Port Canaveral Reports Record Breaking Year And Historic Highs In Operating Businesses

Port Canaveral Reports Record Breaking Year

Port surpasses $103M in total revenues, reaching historic milestones for cargo tonnage and cruise ship passengers in FY ‘18. Port Canaveral announced record-breaking results from all operations and new high-water marks for the Port’s major business lines of cruise and cargo.

In year-end financials provided to the Canaveral Port Authority Board of Commissioners at its regular monthly meeting on Wednesday, Port CEO John Murray and Chief Financial Officer Mike Poole reported that the Port earned...

https://www.marineinsight.com/shipping-news/port-canaveral-reports-record-breaking-year-and-historic-highs-in-operating-businesses/

Hijackings at record low, but danger persists in Gulf of Guinea

There were a total of 156 incidents of piracy and armed robbery against ships reported to the ICC International Maritime Bureau’s (IMB) Piracy Reporting Centre (PRC) in the first nine months of 2018  up from 121 for the same period in 2017, but only four vessels were hi-jacked – a record low. In...

https://insurancemarinenews.com/insurance-marine-news/hijackings-at-record-low-but-danger-persists-in-gulf-of-guinea/

Stalling hurricanes bring danger of port accumulation, says Russell Group

“Stalling” Hurricanes such as Florence test the strengths of US ports, which will face greater damage from future hurricanes, according to Russell Group in a paper on “Florence, Harvey and Connected Risk”, published in October. Russell Group said that if hurricanes stalled or moved very slowly, as...

https://insurancemarinenews.com/insurance-marine-news/stalling-hurricanes-bring-danger-of-port-accumulation-says-russell-group/

Philippines Coast Guard warns of Abu Sayyaf kidnapping plans

ReCAAP ISC said October 30th that it had received information from the Philippine Focal Point (Philippine Coast Guard) that a group of approximately 10 ASG (Abu Sayyaf Group) members armed with pistol, rifles and a grenade launcher were planning to conduct kidnapping activities in Sabah, primarily...

https://insurancemarinenews.com/insurance-marine-news/philippines-coast-guard-warns-of-abu-sayyaf-kidnapping-plans/

Cargo shipping in Russia’s NSR increased five times in five years

Cargo shipping in Russia’s Northern Sea Route has increased about five times since 2013, Aleksandr Kalashnikov, the department head at the Northern Sea Route Administration, reported.

In fact, a total of 13 million tons of cargo has been transported through the route until October 1. This is a major increase compared to the just 3 million tons that were shipped in 2013. In addition, the full year figure is expected to reach as much as 17 million tons.

More and more ships are choosing the Northern...

https://safety4sea.com/cargo-shipping-in-russias-nsr-increased-five-times-in-five-years/

Lloyd’s confirms fac and xol treaty reinsurance from Brussels

Lloyd’s has confirmed that it will be able to write facultative reinsurance and non-proportional excess of loss treaty reinsurance on Lloyd’s Brussels paper from January 1st 2019, the main treaty renewal date in Europe, across all markets in the EEA. Lloyd’s also said that, should the UK not secure...

https://insurancemarinenews.com/insurance-marine-news/lloyds-confirms-fac-and-xol-treaty-reinsurance-from-brussels/

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