The road bridge across the Kerch Strait between southern Russia and Crimea was badly damaged by an explosion early on the morning of October 8th. The rail bridge that runs parallel to it was also hit by fire, although the extent of structural damage was not known. Sea traffic between the Sea of...
Insurance Marine News
Singapore to switch to electronic bunker delivery notes in 2023
The Maritime and Port Authority of Singapore (MPA) has announced plans to start registering sales of bunker fuel electronically over the next two years. It said that this would improve efficiency and trade transparency and cut down on fraud. The MPA will switch to electronic bunker delivery notes...
Singapore-Caution for anchoring in the Eastern portion of the Singapore Strait
Japan Club has warned members that the Indonesian Navy or the Malaysian Maritime Enforcement Agency have been detaining vessels which were anchoring or drifting in the Eastern portion of the Singapore Strait. The Club noted that, when vessels were detained in the area, ordinary steps were interview...
German police see Nord Stream explosions as state-sponsored attack
Germany’s BKA federal police has said that it was working under the assumption that the explosions in the Nord Stream pipelines last week were “a targeted act of sabotage”. It said it was probable that state actors were involved. Weekly German-language publication Spiegel cited a letter to industry...
Offshore drilling workers in UK likely to strike
More than 300 UK offshore drilling and contract maintenance workers employed by Archer, Maersk, Transocean and Odfjell have backed strike action, UK trades union Unite has confirmed. The pay dispute involves workers covered by the United Kingdom Drilling Contractors Association (UKDCA). Industrial...
Misdelivery by the carrier after discharge and the Article III Rule 6 time bar: the ‘Alhani gap’ is filled
Simon Rainey KC. Quadrant, has written on the significant case of FIMBank plc v KCH Shipping Co Ltd [2022] EWHC 2400 (Comm) in which The Commercial Court (Sir William Blair) on September 28th handed down judgment in FIMBank p.l.c. v KCH Shipping Co., Ltd, an appeal under section 69 of the...
US MARAD updates security warning for the Red Sea, Persian Gulf, and Western Indian Ocean region
On August 30th the US Maritime Administration (MARAD) issued a revised advisory (2022-08) to US flagged commercial vessels operating in the Persian Gulf, Strait of Hormuz, Gulf of Oman, Arabian Sea, Gulf of Aden, Bab el-Mandeb Strait, Red Sea, and Western Indian Ocean. The advisory warned that regional conflict, heightened military activity, and increased political…
The post US MARAD updates security warning for the Red Sea, Persian Gulf, and Western Indian Ocean region appeared first on Insuranc...
US barge backlog increases on drought-hit Mississippi River
Commercial barge traffic on southern stretches of the Mississippi River cameto a halt earlier this week as low water levels halted shipments of grain, fertilizer and other commodities, according to shipping sources. Harvesting of corn and soybeans is currently reaching its peak in the areas that...
Tysers 2021-22 Group Clubs update – #4, Japan Club
Broker Tysers observed that 2021/22 was not a good year for Japan Club. In fact it went so far as to describe it as “terrible”. Covid claims rose significantly; there were two large claims in excess of the $10m retention, and the Naiko (coastal) class suffered its biggest-ever claim. Owned tonnage...
Lloyd’s “resets” online systems in face of “unusual activity”
Lloyd’s of London on Wednesday began investigating a possible cyber attack, the commercial insurance market said on Wednesday October 5th. Companies within the market have been on high alert for intrusions as a result of the conflict between Russia and Ukraine. “Lloyd’s has detected unusual...