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...
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…
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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...
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 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...
Tysers noted that Gard this year issued its first integrated report and value creation model, based on the Value Reporting Foundation’s Integrated Reporting standards. This approach combines the sustainability report and directors’ report previously presented as two separate documents, which the...
https://insurancemarinenews.com/insurance-marine-news/tysers-2021-22-group-clubs-update-3-gard/
General cargo ship T-Moon (IMO 8917417) suffered engine failure in the Bosphorus early on October 5th near Yavuz Sultan Bridge while transiting the Strait in a northerly direction, en route from Tuzla, Turkey to Novorossiysk, Russia. A Traffic Control Centre tug responded, the ship exited Bosphorus...
https://insurancemarinenews.com/insurance-marine-news/marine-accident-round-up-6th-october-2022/
Two unions at South Africa’s state-owned ports and freight-rail company have threatened to begin a strike as soon as this week after rejecting the latest wage offer from Transnet SOC Ltd, The United National Transport Union served the employer with a 48-hour notice that its members planned to stop...
Two Matson Inc subsidiaries are to face claims from rival container shipping company American President Lines LLC that Matson has been abusing its market power over services from the US to Guam, a federal judge ruled in an antitrust lawsuit. Last Friday September 30th US District Judge Christopher...
The International Maritime Rescue Federation (IMRF) has launched #SARyouOK?, an initiative to promote awareness “and further break down the stigma that is attached to mental health and wellbeing issues for those working in the maritime search-and-rescue (SAR) sector”. The initiative was announced...