Hidden storage locations near main terminals to reduce the risk of detection, plus collaboration from some, possibly planted, personnel, were two trends in the smuggling of drugs from Colombia to Europe and other international locations, according to a report from West of England Club’s...
Political Risk, Credit & Finance
Alternative fuels a focus in IACS annual review
The ongoing increase in focus on the variety of alternative fuels as part of the industry’s accelerating attempts to reach Net Zero before the first half of the century is over, is reflected in the just published International Association of Classification Societies (IACS) 2023 Annual Review (link...
Russian reinsurer backs three domestic primary insurers
Russia’s state-owned Russian National Reinsurance Company (RNRC) has given financial backing to three Russian insurers, reports Reuters, citing two unnamed sources. This will enable the insurers to get Indian approval to provide marine insurance cover to tankers. Sogaz Insurance, Alfastrakhovanie, and VSK Insurance have joined Ingosstrakh as insurers approved by India for providing marine insurance…
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Toolkit from TT Club on how to meet ‘complex’ demands of ESG
Logistics and transport insurer mutual TT Club (TT) collaborated with its members, partners and service providers to compile a toolkit to help its insureds meet the complex demands developing ESG (Environment, Social, Governance) policies present. It provides signposts to strategies and solutions to challenges such as emissions calculation, reduction and reporting. TT CEO Charles Fenton…
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Australia’s AMSA reports increase in detentions in 2023
The Australian Maritime Safety Authority (AMSA) has released its Inspections Annual Report, highlighting a significant increase in maritime safety regulatory activity. The Inspections Annual Report covers AMSA’s inspection activities on domestic commercial vessels (DCVs) such as fishing boats and ferries, as well as regulated Australian vessels and foreign-flagged shipping vessels under Port State Control (PSC).…
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EU expected to extend Russia sanctions to more ships
The European Commission is expected to propose sanctions on ships delivering North Korean military equipment to Russia, as well as on tankers found to have broken the G7 price cap on Russian oil, according to reports. The EC has not commented on the matter. The Commission this week has been...
Egyptian wheat ship leaves Russia after three-week delay
An Egyptian wheat ship has been allowed to sail from the Russian port of Novorossiysk on the Black Sea after waiting three weeks for the correct paperwork. It was the second such ship to be delayed because of a dispute between one of Russia’s top grain traders and a local regulator. Saad Moussa,...
Senegal continues to be a hotspot for significant fines
NorthStandard’s correspondent in Senegal has said that reports continued to come in of vessels facing fines imposed by the Senegalese customs authorities, with Dakar, the Senegalese capital, being a particular problem. NorthStandard said that recent experience suggested the customs authorities’...
Baltimore hourly rate port workers to get compensation for vanished earnings
Hourly workers in Baltimore’s ports, used to 80-hour pay cheques, have been lucky to get a few hours’ work a week since the March 26th allision between container ship Dali and the Baltimore Key Bridge. In the final hours of the legislative session, Maryland passed an Act that gave the governor’s...
Maersk could offer limited Baltimore barge service
Denmark-based shipping line Maersk has said that it might resume some shipping services at the Port of Baltimore after yesterday’s opening of a temporary channel designed to give access to “commercially essential” vessels. “This channel, with a controlling depth of 20 feet, could potentially allow...