While much of the focus on the recovery for the Port of Baltimore and its impact on shipping and the economy focuses on the cargo operations. While Baltimore is the country’s largest RoRo port, it is a small cruise port, yet it is already having an impact on the cruise industry. For the past 15…
The...
Tanker Sakhalin Island (IMO 9249128), the seventh and final tanker carrying Sokol oil that had been named by the US, arrived at the port of Tianjin, China on March 27th and berthed at the Shihua Crude Oil Terminal, according to reports. It left again on March 29th, returning to Russia, reported...
Digital risk processing platform Cytora has partnered with global trade data company TradeAtlas enable marine insurers to leverage what was described as “a huge range of import and export information to make faster and more accurate risk decisions”. TradeAtlas collects and analyses data from 30m...
https://insurancemarinenews.com/insurance-marine-news/cytora-partners-with-tradeatlas/
The IMO Facilitation Committee (FAL) is meeting this week at the London headquarters for its 48th session (FAL 48) to discuss issues related to autonomous shipping; prevention of illegal wildlife trafficking on ships; digitalization initiatives and the implementation of the Maritime Single Window and Port Community Systems. FAL will continue discussions around regulating commercial vessels…
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Russian energy company Novatek looks to be scaling back its huge Arctic LNG 2 project after Western sanctions curbed its access to ice-class tankers. It will instead focus on developing its project at the ice-free port of Murmansk, reported Reuters, citing industry sources. Russia began focusing on...
Pirates were reported to have demanded $5m for the release of 23 Bangladeshi crew who were being held captive aboard the Bangladesh-flagged Abdullah (IMO 9745598), which was seized recently while en route from Mozambique to the UAE and subsequently taken to Somalia by the pirates. The vessel had no...
Restrictions on the draughts and throughput for the Panama Canal, in place since May last year, look set to ease further in coming weeks, with plenty of rain forecast as heading Panama’s way. Three weeks ago the ACP added three extra slots per day at its panamax locks, taking the total daily...
https://insurancemarinenews.com/insurance-marine-news/welcome-rains-in-panama-canal/
The US Transportation Department under Pete Buttigieg has reached an agreement with Baltimore County to revise an $8.26m grant agreement to enable Tradepoint Atlantic (TPA) to accommodate more cargo. The Department announced on Friday April 5th that repurposing the funds would allow a boost in...
The US Army Corps of Engineers (USACE) has announced a tentative timeline for the restoration of safe navigation in and out of the Port of Baltimore, with a target of full capacity by the end of May. Dive teams continued to undertake surveys of the Dali to support the planning for the recovery of...
The US has blacklisted two more oil tankers and four more shipping companies for alleged links to the Iranian Revolutionary Guard Corps (IRGC) and the Yemen-based Houthi movement. The US Office of Foreign Assets Control (OFAC) linked the two vessels and four businesses to Sa’id al-Jamal, a Houthi...