Political Risk, Credit & Finance
The latest changes in political risk, credit, finance that effect the marine insurance market.
- US imposes sanctions on six more tankers January 22, 2021The US has imposed sanctions against six more tankers which the US said were trying to break the embargo on oil transportation to and from Venezuela. Four of the tankers have connections to ....
- US imposes sanctions on six more tankers January 22, 2021The US has imposed sanctions against six more tankers which the US said were trying to break the embargo on oil transportation to and from Venezuela. Four of the tankers have connections to ....
- USCG warns mariners about turning off AIS January 22, 2021The US Coast Guard has issued a warning to mariners and commercial fisherman about the dangers and potential legal consequences of switching off their AIS. The USCG said on Wednesday ....
- ICS says seafarers should receive vaccine priority January 22, 2021UK-based International Chamber of Shipping has said that governments worldwide should prioritize seafarers for Covid-19 vaccinations in order to help keep global supply chains operating ....
- Another ex-CMV vessel heads for the breaker’s yard January 22, 2021The collapse into administration last year of UK-based Cruise and Maritime Voyages (CMV) has now resulted in a third vessel that was previously in its fleet finding no buyers willing to ....
- US MARAD updates security advisories on Gulf of Guinea, Red Sea/Gulf of Aden and Persian Gulf January 21, 2021The US Department of Transportation Maritime Administration (US MARAD) has revised its advisory for the Gulf of Guinea and, in separate advisories for the Red Sea/Gulf of Aden and Persian Gulf ....
- Indonesia intercepts Chinese vessel in the Sunda Strait January 21, 2021Indonesia's Maritime Security Agency – Baklama – has intercepted a Chinese research vessel in the strategic Sunda Strait. The vessel had its AIS turned off, Baklama said. The incident ....
- Senegal steps up immigration and customs controls January 21, 2021Marine insurer Gard has noted that vessels calling at Senegalese ports, particularly Dakar, were continuing to face customs fines, but noted that the amounts of such fines had recently increased ....
- Sri Lanka: offshore crew transit hub for bulk crew changes January 21, 2021UK Club's correspondent in Sri Lanka, GAC Shipping Ltd, has noted the commencement on December 22nd 2020 of bulk crew changes of international seafarers through an Offshore Crew Transit Hub ....
- Beaching of ships in Bangladesh continues to claim lives, says NGO Shipbreaking January 21, 2021At least five workers lost their lives during Q4 2020 while dismantling out-of-service ships at shipbreaking facilities in Bangladesh, according to the latest quarterly report from the ....