Three vessels found at fault in lead-up to Suez Canal collisions

An admiralty court in London has found fault with all three vessels involved in a collision on the Suez Canal in 2018, including a bulker that struck two vessels within the span of a single day. In the case of Mv Pacific Pearl Co. Limited -v- (1) NYK Orpheus Corp (2) Quick Ship Holding S.A….

The...

https://insurancemarinenews.com/insurance-marine-news/three-vessels-found-at-fault-in-lead-up-to-suez-canal-collisions/

Ukraine sets out plan to export more grain to poor countries

Ukraine has said that it wants to renew and extend the Black Sea Corridor grain deal signed in late July and which is due to expire at the end of this week. President Volodymyr Zelenskiy told the G20 nations this week that Ukraine wants to feed at least 5m more people facing acute food shortages…

The...

https://insurancemarinenews.com/insurance-marine-news/ukraine-sets-out-plan-to-export-more-grain-to-poor-countries/

Russian oil is being put to sea ahead of imminent EU/US sanctions

Russian fuel exports at sea between November 1st and 10th rose 22% from the prior month to around 3.17m bpd, according to estimates from data and analytics firm Kpler. That would be the highest since at least 2017. Russian refiners were thought to be rushing to complete deals before EU restrictions...

https://insurancemarinenews.com/insurance-marine-news/russian-oil-is-being-put-to-sea-ahead-of-imminent-eu-us-sanctions/

Army vehicles seized from cargo vessel off coast of Libya

A stock of armoured army vehicles was reported to have been seized aboard cargo ship Meerdijk (IMO 9377925) while it was off the coast of Libya. According to the EU maritime mission IRINI, the cargo violated the current UN arms embargo on Libya. One of the European military vessels operating in the...

https://insurancemarinenews.com/insurance-marine-news/army-vehicles-seized-from-cargo-vessel-off-coast-of-libya/

Russian fertilizer cargo allowed to leave Rotterdam for Malawi

A Russian fertilizer cargo that has been detained for months in the port of Rotterdam because of sanctions has been given permission to ship to Malawi. Although it has been confirmed that the cargo is from a Russian person who is sanctioned, the UN has promised that the individual will not make any...

https://insurancemarinenews.com/insurance-marine-news/russian-fertilizer-cargo-allowed-to-leave-rotterdam-for-malawi/

Gallagher Pre-Renewal Report #8: Free Reserves Club by Club

In its annual pre-renewal summary of the Group Clubs for past and present years, broker Gallagher has noted that, in aggregate, free reserves were currently more or less at the same levels as they were five years ago. The decline of $64m constituted a fall of little more than 1%, although Gallagher...

https://insurancemarinenews.com/insurance-marine-news/gallagher-pre-renewal-report-8-free-reserves-club-by-club/

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