Political Risk, Credit & Finance
The latest changes in political risk, credit, finance that effect the marine insurance market.
- Panama Maritime Authority says it is deflagging many sanctioned vessels February 14, 2025In a release published on February 12th, the Panama Maritime Authority (PMA) said that it had achieved a 96.5% compliance rate with international maritime safety and environmental protection ....
- Indian refiners restructuring supply chains February 14, 2025Oil refiners in India are working with merchants, shippers and others to restructure their supply chains as tougher US sanctions come into effect, reports Bloomberg ....
- Russia puts together LNG carrier flotilla in Arctic waters: report February 14, 2025Russia is accumulating a collection of LNG carriers in the Arctic ahead of the impending EU transshipment ban, which begins in March. From then, EU export terminals will become unavailable ....
- New rules for containerized cargo February 14, 2025From March 1st ocean common carriers of containerized cargo will be required to file documented export strategies with the US Federal Maritime Commission (FMC) on an annual .....
- Requirements for ships entering Chinese waters in an emergency February 14, 2025China MSA has published an announcement requesting ships, effective from March 1st, to report to maritime administration authorities when, because of an emergency situation, a permit to .....
- Cordelia Moon waits off Indian coast with Russian oil February 13, 2025Crude oil tanker Cordelia Moon (IMO 9297888), which has been carrying crude from a Russian producer that was recently sanctioned by the US, has been floating off West Coast of India for ....
- Ex-Tartus convoy will pass Dover this week February 13, 2025A convoy of the two Russian cargo ships, the Sparta and the Sparta II (IMO 9160994), along with Class A oil tanker General Skobelev (IMO 9503304) will pass within a few miles of the port of ....
- P&I Clubs “drawn into the morass” of international sanctions February 13, 2025At last week’s 2025 Hellenic-American and Norwegian-American Chambers of Commerce (HACC-NACC) event in New York, an HACC NACC panel discussed the interaction between the P&I Clubs ....
- Yemeni dhow attacked by pirates: report February 12, 2025UK-based maritime security consultants Ambrey has issued a notice to clients detailing a suspected pirate action group that had been spotted departing Marreya, Eyl, to the northeast .....
- West reminds members for need of diligence checks on Russia-related trade February 12, 2025Group Club West P&I has reminded members of the need and requirement for them to make full due diligence checks on all the parties involved in relation to any trade to or from Russia ....