Political Risk, Credit & Finance
The latest changes in political risk, credit, finance that effect the marine insurance market.
- Australia rejects sheep exporter’s alternative plan July 17, 2018Australia's Federal Department of Agriculture (FDA) has suspended the licence of livestock exporter EMS Rural Exports. As a result the export to the Middle East of 45,000 of 60,000 sheep ….
- MCA issues set of FAQs about UK and Ballast Water Management Convention July 17, 2018The UK Maritime & Coastguard Agency (MCA) has issued a set of FAQs relating to the International Maritime Organization's ballast Water management Convention (BWMC 2004) which entered into ….
- Italy says it will take share of 450 migrants on two ships in Med July 17, 2018Italy's Interior Minister Matteo Salvini softened his previous hardline stance at the weekend when he said that some of the 450 migrants stranded on two ships in the Mediterranean would be ….
- US rejects French request for Iran waivers – Scor pulls out July 16, 2018The US has rejected a French request for waivers for companies operating in Iran. France sought after the waivers after the US administration imposed sanctions on Iran ...
- US says North Korea breached sanctions cap through STS transfers July 16, 2018The US has accused North Korea of breaching a UN sanctions cap on refined petroleum by making undeclared ship-to-ship transfers, between ships at sea, said Reuters citing documents it had seen ...
- Migrants disembark from Italian Coast Guard ship after intervention of President July 16, 2018The migrants aboard Italian coast guard vessel Nave Ubaldo Diciotti (IMO 9690420) have all disembarked at Trapani after an intervention by Italian President Mattarella ….
- Owners still “watching and waiting” as Sulphur Cap deadline approaches July 13, 2018The uncertainty surrounding the impending introduction of the Sulphur Cap in 2020 was highlighted at North P&I's briefing on ‘2020 Vision – Get Ready for the Sulphur Cap’, held in London on....
- Hong Kong to impose low sulphur emissions from start of next year July 13, 2018New Hong Kong air pollution control regulations will enter into force on January 1st 2019, one year ahead of the IMO imposition date for ocean-going vessels ….
- Seventeen Group buys specialist UK regional marine broker July 13, 2018London, UK-based broker Seventeen Group has bought Kent-based marine and marine trade specialist broker Everard Insurance for an undisclosed sum. Everards was established in 1969 ….
- Advent likely to be part run-off, part transferred to Brit: reports July 13, 2018Lloyd’s Advent syndicate 780, which is backed by Advent Capital Holdings, a wholly owned subsidiary of Fairfax Financial Holdings, is likely to be see some of its business transferred to Brit ...