Political Risk, Credit & Finance
The latest changes in political risk, credit, finance that effect the marine insurance market.
- Focused Inspection Campaign (FIC) in Australia July 27, 2021The American Maritime Safety Authority (AMSA) is to run a Focused Inspection Campaign (FIC) that will concentrate on safety of navigation. It will run from August 1st to September 30th ....
- Western Australia shifts South Australia to medium risk for Covid-19 July 27, 2021Effective 12:00pm on Thursday 22nd July South Australia transitioned from a 'low risk' state to a ‘medium risk’ state under Western Australia (WA)’s controlled border regulations ....
- Indian union says China stopping Indian seafarers from entering July 27, 2021Mumbai-based All India Seafarers Union has said in a tweet that the Chinese government "is not allowing all those ships to enter into the port". It also said that Indonesia was opening up to .....
- Transnet identifies source of cyber threat at South African ports July 27, 2021South African state-owned port and land transport company Transnet has said that it was now working to bring its operations back to normal following a cyber-attack. The logistics group said .....
- New Zealand PM wants to stop foreign fishing boats from changing crews July 27, 2021New Zealand prime minister Jacinda Ardern has asked for legal advice on whether she can stop foreign fishing vessels changing crews in New Zealand. New Zealand encountered two cases in the .....
- War risk insurance: Nigeria must tackle piracy, says lawyer July 27, 2021A Nigerian lawyer has insisted that the country needed to address the root cause of piracy on its waters if it wants the war risk surplus currently imposed on vessels transiting the Gulf of ....
- Transnet says it has identified source of hack/IT problem at South Africa ports July 26, 2021South African state owned port and freight rail company Transnet SOC has said that it had succeeded in identifying the source of a problem that forced the company to halt operations at its ....
- Crew quarantined on board as Delta variant approaches New Zealand July 26, 2021Crew members of container ship MV Mattina (IMO 9315915) were being quarantined on board the ship off New Zealand after they had tested positive for the Delta variant of Covid-19. Two of .....
- Lloyd’s will continue to operate Lloyd’s Salvage Arbitration Branch July 26, 2021Lloyd’s has confirmed that it will continue to operate the Lloyd’s Salvage Arbitration Branch (LSAB) that oversees the Lloyd’s Open Form (LOF) salvage contract and procedures. The Lloyd’s Council ....
- Nigeria court sentences 10 men to prison for ship hijacking in 2020 July 26, 2021A Nigerian court has sentenced 10 men to 12 years in prison on Friday for their role in the kidnapping of the crew of Chinese-flagged FV Hailufeng II in May 2020 (IMN May 21st 2020) .....