Nick Parkes has joined marine cyber risk management and insurance company, Astaara.
“There are as many, and more, upside economic consequences of a great safety culture as negative financial consequences of poor safety practices. It’s quite obvious which side shipping companies should be on, and our mission is to help them,” says John Roger Nesje, chief executive of Norwegian wireless technology pioneer Scanreach.
The Philippines government has issued new guidelines on the arrival of both Filipino nationals and foreigners. The government has ended its temporary ban (effective until January 31 2021) on international crew change for seafarers from vessels which had called at a list of 36 banned countries.
The ICC International Maritime Bureau (IMB) recently published its 2020 report on Piracy and Armed Robbery against Ships. The reports states that in the last year, 195 incidents of piracy and armed robbery were reported to the IMB Piracy Reporting Centre (PRC). This figure is higher than the previous year when there were 162 incidents.
A cargo ship operated by A.P. Moller-Maersk A/S lost several hundred containers in the Pacific Ocean while sailing through heavy seas from China to Los Angeles, the latest in a spate of incidents in which boxes carrying millions of dollars’ worth of goods have gone overboard.
In 2019 the international liner shipping industry transported 226 million containers around the world with a cargo value of more than US$4tn. Many of these were carried on ships’ decks but – due to container stack collapses – not all arrived safely.
The London P&I Club has expanded its team with the appointment of two experienced Underwriters.
The blocking of the Suez Canal by one of the world’s largest container ships is likely to result in losses worth hundreds of millions of euros for the reinsurance industry, Fitch Ratings said, even as rescue teams were successful in partially refloating the vessel on Monday.
Resilience in the face of volatility during an extraordinary year. That was the message from The Swedish Club at its first quarter 2021 board meeting yesterday, held virtually from Gothenburg, Sweden.
In response to the shipping community’s concerns about the characteristics of Very Low Sulphur Fuel Oil (VLSFO), an ISO Review of 2020 Marine Fuel Quality in January 2021 will be submitted to the IMO Marine Environment Protection Committee (MEPC) for its upcoming 76th session scheduled for June 2021.
In its latest Marine Safety Information Bulletin (MSIB 04-21), the USCG recognizes that travel restrictions imposed by governments around the world have created significant hurdles to crew changes and repatriation of seafarers. The physical and mental fatigue of seafarers who are unable to leave the vessel at the end of their contracts has led to growing humanitarian concerns as well as concerns for the safety of seafarers and shipping.
At its meeting conducted virtually from New York last week, the Board of the American Club noted that, despite challenging business conditions, the Club enjoyed a solid performance over the 2021 P&I renewal season. Both its mutual and fixed premium P&I portfolios performed well while American Hellenic Hull continued to consolidate its market position, gaining further momentum since the beginning of the year. Year-on-year annualized premium for the Club’s mutual P&I class grew by a little under 8% at February 20, while revenue for its Freight, Demurrage and Defence (FD&D) business increased by over 10%.