Deploying Blockchain Tech for Safe Chemical Cargo Transport

Credit: Choong Deng Xiang/ unsplash

GSBN partners with Chinese companies to enhance the transportation of chemical cargo safety using blockchain technology. A streamlined certificate verification process reduces the risk of fraud and errors. Discover how this innovation is improving safety and efficiency in the shipping industry.

Industry First

The Hong Kong-based blockchain platform Global Shipping Business Network (GSBN) has collaborated with COSCO, Orient Overseas Container Line (OOCL), and the...

2022: A Year In Focus: Risk-Taking In A World With Lessons

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TT Club takes pleasure in regularly bringing attention to the constantly shifting risk profile of this complex industry as a specialist insurance provider to the international freight transport and logistics sector. Its most recent report, titled “2022 – A year in focus,” is a condensed version of the variety of recommendations it made last year to increase the impact of cargo handlers’ and transport operators’ risk management efforts, as reported by TT Club.


Keeping Check Of Hull Values And P&I Cover Important For Shipowners

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  • Under each rule, the board of the club may, for the purposes of assessing any amount recoverable, determine the ‘proper value’.
  • The Board expects members to review the insured values of their ships under their hull policies in the light of market conditions on a regular basis.
  • So far as the collision rule is concerned, cover under the hull policy is always limited to the insured value of the ship. 

All shipowners make sure that hull insurance is in place to cover...

China’s Marine Protection Cooperation To Reduce Regional Tensions

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  • Marine protected areas offer a potential solution to many of the threats facing the region’s oceans, including illegal fishing and habitat destruction
  • They are also a non-threatening way for countries that have competing claims in the South China Sea to come together and work for mutual benefit
  • China knows it is in dangerous waters since it has entered the “ecological conservation redline”.

Buoyed by its long coastline, beautiful bays, harbors and more than 3,000...

Japanese Government To Continue Marine War Insurance

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The Japanese government has asked nonlife insurers to continue providing marine war insurance in Russian waters to ensure that Japan can keep importing liquefied natural gas from the Sakhalin-2 project, says an article published on Nippon.

Provide insurance to cover damage

The Financial Services Agency and the Agency for Natural Resources and Energy made the written request to the General Insurance Association of Japan.

Last week, Tokio Marine & Nichido Fire Insurance...

Can Owners Refuse Charterers’ Order If It May Jeopardize The Safety?

In CM P-MAX III Limited v Petroleos Del Norte SA (MT Stena Primorsk) [2022] EWHC 2147 (Comm), the Commercial Court of the High Court of England and Wales (the Court) has ruled that an owner can legitimately refuse orders from the charterer where such orders may jeopardise the safety of a vessel. As the owner cannot be satisfied that the vessel could berth and discharge her load whilst remains to be “safely afloat”, the owner may reject the charterer’s request to berth on safety grounds.


Pirates Embark Ship , Crew Escape Unscathed

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Two Koreans are free and unharmed after the vessel they were operating was boarded by pirates in international waters 200 nautical miles south of Abidjan, Ivory Coast in West Africa, according to the Ministry of Foreign Affairs Friday.

An Unfortunate Event

The ministry said those on board the 4,000-ton vessel went missing at around 7 a.m. Thursday. Seventeen Indonesians were on board along with two Koreans, who were the captain and the engineer of the ship. 

Damage Incurred


$100 million laker fire: NTSB issues 3 safety recommendations

The National Transportation Safety Board issued three safety recommendations following its investigation into a fire that broke out aboard a Great Lakes bulk carrier when docked in winter layup. Damage to the vessel exceeded $100 million.

The incident occurred on February 1, 2021, when, at about 1.31 a.m local time, a fire started in the engine room of the 1972-built laker Roger Blough during its winter layup at Fincantieri Bay Shipbuilding in Sturgeon Bay, Wis. The cargo-unloading conveyor...

Allianz: Prevention measures are crucial to tackling battery-fire risks

While incentives to persuade drivers out of their gas-guzzlers and into electrical vehicles (EVs) may be good news for the climate, they should also be a wakeup call to vessel operators. A key component of EVs, and of all electronic devices is highly inflammable lithium-ion (L-ion) batteries. This, says marine insurer Allianz Global Corporate & Specialty (AGCS), is increasingly impacting shipping safety as demonstrated by a number of fires on vessels such as RO/RO car carriers and...

EverGreen Seal gains ERL an AWO safety award

The American Waterways Operators reports that its Tankering & Barge Operations Subcommittee has presented AWO affiliate member ERL Inc. with the panel’s third annual safety award.

The award was given ERL for he creation and testing of its EverGreen Seal. The EverGreen Seal replaces current braided Teflon gaskets and reduces cargo vapor emissions from tank barge hatches by more than 90%, improving safety for mariners and shore tankering personnel as well as environmental sustainability.

The award...

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