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…
UNIDENTIFIED pirates have boarded a vessel ‘M TNyon’ attacked and robbed crew members during the most recent incident of piracy in West Africa. Yesterday’s incident, which reportedly left several crew members with minor injuries, came a day after the United…
Ukrainian officials will be keeping an eye on water levels along the Danube this summer as more grain exports look likely to be shifted along Europe’s longest river with Russia making shipments via the Black Sea near impossible. The head…
[ The London P&I Club: 2022/23 Financial Year Result & Overview ]
Hellenic shipowners will henceforth have to make sure the share of their vessels flying European flags does not decline. For every vessel that Greek shipowners put under one of the usual international registries based in the tropics, they will soon…
