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Marine insurance premiums surge amid instability in Mideast

Concerns are growing over a possible surge in marine transport costs after a tanker operated by a Japanese shipping company was attacked in waters off Oman near the Strait of Hormuz in June. Higher insurance premiums for vessels that navigate through dangerous waters near the scenes of recent attacks and calls for pay hikes for crew members are among factors fueling fears of a significant cost surge. Prices of petroleum-related products in Japan would be affected if shipping costs drastically increase. Shipping companies insure their vessels to cover damage in ...

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Saudi Arabia officially introduces first bespoke Maritime Law

The ambition and projects set out in Vision 2030 to make Saudi Arabia a logistics and maritime hub necessitated the expansion and regulation of the maritime industry. The issuance of the first bespoke Maritime Law indicates the importance of the maritime sector to Saudi Arabia’s economy and development plans, and is a significant development in regulating the sector. In this article, we look at some of the key issues covered by the Maritime Law and what it means for Saudi and non-Saudi vessels. In January 2019, the Kingdom of Saudi ...

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Insurance rates have ‘increased 10-fold’ after attacks in the Strait of Hormuz, shipping CEO says

Insurance rates for tankers transiting through the world’s most important oil choke point have skyrocketed in recent weeks, according to the CEO of a U.S.-listed shipping company. Six oil tankers and a U.S. spy drone have been attacked since May either in, or near, the Strait of Hormuz — a strategically important waterway which separates Iran, Oman and the United Arab Emirates. “As a shipping company and part of the global shipping industry, we are taking the threat to our crew and ships very seriously,” Anthony Gurnee, CEO of Ardmore ...

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TT Talk – Review of global cargo theft in 2018

TT Club and BSI Supply Chain Services & Solutions have teamed again to produce a full year analysis of cargo theft, together with some further loss prevention commentary to assist those considering how to combat this on-going threat. Trend analysis The perils of cargo theft continue to plague stakeholders throughout the global supply chain. There are many resultant facets of this phenomenon; in addition to the direct financial cost there are hidden and often more significant consequences connected to loss of market and brand reputation, which leave no stakeholder unaffected. ...

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Gulf of Guinea remains a high-risk area for seafarers

Of the 75 seafarers taken hostage onboard or kidnapped for ransom worldwide so far this year, 62 were captured in the Gulf of Guinea – off the coasts of Nigeria, Guinea, Togo, Benin and Cameroon, states the International Maritime Bureau’s (IMB) in its half-year report published on 8 July 2019. Armed pirates in these high-risk waters kidnapped 27 crewmembers in the first half of 2019, and 25 in the same period in 2018. With 38 crew taken hostage globally, 37 kidnapped, four threatened, two injured, one assaulted and one reported ...

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New Procedure For Shipping Industry To Notify The US Government Of Non Availability Of Compliant Fuel Oil

1. Effective immediately, owners and operators of vessels operating in the North American (NA) or U.S. Caribbean Sea Emission Control Area (ECA) that are unable to acquire sufficient MARPOL Annex VI compliant fuel oil at a foreign or U.S. port may satisfy the MARPOL Annex VI Regulation 18.2.4 requirement to notify the competent authority of the relevant port of destination by notifying the cognizant U.S. Coast Guard Captain of the Port (COTP). Effective June 30, 2019, the U.S. Environmental Protection Agency (EPA) will stop accepting Fuel Oil Non-Availability Reports (FONARs). ...

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Risk for Turkish flagged ships calling at Libya

We have recently been made aware of a new potential threat for Turkish flagged ships calling at Libyan ports. Khalifa Haftar is a Libyan warlord in control of the ‘Libyan National Army’ (LNA) and has been involved in various rebel insurgencies against the Libyan Government of National Accord (GNA). Al Jazeera recently reported that Haftar has ordered his forces to attack Turkish ships and interests in Libya. This appears to be in response to Turkey’s support of the GNA who recently retook Gharyan, a strategic town just south of Tripoli, ...

