UK-based RightShip, which provides an online safety and environmental risk management system for the global maritime industry, has said that reported rates of seafarer abandonment are increasing. RightShip said that 9,925 seafarers had been abandoned over the past 20 years, including 1,682 who had...
Insurance Marine News
Greek Code of Private Maritime Law is modernized
Christos Aporellis, Senior Claims Executive at UK Club, has noted that from May 1st the Greek Code of Maritime Law 3816/1958 is being modernized, 65 years after it became law in 1958. The amendments touch on the regulation of a wider range of maritime activities, but there are a number which have...
Port of Los Angeles experiences 43% decline in container throughput
The Port of Los Angeles has reported handling 487,846 teus in February, down by 43% year on year – although it was noted that February 2022 was a monthly record. Nevertheless, the number for last month was still POLA’s worst February since 2009, when the port processed just 413,910 teus. POLA CEO...
Philippines investigates origins of sunken tanker
Maritime regulators in the Philippines were reported to be taking a closer look at the background of the tanker Princess Empress (MMSI 548372700), which sank off Oriental Mindoro on February 28th with a now-estimated 900,000 litres of fuel oil on board. The regulators were investigating whether the...
MOL extends move into cruise ship business
Japan-based Mitsui OSK Lines (MOL) has taken delivery on cruise ship Seabourn Odyssey (IMO 9417086), which it has bought from Carnival Corp, operator of the Seabourn brand. MOL reports that the purchase of the cruise ship was the start of an effort to expand the cruise business within the MOL...
https://insurancemarinenews.com/insurance-marine-news/mol-extends-move-into-cruise-ship-business/
Russia and Ukraine extend grain deal, but for how long?
The Black Sea Corridor agreement between Russia and Ukraine, brokered by Turkey and the UN last July and extended for 120 days in November 2022, has been extended again. But the period of the extension remains in doubt. Ukraine announced on Saturday March 18th, the day that the agreement was...
Skuld reports “successful renewal” in all product lines
At a board of directors’ meeting of Norway-based marine insurer and Group Club Skuld in London on March 16th, to review the outcome of the recent 2023/24 P&I renewals and the preliminary accounts for the financial year ending February 20th 2023, the directors noted a very successful renewal for...
Carriers appeal FMC ruling on who decides on chassis
Eleven ocean carriers have appealed against a ruling from US Federal Maritime Commission (FMC) chief judge Erin Wirth that container lines violated the US Shipping Act when they insisted what chassis must be used. The Ocean Carrier Equipment Management Association (OCEMA) filed an appeal against...
New guidelines from IG Salvage Committee
The International Group’s Salvage Committee has drafted new guidelines, jointly with the Joint Marine Claims Committee (JMCC), to help improve collaboration in the handling of shipping casualties. The protocol document seeks “to promote more effective communication between the parties involved that...
https://insurancemarinenews.com/insurance-marine-news/new-guidelines-from-ig-salvage-committee/
Two senior appointments at TT Club
International freight and logistics mutual insurer TT Club has announced two new appointments to senior positions as part of its planned succession programme. Kevin King has been promoted to the post of Deputy Chief Executive Officer. Meanwhile, Mark Argentieri has been named as successor to King...
https://insurancemarinenews.com/insurance-marine-news/two-senior-appointments-at-tt-club/