Political Risk, Credit & Finance
The latest changes in political risk, credit, finance that effect the marine insurance market.
- US accuses China of violating North Korea sanctions more than 500 times December 3, 2020The US has accused China of a flagrant violation of its obligation to enforce international sanctions on North Korea. The US offered a reward of up to $5m for information about sanctions evasions ....
- There ARE empty boxes, just not in the right place December 3, 2020German firms FraunhoferCML and Container xChange have carried out research into the average time containers spend between being (a) "empty in depot" and (b) "empty dispatched". They said that .....
- IBIA urges IMO Member Govts to apply amendments to MARPOL sulphur verification procedures December 3, 2020The International Bunker Industry Association (IBIA) has called for the governments of IMO Member States to adopt the MARPOL Annex VI sulphur verification procedure, prior to its entering into ....
- Chinese ban on solid waste imports starts from January 1st December 3, 2020UK Club has advised its members of a circular from correspondent Oasis P&I regarding the China's implementation of a complete ban on the import of solid waste from January ...
- Standard Club upgrades data and insight capabilities December 3, 2020Standard Club has enhanced its data and insight capabilities as part of a major two-year upgrade programme. Standard Club Performance and Strategy Director Dipo Oyewole said that "we have ....
- Covid-19 sees vessel operating costs rise at their fastest pace in over a decade December 2, 2020Vessel operating costs have risen at their fastest pace this year for more than a decade this year, according to research carried in shipping consultancy Drewry’s just published Ship Operating ....
- West of England ‘A-‘ rating affirmed by S&P December 2, 2020West of England P&I Club has had its ‘A-‘ rating reaffirmed by Standard & Poor's with a Stable Outlook. West said that, at a time when the market conditions are challenging and S&P has a ......
- Turkish exploration vessel back in port ahead of EU summit December 2, 2020Turkey’s seismic exploration vessel Oruc Reis (IMO 9675470) returned to port on Monday from disputed Mediterranean waters, less than two weeks before a European Union summit where the bloc ....
- USCG completes autonomous vessel trials December 2, 2020The US Coast Guard has completed a 30-day demonstration and evaluation of unmanned surface vehicles off Oahu, Hawaii, The test examined how emerging technologies might be used to help ....
- Gallagher 2020 Pre-Renewal Review – Club Pages – #3 Gard December 2, 2020Broker Gallagher has released its 2020 pre-renewal review, covering past results and the situation for the policy year to date, as well as summaries of the performance of individual Group Clubs ....