The UK has been fined €32m by the European Court of Justice (ECJ), for permitting pleasure boats in Northern Ireland to use lower-tax so-called red diesel fuel in the final days of its EU membership. Under EU law only commercial boats can use the lower-tax fuel, but the UK dyed all marine fuel red....
Alan Mackinnon, Chief Claims Officer at UK Club, has written an article on the implications of the coming into force of the Electronic Trade Documents Act (ETDA) in the UK last month. He wrote that it was “a potentially transformational moment in the development of electronic bills of lading”....
Cameron Livingstone, Claims Executive, Arendal, and Kristin Urdahl, Senior Loss Prevention Executive, Arendal, have updated Gard members and clients with an update on the Ballast Water Management (BWM) rules. A year from now, all vessels subject to the Ballast Water Management Convention must have...
The Panama Canal announced on Friday September 29th that it would from the beginning of November be cutting further the average daily number of transits through the canal from the current already limited levels. The drought is progressively lowering the canal’s reservoir levels, forcing the Panama...
Five more ships were named as being en route to Ukrainian Black Sea ports, while three vessels that had been there have left and are either travelling to or have arrived at Istanbul. “Five new vessels are waiting to be loaded in Ukrainian ports,” claimed Deputy Prime Minister Oleksandr Kubrakov...
One of eight men arrested by the Irish police following the seizure of almost 2.25 tonnes of cocaine on the Matthew off the coast of Cork has been released without charge. The cocaine was seized after an international operation to track and prevent the shipment. The Irish Army Ranger Wing captured...
https://insurancemarinenews.com/insurance-marine-news/man-is-released-after-cocaine-seizure-arrests/
Romania’s Chief of Defence Staff Daniel Petrescu has claimed that Russia was “actively and constantly” jamming the GPS communications of ships in Romanian territorial waters. He said that this could cause ships’ collisions, adding that Romania and NATO “must prepare for a long-term confrontation...
Renewable energy class underwriter Ben Sheppard is reported to have left Chaucer to join Beazley. The latter has been seeking to increase its presence in the renewable energy market, in which it has participated through backing third parties and MGAs. A fire broke out aboard cargo ship Rise Shine...
https://insurancemarinenews.com/insurance-marine-news/marine-round-up-2nd-october-2023/
The ongoing danger of cargo forwarders taking advantage of the differential pricing of shipping by mis declaring hazardous cargo as non-hazardous has led the World Shipping Council (WSC) to present a “digital solution” in the battle to contain fires that result from such misdeclarations. The WSC,...
Bermuda-based Shoreline, a provider of maritime risk solutions, has introduced its innovative new marine insuranceproduct – MARPOL Detention Costs Insurance (MDCI). Shoreline said that the new insurance policy had been designed specifically to address the gaps left in a shipowner’s P&I insurance...