Fears that the drop in passenger traffic had rendered several sea routes into the UK uneconomic for cargo carrying have led the UK government to sign agreements with six operators to provide up to £35m in support ensure enough freight capacity exists to maintain a smooth flow of goods. They will be...
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),...
The Joint Negotiating Group (JNG), representing employers and the International Transport Workers Federation (ITF) representing seafarers unions and their members, have welcomed the International Maritime Organisation (IMO) Circular Letter issued on May 5th to all IMO Member States, UN and specialized agencies, Inter-governmental and Non-governmental organizations in consultative status with IMO. The circular letter provides…
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https://insurancemarinenews.com/insurance-marine-news/itf-and-jng-joint-statement-on-crew-changes/
Walt Disney Co has suspended all new departures on its Disney Cruise Line until July 27th. The company said that guests currently booked on affected cruises would be offered either a credit to be used for a future sailing within 15 months of their original sail date, or a full refund. A “No Sail...
Container lines that are active in trades out of India have effectively extended waivers until mid-May for import cargo that has overstayed the normal free time generally given for storage. The Indian government had called for shippers to be excused detention penalties. There had been a sequence of...
The development of the Covid-19 epidemic in Brazil, governed at Federal level by mercurial populist Jair Bolsonaro, who is in conflict with many regional governors as to what is the best strategy to deal with the virus, has begun to impact Santos, the country’s busiest port. Brazilian port workers...
The Panama Canal Authority ACP has said that it has secured a steady draft for the upcoming period, ensuring an operational level of water and transit reliability for the second half of 2020. On February 15th the canal resorted to water-saving measures after 2019 was the fifth-driest year at the...
https://insurancemarinenews.com/insurance-marine-news/panama-canal-draft-now-steady/