Russia has warned that from today ships travelling to Ukraine’s Black Sea ports will be considered potential military targets, as Kyiv said it would set up a temporary shipping route to continue grain exports following Moscow’s withdrawal from a deal that permitted…
After the Russian Government didn’t extend the Black Sea Grain Initiative, the deal expired yesterday. As a result, ship insurers are considering suspending coverage for any ships prepared to sail to Ukraine. The Black Sea Grain Initiative ensured a safe…
Dean Crossley Loss Prevention Manager at West P&I, reports that The Indian Directorate General of Shipping (DGS) has issued a new order, DGS Order No. 09 of 2023, reiterating the ban on using Thuraya, Iridium, and other similar satellites in…
Norway-based marine insurer and Group Club Gard has said that the recent unanimously-agreed International Maritime Organization (IMO) declaration of the ambition to reach net-zero GHG emissions from international shipping “close to 2050” would have implications for shippers because over the…
To the surprise of hardly anyone, Russia has announced the suspension of the Black Sea Grain initiative. Moscow released a statement hours before the agreement was due to expire. Had there been any doubt about its ending, that was dispelled…
An IMO draft seen by Bloomberg but not yet finalized would see a non-binding target of net zero emissions by 2050 adopted by the IMO, bringing it nearer to alignment with the 2015 Paris agreement. The draft text seen by…
Standard & Poor’s has given Norwegian Hull Club a glowing report and has confirmed its ’A’ rating, with a stable outlook. In its latest report, issued on June 29th, S&P noted the Club’s “recent exceptional underwriting performance with improved conditions…
The Black sea Corridor agreement between Russia and Ukraine, brokered by the UN and Turkiye last July and renewed for shortening periods three times since, has effectively died, a slow rather than sudden death. Russia said on Friday June 30th…
Ahead of this week’s MEPC 80 (Marine Environment Protect Committee) meeting of the IMO, INTERCARGO Secretary General Kostas Gkonis has urged that mid-term measures to help the IMO’s decarbonization ambitions should be both simple and effective, in order to make…
The European Union (EU) has provided further details of its latest package of sanctions against Russia. Splash reported last week that ships caught carrying out ship-to-ship (STS) transfers of price cap-breaking Russian oil in European waters will be banned from…