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Changes to US ECA FONAR reporting procedure

Members with ships operating in the North American (NA) or U.S. Caribbean Sea Emission Control Area (ECA) are advised that a change of procedure has been introduced in the two ECAs because the U.S. Environmental Protection Agency (EPA) is no longer involved in dealing with cases where compliant fuel oil is not available. According to the USCG Marine Safety Information Bulletin (MSIB 005-19) attached on the right, from 30 June 2019 ships that are unable to acquire sufficient MARPOL Annex VI compliant fuel oil at a foreign or U.S. port ...

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Deck Cargo Clause on Bills of Lading: The Elin (2019)

Members are reminded that in order to ensure that liabilities for the carriage of cargo on deck fall within Club cover, the contract of carriage must contain an appropriate liberty or be endorsed with a suitable clause. However, a clause such as “stowed on deck at shipper’s risk” is inadequate and will not provide complete protection to a carrier for loss or damage to the deck cargo due to the carrier’s (or his agents’ and servants’) negligence or the ship’s unseaworthiness. It was recently decided in the “Elin” (2019) that ...

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Libyan Ports

Due to recent developments and representations made by various Libyan authorities, members are reminded that the situation in Libya remains extremely unstable. Our Correspondent reports that all ports remain open with the exception of Sirte and Derna. Vessels should avoid the areas around Derna and Sirte. Our Correspondent recommends that when calling at the open ports, arrangements should be made well in advance in order that port agents can notify the appropriate authorities and complete the necessary formalities. We thank our local Correspondents, Shtewi Legal & Pandi Services, for their ...

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The Swedish Club Starts a Loss Prevention Revolution

The next generation of Loss Prevention has arrived. A pilot project from The Swedish Club means that shipowners can now be offered real time personalised loss prevention, tailored to their location, and voyage profile. Trade Enabling Loss Prevention (TELP) allows The Swedish Club to use a combination of the latest automatic identification system (AIS) technology coupled with solid statistics and expertise built up over years to map a risk profile for an individual vessel at every stage of its voyage, It can then provide members and their vessels with timely, ...

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People focus: Never leave home without your EHIC

The European Health Insurance Card (EHIC) evidences that seafarers are members of the national health insurance scheme in their respective home countries and makes it easier to access healthcare services during temporary visits abroad. When the card is presented on admission to a state hospital in one of the European Economic Area (EEA) countries or Switzerland, the seafarer will receive the same medical care at the same cost, free in many countries, as the locals. Any cost charged for medical treatment is settled directly between the two countries involved without ...

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It is once again time to slow down for whales in Gulf of St. Lawrence, Canada

In an effort to reduce right whale mortality due to vessel strikes, the government of Canada on 26 June 2019 implemented a temporary mandatory slow-down of vessels 20 meters in overall length or more, to a maximum of 10 knots when travelling in the western Gulf of St. Lawrence, in the two designated shipping lanes north and south of Anticosti Island. According to Transport Canada, this temporary measure comes in addition to the fixed 10 knot speed restriction that took effect in a large area of the Gulf of St. ...

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Britannia Celebrates 30 years since the Granting of the Tokyo Branch Licence

Britannia’s branch office in Tokyo has just celebrated 30 years since the granting of its licence by the Japanese Ministry of Finance (now the Financial Services Agency) to carry out P&I and FD&D insurance business in Japan. In fact, Britannia was the first foreign P&I Club to be granted such a licence in Japan which reflects its continual commitment to the Japanese market. The Tokyo branch is headed by Mitsuhiko Ida, who has over 30 years of experience in the P&I industry with the office conveniently located next to the ...

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The Dangers Of Transporting Nickel Ore Cargoes – A Timely Reminder

Your Managers are very grateful to Pandiman Philippines Inc., the Club’s correspondents in Manila, who have provided the following reminder of the hazards associated with the carriage of nickel ore, as the seasonal export of this dangerous cargo from the Philippines gets underway. The dangers posed by the carriage of nickel ore cargoes arising from their propensity to liquefy cannot be over-stressed. Some one hundred lives have been lost over the last ten years involving nine vessels in incidents of nickel ore liquefaction. Strict adherence to good industry practice in ...

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