The US Biden administration has waived sanctions on the company behind Russia’s Nord Stream 2 gas pipeline to Germany and its chief executive Matthias Warnig, according to a State Department report sent to Congress on Wednesday May 19th, reports Reuters. The report concluded that Nord Stream 2 AG...
UK Club has said that its financial position remained strong at the end of policy year 2020-21, with free reserves of $507m as at February 20th 2021, down from $559m 12 months earlier – a net decline of $42m. The Club said that the impact of the Covid-19 outbreak on passenger claims and a...
A new MGA from Clive Wasbourn, erstwhile marine chief at Beazley, is reported to have hired Emma Roadnight, cargo underwriter at Antares, and Henry Maughan, class underwriter marine cargo at Antares, both in their thirties. Washbourn launched the MGA through Fidelis’s Pine Walk platform with $100m...
At least 26 people from the sunken accommodations barge Papaa-305 (IMO 8784327) off Gujarat, western India, are dead, and 49 are still missing, the Indian Navy said on Wednesday May 19th. 186 survivors have been pulled from the water. Questions are beginning to be asked how the various...
https://insurancemarinenews.com/insurance-marine-news/at-least-26-dead-as-a-result-of-p305-sinking/
Grain exports from Argentina were halted this week after port workers launched a strike because of an alleged lack of Covid-19 vaccinations being available to union members. Port workers were “essential” to the economy, and entitled to be vaccinated, the union statement said, noting that four...
https://insurancemarinenews.com/insurance-marine-news/argentine-port-workers-extend-their-strike/
Denmark’s legislature has agreed to establish a task force that will look into the 1990 ferry fire on the Scandinavian Star that killed 159 people. This could lead to a new police investigation into what was one of Scandinavia’s worst peacetime maritime disasters. Justice Minister Nick Haekkerup...
Dream Cruises’ World Dream (IMO 9733117) and Royal Caribbean’s Quantum Of The Seas (IMO 9549463) will continue to offer their bluewater holidays to Singapore residents. However the ships will sail at 25% capacity, with bookings limited to two passengers per cabin. These measures followed a May 14th...
The Marine Accident Investigation Branch (MAIB)’s report into the death of an Indonesian crew member of scallop dredger Olivia Jean (IMO 7907867) on June 28th 2019, 39 miles off the coast off Aberdeen has identified a number of factors in the man’s death. The MAIB said that the Olivia Jean’s...
Following a meeting of the Gard Board of Directors on May 12th, Gard has announced its results for the year ending February 20th 2021. Reporting at a group level, the key financial results were: A profit after tax of $68m on an Estimated Total Call (ETC) basis. Combined ratio net of 104% on ETC...
Cyclone Tauktae cast four oil and gas vessels adrift off the coast of Mumbai, sent a tug aground off Karnataka and left multiple vessels in distress off Maharashtra and Gujarat (see yesterday’s IMN for vessel details). The Indian Coast Guard was engaged in a series of emergency response efforts...