With the pandemic the dominant global issue for many months, Global Maritime Forum in its latest survey asked respondents how they saw Covid-19 affecting the likelihood of other issues. The strongest response related to the pandemic’s impact on a potential global economic crisis: 93% of respondents...
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SMIT completes probably the northernmost wreck removal project ever
Smit Salvage has completed the removal of wrecked fishing vessel Northguider (IMO 8714619), which ran aground in Svalbard in the high Arctic in late 2018. At a latitude of nearly 80 degrees, the ship was the subject of what Norwegian authorities said was likely to have been the northernmost wreck...
Golden Ray salvage back on track
Efforts to remove the wreck of capsized car carrier Golden Ray (IMO 9775816) from St. Simons Sound, Brunswick, Georgia are returning to schedule. On October 7th the Unified Command (UC) working on the salvage announced that cutting and lifting operations would be delayed for several weeks by the...
https://insurancemarinenews.com/insurance-marine-news/golden-ray-salvage-back-on-track/
Argentine Parana River at historically low level
Sebastian Trigub of correspondent Pandi Liquidaores SRL has informed Standard Club water levels in the Parana River are at “historically and critically low” levels. Trigub warned that the weather forecasts do not anticipate any relevant rainfall to improve the river height any time soon. Standard...
UK government signs up ferry companies for critical goods transport from January 2021
The UK government has signed agreements with four ferry operators to provide capacity – equivalent to over 3,000 lorries per week – to transport medical supplies and other critical goods come January 2021, when the transition post-Brexit period ends. The contracts are with Brittany Ferries, DFDS,...
Tysers 2020 Marine Liability Report – The Clubs: #13, West Of England
The West Of England Shipowners Mutual Insurance Association (Luxembourg) Self-managed Standard & Poor’s Rating – ‘A-‘ Gross Tonnage Owned 101,500,000 Chartered 40,000,000 Free reserves 2020 338,147,000 2019 306,373,000 2018 308,533,000 2017 306,512,000 2016 276,661,000 Tonnage By Vessel Type Bulkers 40% Tankers 29% Containers 18% Cargo/Reefers 10% Ferries/Passenger/Other 3% Tonnage By Area Europe 47% Asia 41%…
The post Tysers 2020 Marine Liability Report – The Clubs: #13, West Of England...
MSC Grandiosa passengers barred from disembarking in Malta
A suspected case of Covid-19 aboard cruise ship MSC Grandiosa (IMO 9803613) led to Malta refusing permission on Friday for passengers to disembark. Valletta Cruise Port CEO Stephen Xuereb said that the Maltese health authorities did not grant permission for passengers to visit land. The ship...
DNK to return $300m to members
The Norwegian Shipowners’ Mutual War Risks Insurance Association (Den Norske Krigsforsikring for Skib – DNK) said on Friday October 16th that it planned a $300m equity distribution to members. An Extraordinary General Meeting has been called for October 30th to approve the distribution, which would...
https://insurancemarinenews.com/insurance-marine-news/dnk-to-return-300m-to-members/
Hull-Zeebrugge ferry route might not come back after Covid-19
The future of the P&O Ferries crossing between Hull and Zeebrugge was said to be in doubt. The Hull to Zeebrugge crossing had been a difficult route financially for several years, although it remained profitable. Covid-19 made the route more difficult. Before the global pandemic, the...
West strengthens offshore team
West of England P&I Club has added to its offshore team with the appointment of Michael Stockwell as Offshore Underwriter. Stockwell joins West from his previous position as Director, Legal and Insurance, with Ardent Group. He has also worked at broker Marsh. Will Tobin, Head of Offshore at...
https://insurancemarinenews.com/insurance-marine-news/west-strengthens-offshore-team/