The incoming 0.50% sulphur cap on January 1st 2020 has the potential to present a perfect storm for litigators dealing with disputes between owners, charterers and bunker suppliers in cases of non-compliance, Beth Bradley, a partner at international maritime law firm Hill Dickinson, has warned....
One of the most radical changes to the process of ship management, based on condition rather than time or distance travelled, is being researched by NYK Group. It said that it had reached joint research agreements aimed at developing advanced condition-based maintenance (CBM) management processes...
Maritime technology and risk prevention organization Prevention at Sea has put together a committee of 15 maritime safety experts to evaluate its Human Element Maritime Enhancement Tool. An inaugural two-day committee meeting, named HELMET-com, met last month in Larnaca, Cyprus. Chaired by Captain Nikiteas, the committee explored how a human-centred risk assessment methodology could improve…
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In the second annual statistics report from the International Union of Marine Insurance (IUMI), the Facts & Figures Committee said that this year there had been a modest single percentage point rise in global marine premiums across all sectors. There was continuing uncertainty in national policies,...
Tramp ships have been struggling to obtain the fuels they need to test them in time for the January 1st 2020 0.50% sulphur cap implementation, reports Reuters. They could be forced temporarily to halt trading, said Dimitrios Fafalios, chairman of the International Association of Dry Cargo...
https://insurancemarinenews.com/insurance-marine-news/tramps-struggling-to-obtain-low-sulphur-fuels/
Underlying vessel operating cost inflation accelerated moderately in 2019 as a result higher insurance costs and more spending on repair & maintenance, according to the latest Ship Operating Costs Annual Review and Forecast 2019/20 report from UK-headquartered shipping consultancy Drewry. Cost...
A fire broke out aboard Russian ferry Sprinter (238 gt, built 1991) early on November 24th while she was moored close to the shipyard at the port of Astrakhan. Local firefighters and a Russian diving support vessel quickly arrived on the scene, but the fire had already spread from the Sprinter to...
https://insurancemarinenews.com/insurance-marine-news/marine-accident-round-up-4th-december-2019/
The US National Transportation Safety Board (NTSB) has said that the October 9th 2018 capsizing of a 39 year old towboat at mile 142 on the Lower Mississippi River near Reserve, Louisiana, was probably a result of the company’s lack of effective hull inspection and maintenance programme. This...
Standard Club has noted that, with less than a month to go for the impending IMO 2020 global sulphur cap, the club has started witnessing dispute cases relating to the measurement of sulphur content in the fuel, said Akshat Arora, Senior Surveyor. Arora noted that, under MARPOL Annex VI (the...
Each club has a different way of presenting itself, but a review of their marketing material shows that they all position themselves in a similar way: strong finances, exceptional service, a first class membership and a strong commitment to mutuality said John Trew, Marsh Special Advisor, in Marsh...