Cargo owners, insurers, sue Ever Given owner over navigation decision in Suez Canal

Cargo owners Adriaanse Import & Export, JDM Food Group, Rewe-Zentral, TFC Holland and their insurers, US-based AIG and Germany-based Allianz, are suing the ship’s owner, Japan-based Shoei Kisen Kaisha, in a London court over the six-day grounding of giant container ship Ever Given in the southern...

https://insurancemarinenews.com/insurance-marine-news/cargo-owners-insurers-sue-ever-given-owner-over-navigation-decision-in-suez-canal/

Food waste disposal in Chinese waters continues to generate fines

China-based correspondent Huatai Marine said that it had recently received enquiries from International group Clubs about administrative fines faced by their members for dumping food wastes in Chinese waters. Huatai Marine said that it had been requested to provide relevant regulations and...

https://insurancemarinenews.com/insurance-marine-news/food-waste-disposal-in-chinese-waters-continues-to-generate-fines/

Shipowners’ Club reports “modest underwriting surplus” for H1

Shipowners’ Club has reported a combined ratio of 96.2% for the first half of 2022, “in line with budget”. An underwriting gain of a $4.3m was the result of an 8% growth in earned income compared to same period last year and a 2% reduction in overall claims costs. Shipowners Club financial year...

https://insurancemarinenews.com/insurance-marine-news/shipowners-club-reports-modest-underwriting-surplus-for-h1/

Congestion a large part of the supply/demand puzzle, says analyst

The summer months of 2022 have seen a “slow-motion collapse” in freight rates for both Dry Bulk Carriers and Containerships, according to Using VesselsValue data, Vivek Srivastava, Senior Trade Flow Analyst at VesselsValue. For bulk carriers the Capesize 54-TCA Index fell from $38,169 per day on...

https://insurancemarinenews.com/insurance-marine-news/congestion-a-large-part-of-the-supply-demand-puzzle-says-analyst/

EU clarifies sanctions on certain Russian cargoes, including coal and fertilizers

On September 19th the EU further amended its FAQS on sanctions against Russia, and in so doing provided a little more clarity on the application of provisions relating to the carriage of certain cargoes from Russia, including coal and other solid fossil fuels, as well as certain types of...

https://insurancemarinenews.com/insurance-marine-news/eu-clarifies-sanctions-on-certain-russian-cargoes-including-coal-and-fertilizers/

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