Ørsted continues pull-back from offshore wind developments

Denmark-based energy major Ørsted has abandoned its previous plan to bid for offshore wind developments in Norway in partnership with Fred Olsen Seawind and Hafslund Eco. Olsen family’s investment firm, Bonheur, and parent company of Fred Olsen Seawind, said in an Oslo Stock Exchange filing that...

https://insurancemarinenews.com/insurance-marine-news/orsted-continues-pull-back-from-offshore-wind-developments/

ReCAAP holds second dialogue this year discussing robberies

The ReCAAP Information Sharing Centre (ISC) has held its second dialogue with the shipping industry this year to discuss security concerns of vessels transiting the Straits of Malacca and Singapore (SOMS). The association noted a 37% year-on-year increase in incidents of armed robbery against ships...

https://insurancemarinenews.com/insurance-marine-news/recaap-holds-second-dialogue-this-year-discussing-robberies/

Ukraine says it has agreed discounts with UK on insurance for Black Sea exports

Ukraine said on Tuesday November 14th that it had agreed a “special mechanism” with the UK and a consortium of UK-based (presumably London market) insurers to offer discounted war insurance on the country’s exports, Prime Minister Denys Shmygal did not provide further details on how the mechanism...

https://insurancemarinenews.com/insurance-marine-news/ukraine-says-it-has-agreed-discounts-with-uk-on-insurance-for-black-sea-exports/

LNG tankers taking “the long way round” as Panama Canal fees soar

Liquefied Natural Gas shippers look to be choosing longer routes rather than pay the rising fees required if they are to get their vessels through the traffic-restricted Panama Canal, reports Bloomberg. Routes around the southern Americas tip via Cape Horn take up to two weeks longer and add...

https://insurancemarinenews.com/insurance-marine-news/lng-tankers-taking-the-long-way-round-as-panama-canal-fees-soar/

Bulk carrier that ran aground in Michigan River is refloated

Self-discharging bulk carrier American Courage (IMO 7634226), an elderly 617ft lake freighter that ran aground in the St Clair River during the morning of November 7th, generating much local attention, was successfully refloated around about 12 hours later, with the help of towing vessels from...

https://insurancemarinenews.com/insurance-marine-news/bulk-carrier-that-ran-aground-in-michigan-river-is-refloated/

Insurance premiums rise after latest Black Sea attacks

Freight costs for ships using Ukraine’s coast-hugging export corridor from its Bollack Sea ports to Istanbul and beyond have risen following an attack on cargo vessel Kmax Ruler (IMO 9436642) in the Black Sea off Odesa last week, killing one, injuring three crew and one shoreside worker. The vessel...

https://insurancemarinenews.com/insurance-marine-news/insurance-premiums-rise-after-latest-black-sea-attacks/

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