Political Risk, Credit & Finance
The latest changes in political risk, credit, finance that effect the marine insurance market.
- Houthis extend target area March 18, 2024Abdul Malik al-Houthi, the leader of Yemen's Houthis, said on Thursday March 14th that the group would extend the range of its shipping targets to include Israel-linked ships passing .....
- West African internet hit by damage to subsea communication cables March 18, 2024Marine industry service provider and P&I correspondent Budd Group has reported that, beginning Thursday March 14th, large swathes of West Africa had been experiencing a major internet outage ....
- Sanctioned tanker NS Century reaches China port to discharge Russian oil March 18, 2024Crude oil tanker NS Century (IMO 9306782) arrived at Qingdao Port, China, late on Thursday March 14th to discharge a cargo of Russian crude oil, LSEG shipping data showed. The vessel is ....
- Indian Navy frees the Ruen March 18, 2024Hi-jacked Navibulgar bulk carrier Ruen (IMO 9754903), seized by Somalis in December in the Indian Ocean and sailed back to Somalia, could be the pirates’ new mothership ....
- Second sanction-hit Russian tanker docks at Chinese port to discharge crude March 15, 2024Russian sanction-hit crude oil tanker Krymsk (IMO 9270529) docked at the Chinese port of Dongying in eastern Shandong province on Wednesday March 13th. Dongying is the site of several ....
- Russian crude oil shipments recovering March 15, 2024Seaborne crude oil exports from Russia have reached their highest level for the year so far, reports Bloomberg. It noted that a 590,000bpd jump in the week to March 10th came only a short ....
- Shipbreaking of vessel in Philippines causes concern March 15, 2024The City Mayor Junard Chan of Lapu Junaid in the Philippines , Junard Chan, has sent an investigating team to confirm reports of ongoing ship-breaking activities on vehicle carrier Diamond ....
- Commercial maritime option being considered for Gaza aid March 14, 2024The US is considering the funding of a privately run operation to send aid by sea to Gaza, reports Reuters, citing three people familiar with the planning and a U.S. official. It would be asking ....
- Vessel hit by Ukrainian military is identified March 14, 2024The vessel that the Ukrainian military claimed to have destroyed near Crimea has been identified as the former tankship Mekhanik Pogodin (IMO 9598397). The Russians were said to have converted ....
- Changes to UK immigration guidelines for seafarers March 14, 2024Correspondent Van Ameyde Marine has Group Club Britannia of significant changes to UK Immigration (Border Agency) guidelines which the correspondent said could impact seafarers receiving ....