UK listed re/insurer Beazley has reported a “welcome return to profitable growth” after its political and contingency division was hammered in 2020 because of pandemic-related event cancellation insurance. The company returned to profit, booking a gain of $369.2m, compared with a loss of $50.4m the...
While several of the Group Clubs have recently warned their members on the pitfalls of trying to turn a dry bulk ship into a container carrier – a corporate response to the sky-high container rates that have hit the market since Q3 2020 – none has yet made a public statement on what appears to…
The...
Oil products tanker Sao Jorge (IMO 9479644) ran aground early local time on February 8th in the strait between small Azores island Graciosa and islet Praia, shortly after the vessel left Praia da Graciosa port. It was understood to be more of a bottom contact than a grounding. The vessel was...
https://insurancemarinenews.com/insurance-marine-news/marine-accident-round-up-10th-february-2022/
Authorities in Sri Lanka have begun clearing the debris of the wreck of burned-out containership X-Press Pearl (IMO 9875343); they said they hoped that the clean-up would be completed within four months. Shanghai Salvage holds the wreck-removal contract. Shanghai Salvage Co has said that it has...
In one of the strangest luxury yacht conversions recorded, former semi-submersible heavy load carrier Super Servant 3 (IMO 8025331) has been converted to the private yacht OK at the Turkish Karmarine Shipyard. It is the work of designer Timur Bozca, winner of the award Young Designer of the Year...
https://insurancemarinenews.com/insurance-marine-news/heavy-load-carrier-converted-to-super-yacht/
Seafarer wellbeing has been an unintended “casualty of the pandemic,” the International Chamber of Shipping has said, noting that the shipping industry had seen a significant decline in labour standards reporting. ICS has released its annual Shipping Industry Flag State Performance Table, which...
During wood chip loading operations on wood chips carrier Maple (IMO 9811543) on January 2nd a Turkish bo’sun was squeezed between the deck and a shoreside mobile crane at the Keystone loading terminal in Jacksonville, Florida. A port emergency team immediately attended the scene and provided...
https://insurancemarinenews.com/insurance-marine-news/marine-accident-round-up-9th-february-2022/
Video footage has appeared on tanker Tresta Star (IMO 9869629), which ran aground on Thursday February 3rd on the French island of Réunion. The tanker grounded after losing power and drifting ashore during Tropical Cyclone Batsurai. The video footage shows strong winds and waves continuing to...
https://insurancemarinenews.com/insurance-marine-news/mauritian-tanker-runs-aground-on-reunion/
Trinity Spirit (IMO 7370325), an oil vessel used for storage that exploded off the coast of Nigeria last Wednesday February 2nd, had not been maintained for some time and had technical issues, two sources and an environmental group claimed on Friday February 4th. The fire on the vessel had been...
The chief officer of bulk carrier Ince Ege (IMO 9436733) fell into water from a pilot ladder while trying to read draft marks at the Russian port of Taman on the Black Sea. The incident occurred during the early morning of February 4th local time. He was recovered 45 minutes later, but had died of…
T...
https://insurancemarinenews.com/insurance-marine-news/marine-accident-round-up-7th-february-2022/