North puts numbers on cash saved through marine insurance initiatives

Although we often see items about initiatives from marine insurers and commentaries on how successful they have been, it’s rare for a marine insurer to be willing to put an estimated number on the amount saved. North P&I Club however has been willing to put figures on the estimated value of...

https://insurancemarinenews.com/insurance-marine-news/north-puts-numbers-on-cash-saved-through-marine-insurance-initiatives/

European firms win most leases in California offshore wind auction

The sale of offshore wind development rights off the coast of California generated $757.1m in high bids, mainly from European developers. Winners of the five leases were primarily divisions of European energy companies that have already started developing projects in the US offshore wind market. The winners included Norway’s Equinor ASA, Denmark’s Copenhagen Infrastructure Partners,…

The post European firms win most leases in California offshore wind auction appeared first on Insurance Marine...

https://insurancemarinenews.com/insurance-marine-news/european-firms-win-most-leases-in-california-offshore-wind-auction/

Gulf of Guinea pirates shifting to illegal oil bunkering?

A week after the UN Security Council (UNSC) noted the changing dynamics of piracy in Gulf of Guinea (GoG), a new report has explored the factors behind the shift. A Critical Maritime Routes Programme analysis, funded by EU and implemented by the Royal United Services Institute (RUSI), found that,...

https://insurancemarinenews.com/insurance-marine-news/gulf-of-guinea-pirates-shifting-to-illegal-oil-bunkering/

Container ship captain sacked for being drunk in charge

A captain in charge of a 8,273 gt container ship which he brought into a dock while under the influence of alcohol has been sacked and fined £600. Piotr Gruszecki, 65, was found to be drunk on duty in charge of BG Rotterdam when he pulled into Southampton dock, gate 20 on September 20th 2019….

The...

https://insurancemarinenews.com/insurance-marine-news/container-ship-captain-sacked-for-being-drunk-in-charge/

No solution yet to disagreement over Turkey insurance letter demand

The standoff between Turkey and western liability insurers over sanctions was no nearer a solution on Thursday December 8th, meaning that more barrels of crude oil were stuck, waiting to transit the Bosphorus or Dardanelles. The Turkish Transport Ministry said on Thursday that the large number of...

https://insurancemarinenews.com/insurance-marine-news/no-solution-yet-to-disagreement-over-turkey-insurance-letter-demand/

Pilot involved in Ever Forward’s Chesapeake Bay grounding is suspended

The operating license of the Ever Forward pilot who steered the container ship (IMO 9850551) into the muddy bottom of the Chesapeake Bay on March 13th this year has been suspended, the Maryland Department of Labour has said. The Department cited the pilot’s excessive use of his mobile phone at the...

https://insurancemarinenews.com/insurance-marine-news/pilot-involved-in-ever-forwards-chesapeake-bay-grounding-is-suspended/

Russia-linked superyacht will be sold – proceeds will go to Ukraine

In an unusual diplomatic move related to western sanctions against Russia, it has been reported that the 92.5-metre superyacht Royal Romance (IMO 1012268), valued at about $200m pre-sanctions and belonging to Ukrainian-born, pro-Kremlin businessman and political leader, Viktor Medvedchuk will be transferred to the Ukrainian government and sold at an auction overseen by Ukraine’s Asset…

The post Russia-linked superyacht will be sold – proceeds will go to Ukraine appeared first on Insurance Marine...

https://insurancemarinenews.com/insurance-marine-news/russia-linked-superyacht-will-be-sold-proceeds-will-go-to-ukraine/

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