Ariel Re to launch managing agent at Lloyd’s

Ariel Re has obtained regulatory approval to launch a Managing Agent at Lloyd’s of London. The new managing agency, Ariel Re Managing Agency (ARMA), will assume the management of Ariel Syndicate 1910, together with SPA 6117, from Argo Managing Agency Ltd. Ariel Syndicate 1910 started underwriting in early 2008. Today Ariel Re employs almost 100…

EU could exempt pilotage services from Russian oil ban

The European Union’s preparations for a ban on Russian oil imports beginning this December have not run completely smoothly. This week Greece, Cyprus and Malta were reported to be unhappy with the eighth tranche of sanctions because of the impact it would have on their shipping industries. In addition, a proposal has been made to…

Glencore sued in US court over alleged off-spec HSFO

Ship owner Serifos Maritime is suing oil trader Glencore for $2.18mn for allegedly supplying its vessel with off-specification high-sulphur fuel oil (HSFO) in Singapore in March. Serifos owns of 309,396dwt tanker Serifos (IMO 9410399), which had been fitted with a marine exhaust scrubber ahead of the 2020 introduction of new sulphur limits for shippers. A…

Fifth UN-chartered ship to deliver Ukrainian wheat to Somalia, says ministry

Bulk carrier New Island (IMO 9258349), the fifth vessel chartered by the United Nations World Food Programme (WFP), has arrived at the Ukrainian Black Sea port of Chornomorsk and will deliver Ukrainian wheat to Somalia, Ukraine’s infrastructure ministry said on Sunday. The ministry also said on Sunday that a total of 5.8 million tonnes of…

Indonesian navy denies it requested payments to release ships

Senior officers of the Indonesian Navy met with media late last month to deny reports of officers soliciting payments from tankers being detained in Indonesian waters. Reuters has published more than one report in which officers from the Indonesian Navy were alleged to have asked for payments of up to $375,000 to release tankers being…

Marine accident round-up : 5th October 2022

Container ship Nordic Italia (IMO 9474395) collided with 12-metre Polish fishing boat DZI 18 early in the morning of September 30th when 30nm NE of Swinoujscie, Poland, while en route from Szczecin, Poland, to Helsinki, Finland. The container ship was reported to have dragged the fishing boat in its bow for about an hour before…

Greek harbour tug operators fined for anti-competitive practices

The Hellenic Competition Commission has imposed fines totalling $4.4m on six tugboat companies in connection with a probe into alleged market collusion. The commission said that towing companies Vernikos, Spanopoulos, Megatugs, Zouros, Pro-Tugs and Med Tugs have agreed to a settlement to resolve the case, including a plea deal admitting involvement. The firms admitted to…

Singapore’s Sentek Marine charged with buying $56m worth of stolen marine gasoil

Singapore-based bunker supplier Sentek Marine & Trading has been charged in court with acquiring marine gasoil that was embezzled from Shell’s facility in Pulau Bukom. Sentek has been charged with acquiring property that it knew was another person’s benefit from criminal conduct. The company allegedly received 118,131 mt of stolen marine gasoil on its vessels…