China’s PetroChina has been waiting to unload a cargo of US crude at Nigeria’s giant new Dangote refinery for nearly a month due to payment issues, reports Reuters, citing four trading sources and shipping data. Nigeria has had severe dollar illiquidity for some time. The country’s foreign exchange...
The US military has started constructing a maritime pier that will allow humanitarian aid into Gaza, the Pentagon said on Friday April 26th, with the jetty set to become operational by early May, although it was reported that no US troops would be “on the ground” when the pier was completed. Other...
Crude oil tanker Andromeda Star (IMO 9402471), which collided with another vessel in Denmark’s straits on March 2nd while en route to the Russian Baltic port of Primorsk to load Urals crude (IMN, March 22nd), produced a set of insurance documents that were not valid, reports Bloomberg. The tanker,...
Shipments of aid to Gaza from Cyprus resumed late on Friday April 26th,reported Reuters, citing a Cypriot source and a UAE official. A small cargo vessel carrying food left Larnaca late Friday evening. The World Central Kitchen NGO had paused aid to review its activity in the territory after a...
https://insurancemarinenews.com/insurance-marine-news/gaza-aid-from-cyprus-resumes/
The US issued further sanctions on Iran on Thursday April 25th, targeting Iranian drones, including their use by Russia in the war in Ukraine. The US Treasury Department said that the action had been taken in coordination with the UK and Canada, with more than a dozen entities, individuals and...
https://insurancemarinenews.com/insurance-marine-news/more-us-sanctions-on-iran-drones-targeted/
Hidden storage locations near main terminals to reduce the risk of detection, plus collaboration from some, possibly planted, personnel, were two trends in the smuggling of drugs from Colombia to Europe and other international locations, according to a report from West of England Club’s...
The ongoing increase in focus on the variety of alternative fuels as part of the industry’s accelerating attempts to reach Net Zero before the first half of the century is over, is reflected in the just published International Association of Classification Societies (IACS) 2023 Annual Review (link...
Russia’s state-owned Russian National Reinsurance Company (RNRC) has given financial backing to three Russian insurers, reports Reuters, citing two unnamed sources. This will enable the insurers to get Indian approval to provide marine insurance cover to tankers. Sogaz Insurance, Alfastrakhovanie, and VSK Insurance have joined Ingosstrakh as insurers approved by India for providing marine insurance…
The post Russian reinsurer backs three domestic primary insurers appeared first on Insurance...
Logistics and transport insurer mutual TT Club (TT) collaborated with its members, partners and service providers to compile a toolkit to help its insureds meet the complex demands developing ESG (Environment, Social, Governance) policies present. It provides signposts to strategies and solutions to challenges such as emissions calculation, reduction and reporting. TT CEO Charles Fenton…
The post Toolkit from TT Club on how to meet ‘complex’ demands of ESG appeared first on Insurance Marine News.
The Australian Maritime Safety Authority (AMSA) has released its Inspections Annual Report, highlighting a significant increase in maritime safety regulatory activity. The Inspections Annual Report covers AMSA’s inspection activities on domestic commercial vessels (DCVs) such as fishing boats and ferries, as well as regulated Australian vessels and foreign-flagged shipping vessels under Port State Control (PSC).…
The post Australia’s AMSA reports increase in detentions in 2023 appeared first on