Political Risk, Credit & Finance
The latest changes in political risk, credit, finance that effect the marine insurance market.
- Felixstowe strike could see challenges to supply chains: advisory August 12, 2022The anticipated eight-day strike at the UK port of Felixstowe, leading up to Bank Holiday Monday on August 29th, will be a key risk factor in near term planning decisions of supply chain .....
- Empty container congestion on US Atlantic coast blamed on “lack of accountability” August 12, 2022US Federal Maritime Commission member Carl Bentzel said on August 9th that carriers should not “receive involuntarily subsidized storage for empty containers that belong to them” that are .....
- Cuba brings port fire under control August 12, 2022On August 10th Cuba finally brought under control the fire at the fuel storage facility in Matanzas, with firefighters, helicopters and boats pouring water and foam on the smouldering remnants .....
- Carnival cancels some cruises because of ship repair August 12, 2022Carnival Cruise Line has notified passengers that their October 2023 cruises aboard the Carnival Paradise (IMO 9120877) have been cancelled due to the need for the ship to enter .....
- Turkey resumes hydrocarbon drilling in Eastern Mediterranean August 11, 2022Turkey resumed its hydrocarbon drilling operations in the eastern Mediterranean on Tuesday August 9th after a two-year pause. Turkey's President Recep Erdogan promised this time round that ....
- Shortage of crew results in cancellation of Diamond Princess trips August 11, 2022Princess Cruises announced on Tuesday August 9th that that it would be cancelling 11 upcoming cruises between September and November aboard cruise ship Diamond Princess (IMO 9228198) .....
- Cargo traffic on the Northern Sea Route exceeds plan by 5%, claims Russia August 11, 2022Cargo traffic on the Northern Sea Route (NSR) exceeded its plan by 5% during H1 2022, according to Russia's Deputy Prime Minister Alexander Novak. The target of cargo traffic on the Northern .....
- Port St Petersburg traffic falls; MSC, CMA CGM are the only carriers to call August 11, 2022The global fleet capacity using the Russian port of St Petersburg has fallen significantly since Russia invaded Ukraine this February, according to the latest statistics from .....
- Lindblad relaunches former Crystal Cruise ship in Galapagos August 11, 2022Lindblad Expeditions was preparing to launch its new cruise ship – acquired last year from Genting Hong Kong and Crystal Cruises. The ship has been rebuilt and rechristened the National .....
- Seafarer Happiness recovers from nadir last quarter August 11, 2022The latest Seafarers Happiness Index report, just published by The Mission to Seafarers, has indicated that seafarer happiness levels were recovering from the low that they reached in Q1 2022 .....