The military coalition engaged in Yemen in support of the government and against Iran-aligned Houthi rebels has said that it thwarted an “imminent” Houthi attack that would have used an explosives-laden boat south of the Red Sea, according to Saudi Arabian state media reports. The coalition...
Insurance Marine News
Sanctioned North Korean freighter sinks off Japan
North Korean freighter Chong Bong (IMO 8909575) went down in the Sea of Japan, a day after the crew reported flooding and made a distress call to Japanese search and rescue authorities (IMN, May 24th). The distress call went out at about 11:00 local time on Friday May 21st, reporting sustained...
Syndicate Results 2020 #35 Syndicate 1955 Arch (formerly Barbican)
The Lloyd’s syndicates have now published their results and, in some cases, added detail and an outlook for 2021. As in the past three years, IMN is summarizing the results from all syndicates that have a marine interest which have provided some information on the marine side. Active Underwriter –...
Covid-hit boxship heads to South Korea
Container ship Singapore Bridge (IMO 9224348), which has some seafarers on board who have tested positive for Covid-19, was heading for South Korea to expedite a crew change. The Sinokor-owned vessel had been en route from Malaysia’s Port Klang to China’s Shenzhen but was diverted to the nearest...
https://insurancemarinenews.com/insurance-marine-news/covid-hit-boxship-heads-to-south-korea/
Ever Given can leave if a $200m deposit is paid, says SCA
The Suez Canal Authority has said that it will release ultra-large container ship Ever Given (IMO 9811000) from Great Bitter Lake on the canal if a $200m deposit is paid. It is normally the case when an accident occurs and liability is disputed that a deposit is made and the vessel is released,...
Swire Shipping to introduce new direct service connecting Singapore and NW Australia
Singapore-based Swire Shipping is to operate a new North West Australia direct service (NWD) from June this year, offering customers a direct connection between Singapore and North West Australia. The new service is made up of two loops: the first loop will serve Singapore, Darwin, Port Hedland and...
Shipping likely to miss 2050 Net Zero Emissions target, says IEA
The maritime shipping industry is likely to fail in its target of achieving net zero greenhouse gas emissions (NZE) by 2050, the International Energy Agency (IEA) has said in a report. The IEA said that there was a lack of available low-carbon options on the market, and that the long lifetime of...
War breach area changes from LMA’s Joint War Committee
The War Breach areas of the London Market Association (LMA) have been amended, effective from 00:00 hours GMT on June 1st 2021. Additional Premium Areas Benin Cabo Delgado, waters as defined below Eritrea, but only South of 15º N Gulf of Guinea, waters as defined below Libya Nigeria Somalia Togo...
Syndicate Results 2020 #34 Syndicate 1200 Argo
The Lloyd’s syndicates have now published their results and, in some cases, added detail and an outlook for 2021. As in the past three years, IMN is summarizing the results from all syndicates that have a marine interest which have provided some information on the marine side. Syndicate 1200...
https://insurancemarinenews.com/insurance-marine-news/syndicate-results-2020-34-syndicate-1200-argo/
Cruise ship holidays return to the UK after 14 months
Cruise ship holidays returned to the UK last week after a 14-month pause when MSC Cruises became the first large cruise line to restore operations in the UK. MSC’s newest and largest cruise ship, the 181,541 gt MSC Virtuosa (IMO 9803625), has begun modestly, leaving Southampton for a four-night...