Political Risk, Credit & Finance
The latest changes in political risk, credit, finance that effect the marine insurance market.
- Maritime union welcomes planned UK Employment Rights Bill October 11, 2024UK-based maritime union Nautilus International has welcomed a draft Employment Rights Bill released this week by the UK government, stating that such a law would improve protections for ....
- BIMCO approves management agreement for autonomous ships October 11, 2024Shipping organization BIMCO’s documentary committee has adopted the AUTOSHIPMAN, an agreement that provides a standard contractual foundation for third-party shipmanagers to deliver ....
- IUMI issues best practice recommendations on the use of flexitanks October 11, 2024The International Union of Marine Insurance (IUMI) yesterday October 10th published a comprehensive best practice guide for the safe use of flexible tanks for the transport of liquid ....
- Superyacht removed from US sanctions list October 10, 2024In what is a rare event these days, a vessel has been removed from the US OFAC sanctions list. The 2019-built Flying Fox (IMO 9829394), 136-metres long, four (passenger) storeys high, and a ....
- Ship’s officer arrested in Norway for flying a drone October 10, 2024Marine insurer and Group club Gard has notified members that a ship’s officer aboard one of its members’ vessels had recently been arrested, fined, and was at risk of being deported after .....
- Montreal dockers to implement overtime ban October 10, 2024An ongoing contract dispute in the Port of Montreal between dockworkers and their employers’ association has now seen the dockers’ union announce plans to begin refusing overtime .....
- Maersk expects ship regulator to approve global CO2 levy in 2025 October 10, 2024Denmark-based AP Moller-Maersk has said that it expects the industry’s global regulator next year to approve a charge on vessels’ greenhouse gas emissions. At the IMO talks in London last .....
- Controversial cargo carrier barred from Maltese waters October 9, 2024General cargo ship Kathrin (IMO 9570620) will not be allowed to pass through Maltese waters, a Government spokesperson has confirmed. The ship made a request to stop in Malta to change ....
- IMO to hold additional talks on GHG measures ahead of MEPC 83 October 8, 2024The Marine Environment Protection Committee (MEPC) of the IMO, which last week at MEPC 82 in London failed to reach definite conclusions on a number of important matters, has agreed to .....
- Northern Sea Route transits set to break record in 2024 October 8, 2024Although an excess of sea ice is threatening to bring to an early end the “safe season” for the Northern Sea Route (NSR) it still looks set to break the record for the number of vessels ...