Political Risk, Credit & Finance
The latest changes in political risk, credit, finance that effect the marine insurance market.
- Crew member of sunken tug obtains compensation, says ITF September 22, 2021A surviving crew member of scrapped tug Bourbon Rhode (IMO 9356359) has secured substantial compensation as a result, according to London based International Transport Workers’ Federation ....
- IMO’s carbon reductions push power limits lower, says North September 22, 2021As part of the IMO’s short term measures to reduce greenhouse gas emissions, the Energy Efficiency Existing Ship Index (EEXI) will come into force in 2023, observes Mark Smith, Loss ....
- Ocean tug set to circumnavigate Denmark under remote command September 22, 2021An ocean tug, the Nellie Bly, is being prepared for a 1,000nm autonomous and remotely commanded journey around Denmark, control systems developer Sea Machines said last week ....
- CMA CGM hit by another cyber attack September 21, 2021France-based container shipping line CMA CGM has been struck by a cyber-attack, the company informed customers at the weekend. CMA CGM said that it had suffered a leak of data on limited ....
- Anglo-Eastern Univan Group boss blasts ports that refuse crew changes September 21, 2021Bjørn Højgaard, CEO of major Hong Kong shipmanager Anglo-Eastern Univan Group, has proposed that ports which refuse crew changes because of Covid-19 fears should be boycotted by shipping ....
- Syrian crew alleges threats and abandonment: Human Rights at Sea September 21, 2021Four Syrian crew have said that they have been stuck on board their vessel, the Ali Bey (IMO 9070515), in Constanta Port, Romania since November 30th 2020. The vessel's Master, Captain .....
- Annual scholarship programme from International Group September 21, 2021The International Group of P&I Clubs and P&I Qualification Committee has launched an annual scholarship programme for those who are interested in embarking on a career in P&I and would like ....
- US Gulf of Mexico oil output recovering, but about a quarter still offline September 20, 2021US Gulf of Mexico Coast crude oil exports were recovering last week after the impacts of Hurricane Ida and Tropical Storm Nicholas. Local prices were easing as more shipments moved out of the ....
- Southern California ports move to cut delays September 20, 2021The two San Pedro Bay ports of Long Beach and Los Angeles have said that they were taking new measures to improve freight movement and reduce delays through the ports as they continued to ....
- Move to exempt Alaska permanently from PVSA September 20, 2021Republican Senator for Alaska Lisa Murkowski has proposed legislation that would exempt permanently cruises between the Lower 48 and Alaska from the Passenger Vessel Services Act ....