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Political Risk, Credit & Finance

Political Risk, Credit & Finance

The latest changes in political risk, credit, finance that effect the marine insurance market.

  • Evergreen ponders offloading Ever Given’s cargo within Suez Canal April 21, 2021
    The charterer of ULCV Eber Given, Evergreen, was reported to be mulling the possibility of offloading the cargo on board the detained ULCV Ever Given, in order to deliver the vessel's cargo ....
  • Tug industry “continues to cut corners” claims ITF April 21, 2021
    The Ever Given blockage of the Suez Canal in late March showed the importance of tug and towage workers, but their industry continued to cut dangerous corners, claimed the International ....
  • Singapore prepares to tackle shipping backlog from Suez Canal blockage April 21, 2021
    Ships which were held up while en route from Europe to Singapore because of the blockage of the Suez Canal from March 23rd to March 29th will soon begin to turn up in Singapore, several days ....
  • Suez Canal blockage: supply chain risks assessed April 21, 2021
    International freight transport and logistics insurer TT Club has alerted supply chain operators to the consequential impact of disruption stemming from blockage of the Suez Canal. It has urged ....
  • Lebanon to ask Russia for help in restoring port, building power plants April 21, 2021
    Lebanese Prime Minister-designate Saad al-Hariri intended to ask Russia for economic assistance during his visit to Moscow last week, his special representative has ....
  • Venice ban on large cruise ships turns out not to be such a ban after all April 20, 2021
    A highly trumpeted "ban" on cruise ships calling at a port in the middle of Venice has turned out to be less of a prohibition than was first thought. On March 25th Italy's ministers for the ....
  • UK Club publishes comprehensive guide to crew changes during the pandemic April 20, 2021
    UK Club said last week that it had been working with more than 200 members of its correspondent network "to produce a comprehensive document that outlines challenges and changes for crew ....
  • 2021 post-renewal Group announcements not uniformly positive, says Marsh April 19, 2021
    Following the February 2021 P&I renewal, announcements by the International Group (IG) and P&I clubs were not as uniformly positive as in previous years, according to Mark Cracknell ....
  • Tougher at-berth emissions reductions in California April 19, 2021
    California’s new regulation designed to further reduce pollution from vessels berthed at its ports is now in force, Gard has informed its members. The Club warned that, while compliance by ....
  • Carnival Corp says CDC proposals for return of cruise ships are “unworkable” April 19, 2021
    Friction between the cruise ship industry in the US and the Centers For Disease And Control prevention (CDC) is showing no sign of easing. Cruise industry executives met with health experts ....

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