Political Risk, Credit & Finance
The latest changes in political risk, credit, finance that effect the marine insurance market.
- First signs of compromise in Ever Given grounding bill May 11, 2021The Suez Canal Authority (SCA) looked to be prepared to reduce the compensation bill it has demanded from the owners of ULCV Ever Given from $916m to about $600m ....
- Traders book tankers in Europe after Colonial pipeline shutdown May 11, 2021Traders provisionally booked at least six tankers to ship petrol from Europe to US destinations following Friday's cyber-attack on the Colonial Pipeline, which runs from Texas up to the ....
- German lines resuming domestic cruises in May May 11, 2021Three cruise operators that operate in the German market – AIDA, Hapag-Lloyd Cruises, and TUI – have said that they would be restarting services in Germany, starting from Kiel, before the end ....
- New rules on use of lasers in US navigable waters get master into trouble May 11, 2021Steamship Mutual's Ross Millar has written on a loss prevention matter where one of the club's members was caught out by a rule on the use of lasers in US waters ....
- USCG confirms that people aboard commercial vessels still required to wear masks May 11, 2021The US Coast Guard has confirmed that MSIB 02-21 CH-1, issued on March 22nd this year, which requires that masks be worn aboard commercial vessels and at seaports, remains the controlling ....
- Stronger safe management measures at PSA Singapore Terminals May 11, 2021UK Club has noted that the Port of Singapore Authority (PSA) has introduced tougher safe management measures at PSA Singapore terminals for contactless (segregated) cargo operations ....
- Ship operators at increased risk of drug smuggling: Gard May 11, 2021In its World Drug Report 2020 the UN Office on Drugs and Crime (UNODC) stated that illicit drug use had been on the increase in the five-year period to 2019. UNODC reported that Colombia ....
- Texas to join Florida, Alaska, in lawsuit against CDC May 10, 2021The US state of Texas, with its long coastline on the Gulf of Mexico, has begun steps to join Florida’s lawsuit against the US Centers for Disease Control and Prevention (CDC). The Florida legal ....
- Norwegian Cruise Line CEO says US ships are unlikely to sail this summer May 10, 2021Norwegian Cruise Line CEO Frank Del Rio has said that it was unlikely that the company would be able to restart US cruises in July, given the latest guidance from the US Center For Diseases ....
- National strike in Colombia hitting access to terminals: Steamship May 10, 2021Steamship Mutual's Club Correspondent in Colombia A&A Multiprime has warned that, following the government's tax reform legislation, placed before Congress on April 15th, a national strike began ....