Shipowners’ Club Director of Underwriting Ian Edwards has noted that, when the Club’s Board met on October 31st 2022, it was observed that the Club was in a market leading underwriting position, but potentially faced some headwinds by virtue of…
Steamship Mutual has brought to the attention of Members a recent Safety Alert issued by the Dutch Safety Board to stop the use of, and to replace, a defective batch of the following pyrotechnics: PIROLEC Red Rocket Parachute Flare Type:…
Maersk is moving towards a single, unified brand that will see shipping lines including 152-year-old Hamburg Süd and SeaLand as well as newer acquired brands like Senator and LF Logistics discontinued and integrated into Maersk. “We believe that by integrating…
The International Maritime Organization (IMO) has announced that it will be revising guidelines from 2014 that apply to commercial ships, with the aim of reducing the level of underwater noise which, it said threatened the survival of some marine species.…
With the February 5th deadline looming for the setting of a price cap on oil products being exported from Russia via ships with any connection to the EU, the European Commission was reported to be considering a $100-a-barrel cap on…
The storms along the Pacific coast in Asia last week not only caused the loss of the Jin Tian (see above story) and the grounding of general cargo ship Xin Hai Zhou 2 (IMO 9507104) (IMN, January 26th) but also…
The death toll after the sinking of general cargo ship Jin Tian (IMO 9578713) in icy waters on January 25th has climbed by two to eight. The dead included six Chinese sailors, according to the Chinese consul general, who was…
Research finds revenue from Russian fossil fuels fell below pre-invasion levels for first time in October Nearly half of Russian seaborne crude shipments were carried in European-owned tankers in October in a sign of the potential upheaval in trade flows…
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,…
