Charterers Club, part of MECO Group, has updated its members on how it has been reacting to the Covid-19 pandemic. It noted that the start to 2020 had given everyone some unique challenges to deal with. The Club said that it had been monitoring Covid-19 from early February. It closed its Shanghai...
https://insurancemarinenews.com/insurance-marine-news/charterers-club-coping-with-the-new-normal/
The US Coast Guard has issued a safety alert highlighting the importance of accurate Automatic Identification System (AIS) data entry and display. The alert followed a towboat collision on the Mississippi River. The investigation into that particular casualty was not yet complete, but the USCG said...
Steamship Mutual has noted that, while the most obvious and direct threat of Covid-19 was the risk of infection, while a ship is at sea, far away from land and sources of the virus, meaning that that risk of infection was low, the virus could nonetheless pose threats to health and wellbeing that...
The International Association of Classification Societies (IACS) has published its Recommendation on Cyber Resilience (No. 166). The recommendation consolidates IACS’s previous 12 Recommendations related to cyber resilience (Nos. 153 to 164). It also applies to the use of computer-based systems which provide control, alarm, monitoring, safety or internal communication functions which are subject to the…
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There are currently 117 of the industry’s largest crude carriers en route to ports in China, reports Bloomberg, the largest number of such vessels since at least the start of 2017, and quite possibly ever. That would add up to at least 230m barrels. China’s apparent oil demand rose by about 11% in...
https://insurancemarinenews.com/insurance-marine-news/chinese-oil-traders-snapping-up-bargain-crude/
The International Group has released a circular, published by all its Group Clubs, on common standard for vessel tracking. The rules and procedures developed by Clubs to manage sanctions risks take account of the guidance provided by the relevant regulatory bodies (e.g. UN Security Council (UNSCR),...
Britannia P&I Club has reported that total calls and premiums for 2019/20 were down marginally on the prior year. Lower claims incurred resulted in a “satisfactory” underwriting surplus of $29.3m and a net loss ratio of down 3.9 pp to 79.9%, from 83.8% in policy year 2018/19. The investment...
https://insurancemarinenews.com/insurance-marine-news/underwriting-surplus-of-29-3m-at-britannia/
Early statements from local police that only five people had suffered relatively minor injuriesafter tanker Jag Leela (IMO 9173654) exploded and caught fire (the exact order of events remaining uncertain) while she was undergoing maintenance at a shipyard in Indonesia on May 11th, have proved...
https://insurancemarinenews.com/insurance-marine-news/seven-dead-from-jag-leela-fire/
Bulk carrier Mars Harmony (IMO 9832432) ran aground at kilometre mark 387 on the Paraná river at the height of Arroyo Seco, south of Gran Rosario, during the morning of May 15th in the “Paraguayan pass”. The ship was proceeding downstream with a cargo of 23.282 tons maize and soy beans, en route...
https://insurancemarinenews.com/insurance-marine-news/marine-accident-round-up-18th-may-2020/
Islamic Republic of Iran Shipping Lines (IRISL) has confirmed that its container ship Shahraz (IMO 9349576) grounded in the waters north of Indonesia near Sambu Island, but it denied that there had been a collision with bulk carrier Samudra Sakti I (IMO 9238258). that also grounded in the area. “A...