Political Risk, Credit & Finance Archives

German and French NGOs question safety of livestock carriers

16 April 2024

Germany-based NGO Animal Welfare Foundation and French environmental organization Robin des Bois have questioned the safety of livestock carriers in a just-published report on the safety risks associated with livestock carriers trading from the European Union. This organizations produced a similar snapshot three years ago. The average EU-approved livestock carrier is now older (43 years…

The post German and French NGOs question safety of livestock carriers appeared first on Insurance Marine News.

https://insurancemarinenews.com/insurance-marine-news/german-and-french-ngos-question-safety-of-livestock-carriers/

Ship recycling at lowest level in 20 years, says BIMCO

16 April 2024

Ship recycling has dropped over the past two years to the lowest level in 20 years, according to independent shipowners’ association BIMCO, caused by a series of demand shocks. “A combination of strong demand following a series of market shocks and low orderbooks have kept older ships operating for...

https://insurancemarinenews.com/insurance-marine-news/ship-recycling-at-lowest-level-in-20-years-says-bimco/

Somalis release Abdullah and its crew

16 April 2024

The hijacked Bangladeshi bulk carrier Abdullah (IMO 9745598), along with its crew of 23, was released by Somali pirates early on Sunday April 14th. Two of the pirates said that a $5m ransom had been paid. “The money was brought to us two nights ago as usual… we checked whether the money was fake or…

https://insurancemarinenews.com/insurance-marine-news/somalis-release-abdullah-and-its-crew/

Russian crude and refined oil products trapped on tankers: report

15 April 2024

Russian crude oil and refined oil products have become trapped at sea on four tankers after the US sancioned the vessels with fresh Iran-related sanctions, reported Reuters, citing LSEG data shown on Friday. On April 4th the US imposed new Iran-related sanctions against a shipping firm Oceanlink...

https://insurancemarinenews.com/insurance-marine-news/russian-crude-and-refined-oil-products-trapped-on-tankers-report/

Depression and anxiety increasingly hitting Ukrainian seafarers

15 April 2024

Seafarer charity Stella Maris. the official maritime charity of the Roman Catholic Church, has warned that Ukrainian seafarers were experiencing increased levels of loneliness and depression, and that there were fears of conscription if they returned home. Stella Maris regional port chaplains in...

https://insurancemarinenews.com/insurance-marine-news/depression-and-anxiety-increasingly-hitting-ukrainian-seafarers/

Haitian gangs rob cargo ship of food

15 April 2024

Members of the Haitian gangs 5 Seconds and Taliban (possibly named after, but with no llnk to the Afghan Taliban) recently captured freighter Magalie (IMO 7413892) at Port-Au-Prince’s Varreux terminal district, according to local media, stealing a sixth of the vessel’s cargo of rice, which is...

https://insurancemarinenews.com/insurance-marine-news/haitian-gangs-rob-cargo-ship-of-food/

MSC container ship seized by Iran as Middle East situation escalates

15 April 2024

Iran’s Revolutionary Guards seized container ship MSC Aries (IMO 9857169) on Saturday April 13th in the Strait of Hormuz, days after the country’s government warned that it could close strait. The vessel was boarded by Iranian special forces about 50 miles off the coast of the United Arab Emirates,...

https://insurancemarinenews.com/insurance-marine-news/msc-container-ship-seized-by-iran-as-middle-east-situation-escalates/

France to allow private security on shipping fleet says PM Ayrault

12 April 2024

France will allow private security forces to protect its shipping fleet against piracy, prime minister Jean-Marc Ayrault has said, noting that the move would put the French shipping fleet on a better footing with European competitors already allowed to use private security. “We will allow recourse...

https://insurancemarinenews.com/insurance-marine-news/france-to-allow-private-security-on-shipping-fleet-says-pm-ayrault/

California legislators ask State Governor to postpone marine retrofitting rule

12 April 2024

Republican California Representative Michelle Steel has led a group of legislators in a letter to California Governor Gavin Newsom asking him to postpone the enforcement of a new marine vessel retrofitting rule. The letter was co-signed by Representatives John Duarte, Ken Calvert, Jay Obernolte,...

https://insurancemarinenews.com/insurance-marine-news/california-legislators-ask-state-governor-to-postpone-marine-retrofitting-rule/

Is AIS data manipulation any use in avoiding Houthi attacks?

12 April 2024

Finding ways to mitigate the risks facing ships passing through the Red Sea is complicated by the dynamic and unpredictable nature of Houthi attacks, writes Gabriel Fuentes, Assistant Professor in Shipping Economics and Analytics at NHH Norwegian School of Economics. One strategy adopted by vessels...

https://insurancemarinenews.com/insurance-marine-news/is-ais-data-manipulation-any-use-in-avoiding-houthi-attacks/

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