North P&I Club has released a briefing paper exploring the insurance implications when solid cargoes behave like fluids and presenting typical responses to claims arising from cases of liquefaction. The paper, entitled A Most Dangerous Trade: The Problems of Liquefaction provides insight into the...
https://insurancemarinenews.com/insurance-marine-news/north-releases-briefing-paper-on-liquefaction/
Sunken tour boat Kazu I was reported to have fallen back to the seabed at a depth of 182 metres during the morning of May 24th while the Nippon Salvage Co vessel Kaishin was attempting to tow it to shallow waters. The tide in the area was strong and the boat apparently slipped out of…
The post Sunken...
Relations between Greece and Iran could run into problems as a result of a sanctions-related shipping case in Greek waters that involved the US, Russia and Iran. Greek police said this week that they would be sending Iranian oil from seized Russian-flagged tanker Pegas (IMO 9256860) to the US at...
Milad Emam and Jason P Minkin of US legal firm Bates Carey have noted that a decision by the US Ninth Circuit has reversed cases that enforced maritime statute’s time bar. (Martz v. Horazdovsky, No. 20-35985, 2022 WL 1464717 (9th Cir. May 10, 2022).) The 1851 Limitation of Liability Act allows...
The Lloyd’s syndicates have now published their results for 2021 and, in some cases, added detail and an outlook for 2022. Some have stuck to the bare bones. As last year, IMN is summarizing the results from all syndicates that have a marine interest, which have provided some information on the...
https://insurancemarinenews.com/insurance-marine-news/syndicate-results-2021-26-wr-berkley-1967/
Risto Räty has been appointed new Director, Commercial Marine for Alandia. Alandia is an insurance company with focus on Marine, Cargo and Pleasure Boat insurance. Headquartered in Finland’s Aland islands at the entrance to the Baltic Sea, and with offices in Helsinki, Stockholm and Gothenburg,...
The Port of Long Beach is to collaborate with Amazon’s cloud computing subsidiary, Amazon Web Services Inc (AWS), on what the Port described as a “cutting-edge new digital infrastructure project”, which will aim to track cargo from origin to destination in real-time. The Supply Chain Information...
The Port of London Authority (PLA) was hit by a cyberattack during the night of May 23rd, which knocked its website offline. The attack, thought to have been carried out by the Altahrea Team hacking gang, appeared to be politically rather than financially motivated, according to security...
https://insurancemarinenews.com/insurance-marine-news/pola-hit-by-cyberattack/
The future of German shipyard MV Werften suffered a further setback this week after the insolvency administrator reported that the proposed sale of the incomplete Global Dream cruise ship had fallen through at the end of last week. The administrators were now reworking the plans for the Wismar...
https://insurancemarinenews.com/insurance-marine-news/sale-of-global-dream-to-stena-falls-through/
An incorrectly installed section of main engine fuel oil return tubing led to an engine room fire aboard US-flagged, 2005-built, 82,794 gt containership President Eisenhower (IMO 9295220) off the coast of Santa Barbara, California, according to an investigation by the US National Transportation Safety Board (NTSB), released on May 24th. The fire on the vessel…
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