Venezuela is increasingly looking like a proxy for disputes between superpowers, as the country’s state-run PDVSA increased exports of crude and refined products in April by 8% to 1.06m bpd. The US-sanctioned company achieved this by boosting shipments to China, according to Refinitiv Eikon data,...
https://insurancemarinenews.com/insurance-marine-news/venezuela-fights-to-continue-exporting-oil/
The Lloyd’s syndicates have now published their results and, in some cases, added detail and an outlook for 2019. As last year, IMN is summarizing the results from all syndicates that have a marine interest which have provided some information on the marine side. Amtrust began by noting that 2017...
Royal Boskalis Westminster semisubmersible heavy load carrier Blue Marlin (IMO 9186338) was attacked and boarded by seven armed pirates from a zodiac rigid hulled inflatable boat at noon on May 5th in the Gulf of Guinea, south-west of Luba port, about 80nm off Equatorial Guinea. The ship had left...
Two days after barge Dattaram I from Vasco capsized alongside trans-shipment vessel Maria Laura I (IMO 8655813) off the Mormuago Port Trust and sank in a water depth of 15 metres, three miles off the MPT breakwater, the Indian Coast Guard said that it was maintaining a vigil. The MPT was fully...
https://insurancemarinenews.com/insurance-marine-news/marine-accident-round-up-9th-may-2019/
Two Greek shipping companies have been sentenced to pay a $4m fine and serve probations related to charges stemming from multiple illegal discharges of oil into Texas waters by oil tanker Nicos I.V. (IMO 9103843), Reuters reports. A judge in the Eastern District of Texas sentenced the two...
The US and EU have expressed deep concern at Turkey’s announced plans for offshore drilling operations in an area claimed by Cyprus as part of its exclusive economic zone. Turkish Foreign Minister Mevlut Cavusoglu said last week that Turkey was starting drilling in the region. The EU and US issued...
On May 2nd the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) published A Framework for OFAC Compliance Commitments. The intention is to provide relevant organizations with a framework on the essential components of the sanctions compliance programs. The US has spread its...
Cruise ship Freewinds (IMO 6810811) has returned to her home port in Netherlands territory Curacao, where she will remain in quarantine while the majority of those on board undergo tests for measles. The vessel was quarantined in St. Lucia for four days after a confirmed case of measles was...
https://insurancemarinenews.com/insurance-marine-news/freewinds-quarantine-continues-in-curacao/
Steamship Mutual has reminded Members with vessels trading in the southern Red Sea and Arabian Sea that the geographical limits of the High Risk Area (HRA) changed as of May 1st 2019. While the industry group of shipping and oil industry organisations responsible for setting the HRA* continued to...
https://insurancemarinenews.com/insurance-marine-news/red-sea-and-arabian-sea-new-hra-limits/
The Lloyd’s syndicates have now published their results and, in some cases, added detail and an outlook for 2019. As last year, IMN is summarizing the results from all syndicates that have a marine interest which have provided some information on the marine side. The managing agency of Arcus...