Pundits say a modest increase seems likely after a year of zero claims on the $3.1bn arrangement Shipowners seem likely to be faced with a modest increase in their contributions to the International Group of P&I Clubs excess of loss…
The Black Sea grain Initiative, that was set to expire this Saturday, is extended for 120 days. "I welcome the agreement by all parties to continue the Black Sea grain initiative to facilitate the safe navigation of export of grain,…
The international case involving oil carrier Heroic Idun (IMO 9858058) shows no sign of calming down, with Equatorial Guinea and Nigeria standing by their line that the crew were effectively pirates and the West African states were doing no more…
Oil products tanker Pacific Zircon (IMO 9539573) was struck by a bomb-carrying drone off the coast of Oman late on Tuesday November 15th local time, amid heightened tension with Iran. The tanker is associated with Israeli businessman Idan Ofer. Commander…
Iran confirmed yesterday the release of two Greek tankers that it seized in May, while at the same time Athens has let a detained Iranian-flagged tanker leave its waters. The Greek shipping ministry confirmed the vessels Prudent Warrior and Delta…
Indian refiners are wary of buying Russia crude oil loading after Dec. 5 when European Union sanctions take effect, pending clarity on the proposed G7 price cap mechanism, according to sources familiar with the refiners' crude purchase plans. Chinese refiners…
Standard Club has published a summary on the case of The Eternal Bliss. The Court of Appeal has overturned the previous Commercial Court judgment, concluding that demurrage ‘liquidates the whole of the damages arising from a charterer’s breach of charter…
Russian authorities have banned vessels loaded outside of Russia and Russian-occupied territories from crossing the Kerch Strait from the Black Sea into the Azov Sea. The ban of foreign vessels comes a month after the bombing of the Kerch Strait…
Oil-laden tankers risk being left languishing at sea if insurers do not urgently get clarity on an unfinished G7 and European Union plan to cap the price of Russian crude, two senior industry executives told Reuters. The Group of Seven…
Times are difficult but no need for despair, was the message from Tore Forsmo, Area Manager, Team Norway at The Swedish Club and Vice Chair IUMI, speaking at the Marine Insurance Nordics conference held in Oslo this week. Tore Forsmo,…
