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Financial Update and 2025 Renewal

We have issued London Circular L.447 and Europe Circular E.103 providing Members with information concerning the decisions, notably relating to renewal and capital distribution, made at the Board Meeting held on 22 October in Miami.

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Houthis boarded disabled Tutor; threatened Verbena

The Houthi leadership said on television late last week that its forces had boarded the now sunken Tutor (IMO 9942627), hastening its sinking, while making a similar threat to the abandoned bulker Verbena (IMO 9522075) still afloat and drifting in…

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Houthis claim attacks on Haifa Port

The Yemen-based Houthi militia claimed on Sunday that on Saturday June 22nd they had conducted a military operation – in conjunction with the Islamic Resistance in Iraq militants – that had targeted four ships in the northern Israel port of…

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EU adopts new Russian sanctions that include LNG

As anticipated the EU yesterday June 24th adopted a 14th package of sanctions against Russia that EU foreign ministers claimed would close some loopholes and would hit Russia’s gas exports for the first time. The truth of the matter, however,…

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Attack on containership MSC Sarah V is confirmed

The vessel reported by UKMTO on Monday as being attacked has been confirmed as containership MSC Sarah V (IMO 9181675) – attacked 246nm southeast of Nishtun, Yemen. The Captain of the vessel reported an explosion in the proximity of the…

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EU names sanctioned crude oil and oil product vessels

For the first time the EU is targeting specific vessels part of Russia’s dark fleet created to circumvent the oil price caps. In total the latest measures include designation of eleven crude oil carriers and five oil product tankers. The…

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