Marine round-up : 18th July 2023

Seven members of Ardonagh Specialty’s marine team, who were revealed late last week to have resigned, will be joining Amwins Global Risks, reports The Insurer . Ardonagh Specialty operates under the brand names of Bishopsgate and Price Forbes.

Tokio Marine HCC’s head of marine and energy liability Darren Carr has departed the business, reports Insurance Insider. Tokio Marine HCC appointed Darren Carr as Head of Marine Liability in November 2018. Previous to this he had been divisional head of marine insurance at Axis, and before that head of marine at Novae.

Maritime expert Amelia Reffold has joined the Watson Farley & Williams (WFW) as Counsel in the London office. She was previously a Senior Lawyer at Schjødt LLP. Reffold has expertise in both maritime and asset and structured finance law as well as in the energy and offshore sectors. She advises on a wide variety of commercial transactions involving vessel construction, operation and financing matters (including in relation to FPSOs, FSRUs and other offshore units), the drafting and negotiation of offshore construction, engineering and installation agreements, bareboat charters and ship management agreements, and cross-border restructurings. London Maritime Partner Joe McGladdery commented: “I am delighted to welcome Amelia to the team. Her expertise and wonderful skillset will be of great value and will significantly enhance our maritime and asset finance offering – in particular in the offshore and LNG sectors.”

The latest Drewry WCI composite index of $1,488.13 per 40ft container is now 86% below the peak of $10,377 reached in September 2021 and 79% off the level of one year ago. It is 45% lower than the 10-year average of $2,686, indicating a return to more normal prices, but remains 5% higher than average 2019 (pre-pandemic) rates of $1,420. Drewry expects East-West spot rates to decline marginally on most routes in the next few weeks.

Bulk carrier BW Matsuyama (IMO 9836488) struck general cargo ship White Star (IMO 9381938) at Constanta, Romania, on July 9th while it was manoeuvring. The White Star was understood to have suffered significant damage. Both ship’s cranes were affected. The bulk carrier was detained temporarily. The BW Matsuyama had arrived at Constanta on July 9th to offload a shipment of phosphates and to load 8,400 tons of soybeans. It left Constanta during the afternoon of July 14th. The White Star had also arrived at Constanta on July 9th, from Egypt.

2019-built, Singapore-flagged, 43,044 gt BW Matsuyama is owned by BW Maru Pte Ltd care of BW Maritime Pte of Singapore. It is managed by Kambara Kisen Co Ltd of Fukuyama, Hiroshima, Japan. ISM manager is Marufleet management Pte Ltd of Singapore. It is entered with NorthStandard (North of England) on behalf of BW Maru Pte Ltd. As of July 17th the vessel was underway from Constanta to Ghent, Belgium, ETA July 26th.

2007-built, Panama-flagged, 6,013 gt White Star is owned by Seapride Shipmanagement Co care of manager White Star Shipmanagement Inc of Constanta, Romania. As of July 17th the White Star remained moored at Constanta, Romania.

Cruise ship Norwegian Prima (IMO 9823986) broke away from its moorings at Zeebrugge, Belgium, when sudden strong winds struck during the afternoon of July 15th at Zeebrugge. Gangways were dragged and fell into water. The majority of passengers were ashore at the time. Tugs quickly brought the Norwegian Prima under control and put it back to berth. It left Zeebrugge according to schedule with all passengers on board and reached Southampton, UK, late at night same day. As of July 17th the vessel was underway at Zeebrugge, Belgium.

2022-built, Bahamas-flagged, 143,535 gt Norwegian Prima is owned by Leonardo One Ltd care of NCL (Bahamas) Ltd of Miami, Florida. It is entered with UK Club on behalf of Leonardo One Ltd.

Crude oil tanker Nautica arrived at the port of Hodiedah, according to a tweet from Yemeni Foreign Minister Ahmed Bin Mubarak. It will start pumping roughly 1.1m barrels of crude oil from the FSO Safer. The transfer is expected to take approaching two weeks.