Self-sanctioning by shippers, banks and insurers when it comes to Russian oil cargoes, as well as a recent announced toughening of the rules by the EU, has led the Biden administration in the US quietly to ask the EU and…
European Union foreign ministers will discuss ways to free millions of tonnes of grain stuck in Ukraine due to Russia’s Black Sea port blockade at a meeting in Luxembourg on Monday. Ukraine is one of the top wheat suppliers globally,…
A 650,000-barrel-cargo of Venezuela's oil chartered by Italy's Eni (ENI.MI) is about to set sail carrying the first export of crude from the U.S.-sanctioned country to Europe in two years, Refinitiv Eikon data showed on Friday. The U.S. State Department…
Some shipping sources are not convinced an EU insurance ban will prevent shipowners from seeking Russian barrels as alternative insurance providers from further afield remain an option, they said June 15. Tanker owners are also capitalizing on sky-high freight rates…
THE AMERICAN CLUB’S ANNUAL REPORT AND ACCOUNTS FOR 2021. CLOSING OF THE 2019 POLICY YEAR. LEVYING OF A SUPPPLEMENTARY CALL FOR THE 2020 POLICY YEAR. Annual Report and Accounts for 2021 Your Managers are pleased to attach the American Club’s…
The shipping markets have had to navigate even more turbulent waters so far in 2022, than in the past couple of years, of COVID and supply chain disruptions. In its latest weekly report, shipbroker Allied Shipbroking said that “despite having…
After careful consideration, Norwegian Hull Club has decided to cease its P&I business. First established in 2008, The Club has not succeeded in establishing a profitable P&I portfolio and as a result, it has concluded to terminate the product line…
The US government was thought to be encouraging agricultural and shipping companies, in a quiet and low-key fashion, to buy and carry more Russian fertilizer, reports Bloomberg, citing unnamed people familiar with the efforts. The US move was part of…
Iran's Ports and Maritime Organisation (PMO) said on Tuesday the Iranian-flagged Lana tanker ship seized in April by Greece is no longer impounded and its oil cargo will be returned to its owner, according to Iran's semi-official Mehr news agency…
Work is still needed on methodology and improving results as LNG and chemical carriers stand out as difficult sectors Ship charterers and operators representing more than 15% of bulk cargo transported by sea in 2021 have policies in alignment with…
