Political Risk, Credit & Finance
The latest changes in political risk, credit, finance that effect the marine insurance market.
- Kirby Inland Marine to pay $15.3m in damages over 2014 Houston oil spill December 3, 2021Houston, Texas-based Kirby Inland Marine has agreed to pay $15.3m in damages and assessment costs as a settlement that will resolve federal and state claims for the environmental damage caused
- Carnival Horizon cancels two sailings December 3, 2021Because of an issue with its maximum cruising speed cruise ship Carnival Horizon (IMO 9767091) has cancelled two sailings, scheduled to leave on December 5th and December 11th from Miami ....
- MOL sets up “blue-economy” fund for Mauritius December 3, 2021MOL, the charterer of the wrecked carrier Wakashio, has said that it planned to support the development of the "blue economy" in Mauritius after the grounding of the Wakashio off Mauritius in ....
- Ex-Costa Romantica looks to be heading for Pakistan scrapyard December 3, 2021The cruise ship once named the Costa Romantica looks set to be delivered to a Pakistani breakers' yard in the not-too-distant future. The vessel was sold by Carnival Corporation in 2020 as .....
- West’s Waypoints 2 deep dives topic of seafarer wellbeing December 3, 2021West of England Club's second issue of Waypoints, just released, covers a range of issues, focusing heavily on the wellbeing of seafarers. Topics covered include one on how amendments to the ....
- Brazil: Regulatory gap on ship-to-ship transfers filled December 3, 2021Ship-to-ship (STS) transfers in Brazil have not previously been regulated, but from December 1st 2021 the National Waterway Transport Agency (ANTAQ)’s Resolution 59 (October 28th 2021) will ....
- Port of Vancouver congestion worsens December 2, 2021More than 50 ships were waiting off the Port of Vancouver at the start of the week, with loading and unloading delayed by several contributory factors. The port was still dealing with the ....
- Biden’s 24/7 plan to ease LA port congestion finds few takers December 2, 2021When last month US President Biden announced a deal that would see 24-hour operations at the Port of Los Angeles in an attempt to ease the container ship traffic jam outside the port, not a .....
- ICS urges WTO to prioritize maritime transport in multilateral trade talks December 2, 2021The International Chamber of Shipping (ICS) has called for maritime transport to be prioritized in multilateral trade negotiations. It made the request ahead of the 12th Ministerial Conference .....
- New ship queueing process at Los Angeles and Long Beach is working December 2, 2021The new ship queuing process off Southern California ports was working, even if not perfectly, according the Marine Exchange of Southern California, one of the entities responsible for .....