According to information in IMO’s GISIS module on piracy and armed robbery, 150 incidents were reported to the Organization as having occurred or been attempted in 2023. In 2022, 131 incidents were reported, whereas the number was 172 incidents in…
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…
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…
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,…
In its report on the 621st Meeting of the Board of Directors Japan Club provided an outline of the financial results for the 2023 business year. The Club said that it had continued to focus on improving its equity capital…
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…
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…
The US on Thursday December 7th imposed sanctions on 13 individuals and entities, stating that they had funnelled tens of millions of dollars in foreign currency to Yemen’s Houthi group from the sale and shipment of Iranian commodities.
Re/insurer Brit is reported to be planning to pull out of the marine liability sector. Only last month it became known that Brit had withdrawn from the space market.
Trader’s wet freight boss sees geopolitical and demand issues as potentially clouding positive outlook.
