Motorboat Krym slammed into chemical oil products tanker Mekhanik Pogodin (IMO 9598397) which was moored near Naftohavan in Kherson, during the evening of September 16th. The causes of the accident were being investigated. The owner of the motorboat was reported to have been “in a state of...
https://insurancemarinenews.com/insurance-marine-news/marine-accident-round-up-24th-september-2018/
A cargo recovery agent was engaged in relation to three containers of seeds that had arrived wet. The cargo had a total value of US$145,000. An initial survey concluded that the wet damage was condensation caused due to the container vents being blocked, thereby preventing air circulation. A...
On the morning of September 11th 2017 commercial fishing vessel Langley Douglas developed a port list, capsized, and subsequently sank 60 miles east of Cape Charles, Virginia. A US Coast Guard helicopter rescued the five people on board. No injuries or pollution were reported. The Langley Douglas...
BIMCO has reminded its Members that the Brown Marmorated Stink Bug (BMSB) is an invasive pest native to Asia which poses a high biosecurity risk to Australia. They are more frequently found on goods arriving in Australia between September and April and at these times Australia introduces seasonal...
Storm Ali in the UK caused cruise ship Nautica (IMO 9200938) to detach from its moorings in Greenock, Scotland, and drift away from the dock on September 19th. At the time the majority of passengers were reported to be ashore. “Nautica encountered extremely strong winds which resulted in the...
https://insurancemarinenews.com/insurance-marine-news/marine-accident-round-up-21st-september-2018/
Although very large investments have been made in African ports, that investment has been focused on container terminals rather than bulk cargo terminals, warned Christian Fassino, deputy general manager at Cote d’Ivoire based Compagnie des Experts Maritimes (CEM), an Average Agent in West Africa that provides loss prevention and post-damage services. As container terminals are…
The post Investment in African ports loaded too far towards import facilities, says local agent appeared first on Insur...
Marine cargo remained the largest commercial marine line of business in 2017, with global cargo premium reaching $16.1bn, reported Sean Dalton as cargo committee chair of IUMI at the 2018 conference, held in Cape Town. Globally, the cargo line had been unprofitable for several years, with rising...
A decade has passed since the 2008 dry bulk freight rates began a long downturn which coincided with the Financial Crisis and culminated with a historic low in January 2016. And while many are encouraged by the rebound since then, a cursory look at the Baltic Dry Bulk Index (BDI) indicates how serious the collapse was and how modest and fragile the recovery is.
Not only has the dry bulk market not returned to pre-collapse levels, it’s struggling to maintain freight rates last seen in the...
http://blogs.platts.com/2018/04/20/dry-bulk-freight-downturn/