Latest news from the marine insurance sector
The latest news from the global marine insurance industry. Updated each working day and without any access restrictions.
- Pilot involved in Ever Forward’s Chesapeake Bay grounding is suspended December 8, 2022The operating license of the Ever Forward pilot who steered the container ship (IMO 9850551) into the muddy bottom of the Chesapeake Bay on March 13th this year has been suspended, the .....
- New Turkish insurance rules delay Kazakh oil deliveries December 8, 2022The decision by Turkey to ask western insurers to guarantee cover for ships transiting the Bosphorus Strait that were found to have broken sanctions rules has not just caused a .....
- Russia-linked superyacht will be sold – proceeds will go to Ukraine December 8, 2022In an unusual diplomatic move related to western sanctions against Russia, it has been reported that the 92.5-metre superyacht Royal Romance (IMO 1012268), valued at about $200m pre-sanctions .....
- Enthusiastic bidding for US west coast offshore wind leases December 8, 2022Bidding commenced enthusiastically on December 6th for the first US offshore wind energy leases on the Pacific Coast, reported the Bureau of Ocean Energy Management (BOEM), which is .....
- Singapore and Netherlands accept IMO Convention amendments December 8, 2022Singapore and the Netherlands have become the latest countries to accept amendments to the Convention on the International Maritime Organization (IMO) which will expand the size of the .....
- Ukraine grain exports down 29.6% at to 18.1m tonnes so far in 2022/23 December 8, 2022Ukraine has exported just shy of 18.1m tonnes of grain so far in the 2022/23 season, down by 29.6% from the 25.8m tonnes exported by the same stage of the previous season, according to .....
- Right of insurer to recoup maintenance and cure payments December 8, 2022Kristin Poling, Claims Executive with UK Club, has looked at the Eastern District of Louisiana’s decision concerning an insurer’s right to recoup maintenance and cure .....
- Pilot decision to reduce speed probably caused a loss of rudder effectiveness December 8, 2022The US National Transportation Safety Board (NTSB) has determined that the probable cause of a collision was the decision of the pilot on one of the vessels to reduce the vessel’s speed in .....
- Dirty bulkers are now being used to carry food crops to Asia December 8, 2022Dirty bulk ships that had been used to carry iron ore are being scrubbed clean so that they can transport grain to Asia. The unusual shift of cargoes has been prompted by a slump in demand .....
- Marine accident round-up : 8th December 2022 December 8, 2022Tug AM Accord (IMO 9166132) remained in Port Authority custody at berth SM-14 on December 2nd awaiting the resolution of the case against the owner of the tug. The agent in the local court ......