Political Risk, Credit & Finance
The latest changes in political risk, credit, finance that effect the marine insurance market.
- Crystal Symphony ducks Florida and docks instead in Bahamas January 25, 2022Under threat of arrest if it docked in Miami, the Crystal Symphony (IMO 9066667), as had been predicted, diverted to The Bahamas – accompanied by 300 paying passengers. After Genting Hong .....
- Indonesia eases ban on coal exports January 25, 2022Britannia Club has reported that, following the total ban on coal exports imposed by Indonesia on December 31st because of concerns about domestic supplies, it appeared that the situation was .....
- EU renews its commitment to Gulf of Guinea anti-piracy patrols January 25, 2022The European Union has said that it intends to carry on with the deployment of its member states' warships in the Gulf of Guinea After a review of the Coordinated Maritime Presences .....
- Gard provides special extension of cover for communicable disease/coronavirus risks January 25, 2022Norway-based marine insurer and Group Club Gard has provided a special extension to fixed premium P&I Members and Small Craft customers for communicable ....
- Japan Club announces new disease exclusion clause January 25, 2022Reporting on its 609th Meeting of the Association’s Board of Directors on January 14th, the Club resolved to amend Rule 37 of the Rules of the Association and to introduce a new special ....
- NGO Shipbreaking Platform has Canada shipbreaking in its sights January 25, 2022NGO Shipbreaking Platform has joined local residents and K’ómoks First Nation (KFN) in calling on federal, provincial and regional Canadian authorities to make sure that the activities .....
- US court issues arrest warrant for Crystal Symphony January 24, 2022The provisional liquidation of Genting Hong Kong has resulted in a court in Florida ....
- BIMCO publishes Force Majeure Clause 2022 January 24, 2022Philip Stephenson, Regional Director at Standard Club, and Jamie Wallace, Legal Director at Standard, have commented on BIMCO's Force Majeure Clause 2022 .....
- China – Pilot programme opening up coastal carriage to vessels of foreign container lines January 24, 2022UK Club's correspondent Huatei Marine has reported on an announcement by the China's Ministry of Transport on December 13th 2021 regarding a pilot programme that would open up .....
- Yantian restricts container entry to ease overflow January 24, 2022The operators of Yantian terminal, the largest port facility in Shenzhen, have from ruled temporarily that full containers can only be trucked in four days before vessels are due to berth .....