installation of offshore wind turbines. Work on WINDSEACON was initiated through a series of consultations with about 65 key market players. Following this a...
Group Club Steamship Mutual said yesterday that it had also received a notice of cancellation from its reinsurers relating to war risks for vessels transiting the Red Sea. A similar notice to that issued two days ago by Skuld (see yesterday’s IMN) has now been issued by Steamship. Steamship said...
Japanese authorities are investigating the sale of the Jousan Maru No 18 in 2021, which is alleged to have been delivered fraudulently to Iranian interests. The small 1,450 dwt cargo ship had been owned by a Japanese public entity. The authorities are focusing on a Japanese trading company that...
Group Club Skuld has informed all fixed-premium clients – including Fixed P&I, Charterers, Offshore, Yachts, Yacht Crew Liability, and Optional covers – where cover is extended to include War Risks, Assuranceforenigen Skuld (Gjensidig) (The Association) has received a Notice of Cancellation from...
https://insurancemarinenews.com/insurance-marine-news/skuld-cancels-certain-fixed-premium-war-risks/
Blue Dream Cruises, the new owner of the vessel formerly known as the AIDAvita and now called the Blue Dream Melody (IMO 9221554) is sailing through the Red Sea, despite current dangers. The ship is currently being transferred to China, without passengers, in order to be converted into a vessel...
https://insurancemarinenews.com/insurance-marine-news/ex-aidavita-is-sailing-through-the-red-sea/
Japan Club and NorthStandard have informed members of changes to marine rules in China. Japan Club cited information from local correspondent, Oasis P&I Services Co Ltd, that an amended law that came into effect on January 1st meant that rules regarding all aspects of the prevention and control of...
https://insurancemarinenews.com/insurance-marine-news/tougher-pollution-rules-in-china/
Sweden has dropped its investigation into the explosions in 2022 that effectively destroyed the operating Nord Stream 1 pipeline and confirmed that Nord Stream 2 was unlikely ever to come into operation in the foreseeable future – also representing the end of German ambitions throughout the...
A former employee shot dead the head of Greek shipping company European Navigation on Monday February 12th, along with two others, at the firm’s office in Athens, before shooting himself, the local police have reported. Greek media reported police and ambulances were called outside the offices of...
P&I Clubs have improved their underwriting results in recent years, but further general increases will be needed to keep up with Inflation, says AM Best in its just published report on the 12 Group Clubs. The Best’s Market Segment Report, “P&I Clubs: Improving Underwriting Results but Further...