Environmental pressure group NGO Shipbreaking Platform has asked the EU to investigate incidents that resulted in the deaths of two workers at Turkish ship recycling yards, The yards are included in the EU List of approved ship recycling facilities. NGO said that on October 3rd last year a worker...
Insurance Marine News
Separating out trends from anomalies will be challenge for marine insurers this year
The impact of the Covid-19 pandemic on the marine insurance sector in 2020 will prove to be a challenge to measure because the anomalies in trade that arose as a result of Covid-19, but which will eventually “normalize” need to be separated from the changes that will prove to be part of a long-term...
Sedgwick launches marine TPA hub in Spain
Sedgwick has launched a third-party administration (TPA) marine hub based in Madrid, Spain, for marine market clients. Carlos Mantecas Alonso, Director of Marine & Cargo, Sedgwick Iberia, said that the selection of Madrid as the hub was a response to several factors that included Brexit, proven...
https://insurancemarinenews.com/insurance-marine-news/sedgwick-launches-marine-tpa-hub-in-spain/
China set to unload some stranded Australian coal
The months-long effective ban by China on the importing of Australian coal, which led to several vessels being stranded off the Chinese coast, looks set to be at least partially ameliorated, with China looking set to allow some stranded Australian coal shipments to unload, reported Bloomberg,...
South Korea plans world’s largest offshore wind farm
South Korea has unveiled a KRW48.5trn ($43.2bn) plan to build the world’s largest wind power plant, within a decade. The project is a major component of President Moon Jae-in’s Green New Deal, which was launched last year with the aim of reducing South Korea’s reliance on fossil fuels. The plant...
Japanese submarine collides with bulk carrier
A Japanese diesel-electric submarine – the Soryu – collided with bulk carrier Ocean Artemis (IMO 9534987) on Monday February 8th, The Japan Maritime Self Defence Force vessel, which was engaged in routine training at the time, collided with the Ocean Artemis off the coast of Shikoku as the former...
https://insurancemarinenews.com/insurance-marine-news/japanese-submarine-collides-with-bulk-carrier/
Swedish court dismisses case against filmmakers who investigated Estonia sinking
Two Swedish film makers who had been charged with disturbing the wreck of the ferry Estonia, which sank in the Baltic Sea in September 1994 with the loss of 852 lives, have had the cases against them dismissed. A Swedish court in Gothenburg rules on Monday February 8th that the vessel was not...
BP Marsh reports strong performances from marine insurance-related investments
UK-based, London-listed niche venture capital provider B P Marsh has said in a trading update that Lilley Plummer Risks Ltd had performed well since the Group’s investment in October 2019, with the business exceeding its plan in its first 15-month financial period to 31 December 2020. “Since Lilley...
Dangerous materials finally cleared from Beirut port
German firm Combi Lift, which was assigned by Lebanese authorities to clear dangerous materials at Beirut port, has completed its task, according to a Lebanese presidential statement on Monday February 8th. Some of the materials had been at the port since 2009. The contract was signed last November...
Ancient passenger ship repurposed as vaccination centre
An 89-year-old passenger ship, the 500-passenger MS Thurgau, which had been laid up due to Covid-19’s impact on the cruise ship industry, has been repurposed as a Covid-19 vaccination centre for thousands of residents from cities on Lake Constance, which borders Germany (where it is known as...