Cargo owners, insurers, sue Ever Given owner over navigation decision in Suez Canal

Cargo owners Adriaanse Import & Export, JDM Food Group, Rewe-Zentral, TFC Holland and their insurers, US-based AIG and Germany-based Allianz, are suing the ship’s owner, Japan-based Shoei Kisen Kaisha, in a London court over the six-day grounding of giant container ship Ever Given in the southern...

https://insurancemarinenews.com/insurance-marine-news/cargo-owners-insurers-sue-ever-given-owner-over-navigation-decision-in-suez-canal/

Food waste disposal in Chinese waters continues to generate fines

China-based correspondent Huatai Marine said that it had recently received enquiries from International group Clubs about administrative fines faced by their members for dumping food wastes in Chinese waters. Huatai Marine said that it had been requested to provide relevant regulations and...

https://insurancemarinenews.com/insurance-marine-news/food-waste-disposal-in-chinese-waters-continues-to-generate-fines/

Congestion a large part of the supply/demand puzzle, says analyst

The summer months of 2022 have seen a “slow-motion collapse” in freight rates for both Dry Bulk Carriers and Containerships, according to Using VesselsValue data, Vivek Srivastava, Senior Trade Flow Analyst at VesselsValue. For bulk carriers the Capesize 54-TCA Index fell from $38,169 per day on...

https://insurancemarinenews.com/insurance-marine-news/congestion-a-large-part-of-the-supply-demand-puzzle-says-analyst/

EU clarifies sanctions on certain Russian cargoes, including coal and fertilizers

On September 19th the EU further amended its FAQS on sanctions against Russia, and in so doing provided a little more clarity on the application of provisions relating to the carriage of certain cargoes from Russia, including coal and other solid fossil fuels, as well as certain types of...

https://insurancemarinenews.com/insurance-marine-news/eu-clarifies-sanctions-on-certain-russian-cargoes-including-coal-and-fertilizers/

Further oil leak from OS 35 bulk carrier wreck off Gibraltar

Residual oil was found spilling from the wreck of bulk carrier OS 35 (IMO 9172399) on September 21st, leading Gibraltar authorities to close the port again for an unspecified period. This included stopping all bunkering operations. The OS 35 remained submerged on the seabed about half a mile from...

https://insurancemarinenews.com/insurance-marine-news/further-oil-leak-from-os-35-bulk-carrier-wreck-off-gibraltar/

ATSB says BBC Rhonetal managers did not properly implement safety procedures

The Australian Transport Safety Bureau (ATSB) has issued safety recommendations to the managers and parent company of cargo ship BBC Rhonetal (IMO 9614701) following an investigation into a fire in the hold of the vessel at Port Hedland, Western Australia. The ATSB concluded that the managers of...

https://insurancemarinenews.com/insurance-marine-news/atsb-says-bbc-rhonetal-managers-did-not-properly-implement-safety-procedures/

IUMI 2022: Russian forces could fall to defeat by November, says war analyst

The only two realistic scenarios for Russia in the current Russia-Ukraine conflict are a stalemate or a significant defeat, possibly within 10 weeks, according to Dr Dominick Donald, Senior Advisor Herminius UK-London. In his analysis of the current geopolitical situation in the region at this...

https://insurancemarinenews.com/insurance-marine-news/iumi-2022-russian-forces-could-fall-to-defeat-by-november-says-war-analyst/

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.