Global misallocations of containers, slower ship processing times because of Covid-19 restrictions, increased demands for imports of consumer goods from Asia to Western Europe and the US, and a six-day blockage of the Suez Canal, have all been factors in ongoing disruptions to global trade. Reiner...
Bulk carrier Bulk Freedom, which on April 4th rescued 14 Cubans from a small boat some 50nm off Grand Cayman, has now found that the rescued refugees/migrants do not want to disembark in Grand Cayman, because that was where they had started from. The 52,454 dwt Bulk Freedom, registered in Panama,...
Iran has released South Korea-flagged chemical tanker Hankuk Chemi (IMO 9232369) and its captain, three months after the vessel was detained because of alleged pollution violations (IMN January 6th). South Korea said that the vessel was released after the country promised to try to secure the...
The US National Transportation Safety Board (NTSB) has said that a lack of procedural compliance and complacency had been key factors in several marine accidents where the investigations have concluded this year. The agency said that the probable cause of the flooding of the towing vessel Alton St...
BIMCO’s Nina Stuhrmann in Copenhagen, Denmark has written a piece on who might end up footing the bills for the widespread delays caused by the six-day blockage of the Suez Canal from march 23rd to March 29th. Independent shipowner association BIMCO noted that, although the containership Ever Given...
https://insurancemarinenews.com/insurance-marine-news/ever-given-suez-delays-who-pays/
Bouchard Transportation Co Inc. and three former and current management officials have paid $375,000 in restitution to a seaman whose brother was one of two seamen killed in the October 20th 2017 Buster Bouchard/B No 255 explosion off Port Aransas, Texas, reports The US Department of Labour The...
Reinsurers are likely to be on the hook for most of the insured losses accumulated as a result of the grounding of the Ever Given in the Suez Canal on March 23rd, which led to the channel being closed for six days. More than 400 vessels were affected by the canal’s temporary closure, with some…
The...
Container ship Baltic Tern (IMO 9313199) lost a reported five containers overboard after being caught in rough weather during the morning of April 7th while the vessel was about 15 nm north of Ameland island, West Frisian Islands, Netherlands. The ship reduced speed after the loss and proceeded in...
https://insurancemarinenews.com/insurance-marine-news/containers-lost-overboard-in-north-sea/
The Suez Canal Authority has said that it and Egypt were negotiating with Shoei Kisen, the owners of ULCV Ever Given (IMO 9811000), and hoped that a financial settlement with the company could be reached without the need for legal action. “We are discussing with them a peaceful resolution to the...
Maersk’s brand-new product tanker Rich Rainbow (IMO 9800659) collided with bulk carrier Ivy Alliance (IMO 9473834) in Manila Bay, 3nm north of Cavite City, metropolitan Manila, at 21:50 local time on Wednesday April 7th in the Manila anchorage area. The Rich Rainbow was reported to have been...