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International Chamber of Shipping statement on the Red Sea ship attacks

The Bahamas flagged Galaxy Leader, operated by Japanese company NYK, and owned by British Company Ray Car Carriers was seized by Houthi forces on 19 November. Subsequently there have been an increasing number of attacks against merchant ships. ICS deplores the actions of the Houthis in the strongest terms and calls for the immediate cessation of these attacks. These are unacceptable acts of aggression which threaten the lives of innocent seafarers and the safety of merchant shipping. These attacks are a flagrant breach of international law. States with influence in ...

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Bulk carrier reportedly boarded in eastern Indian Ocean off Yemen -Ambrey

A Malta-flagged, Bulgarian-owned bulk carrier was reportedly boarded on Thursday after being involved in an incident in the Arabian Sea off Yemen’s Socotra Island, British maritime security company Ambrey said in an advisory note. An Iranian-flagged fishing vessel in the area had switched off its AIS transponder six hours before the incident close to where the bulk carrier appeared to come adrift, Ambrey said. “The Iran-flagged fishing vessel had previously been operating offshore Somalia,” Ambrey added. The United Kingdom Maritime Trade Operations (UKMTO) agency also sent an advisory saying it ...

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The Gaza conflict

The recent eruption of hostilities and atrocities directed at Israel unleashed not only an Israeli response but also a wave of concern about regional contagion. Behind that lay the practical concerns for the aspects that touched on the supply chain actors. From the initial shock, the port situation was unknown so some vessels diverted from Ashdod and Israel offered low key military help particularly off Ashkelon which closed for a while. Evergreen declared a force majeure on one of its vessels and cruise operators urgently reviewed their call schedules after ...

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Navigation Support Updates in Response to Threats and Attacks on Shipping

Following increasing threats and recent attacks on merchant vessels, and updated advice from industry associations, ChartWorld has released updates to its route networks and digital routing service. These updates are intended to support bridge teams‘ decision-making processes, by providing route planning flexibility within a recommended security corridor. The industry associations of ICS, BIMCO, CLIA, INTERCARGO, IMCA, OCIMF and INTERTANKO have published a Security Bulletin and developed routing advice for the region of the Persian Gulf, Strait of Hormuz, and Sea of Oman. This advice aids passage planning as a reaction ...

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Delays in transiting the Panama Canal

Due to a record-breaking lack of rain, the Panama Canal Authority has significantly reduced the number of vessels transiting the Canal. This in order to conserve water and hopefully avoid having to reduce the maximum allowable transit draft for vessels. The reduction to 22 (from about 34-36) vessels per day will remain in effect until 1 February 2024 when it will be reduced to 18 vessels per day. The Authority has advised that vessels without bookings may face “indefinite delays”. The Authority recently amended its auction system by introducing a ...

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Big data for trusted green shipping

500 million signals are sent by the worldwide fleet each day and this is gold for green shipping. Insurers must seize this data and capture its value. What is at stake for marine insurance? The client’s expectations A need for more transparent and objective risk indicators: The most advanced clients are investing a lot into data: the same trend for marine insurance will improve the risk knowledge and its interactions with green shipping performance. Identifying new risks in a fragmented world: New risks are arising linked to war, sanctions, business ...

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Updated threats to shipping in the Red Sea

On 9 December 2023, Yemen’s Houthi movement said that it will target all ships heading to Israel, regardless of their nationality and warned all international shipping companies against dealing with Israeli ports. In recent weeks, the Houthis have attacked and seized several Israeli-linked ships in the Red Sea and its Bab al-Mandab Strait, a sea lane through which much of the world’s oil is shipped. It is expected that such attacks will continue, subject to any deterrent response from the US, whose warships might also have been targeted with drones, ...

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Shippers avoiding Red Sea transits after attacks, watching Suez Canal traffic

Shippers are diverting from transiting through the Middle East and watching for any sign of increased traffic in the Suez Canal, amid a recent pickup in attacks in the Red Sea and the Gulf of Aden, as more security steps beef up to ensure crew safety, according to shippers and industry sources. Some shippers are avoiding the region entirely and instead choosing to transit around Africa, and this is adding about two weeks to their voyages and increased emissions, David Loosley, secretary general of shipping industry group Bimco, said Dec. ...

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Korean Maritime Industry Completes Smart Ship Cybersecurity Demonstration Project

CYTUR Inc., a company that specializes in marine mobility cybersecurity (including smart and autonomous ships) successfully promoted the Smart Ship Cybersecurity Demonstration Project in 2023 with funding from the Ministry of Science and ICT and the KISA (Korea Internet & Security Agency). Shipbuilders, ship suppliers, and academic and industrial experts in the information security industry participated in the project and evaluated the results to be the best practices for the preparation of cybersecurity regulations for the International Association of Classification Societies (IACS) and Unified Requirements (UR) E26 and E27. The ...

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Mercuria Energy Trading PTE V Raphael Cotoner Investments LTD (The “Afra Oak”) 2023

Pursuant to an Exxonvoy charter of the M/T “AFRA OAK” (“Vessel”), MERCURIA ENERGY TRADING PTE (“Charterers”) provided instructions to the Vessel’s Master to “proceed to Spore EOPL for further orders. Discharging plan still not known yet” and “… wait in Singapore EOPL where you consider it safe to do so, using good navigation and seamanship”. “Spore EOPL”, short for Singapore Eastern Outer Port Limits refers to the Singapore Straits bordered by Indonesia, Malaysia and Singapore (UNCLOS signatories). The Convention requires vessels’ innocent passage through territorial waters to be continuous and ...

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Attacks on shipping in the Red Sea

There have been a number of recent attacks on commercial ships in waters around the Red Sea and off the coast of Yemen. It was reported that, on 19 November, Houthis seized “Galaxy Leader” (a car carrier), which was taken to Hodeidah, and that, on 26 November, they seized “Central Park” (a chemical tanker). On 27 November, “CMA CGM Symi” (a container vessel) was said to come under attack by a drone in the Indian Ocean. All three vessels were alleged to have had links with Israel, although this may ...

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Red Sea shipping attacks raise tanker insurance costs as security risks escalate

Maritime security risks in the Red Sea have escalated due to the latest spate of attacks on commercial ships in the key oil trade chokepoint, and could spur further rises in already-high regional insurance costs if the trend continues, market participants said Dec. 6. Risks to shipping in the Red Sea and Bab el-Mandeb area — through which about 10% of global seaborne oil flows — ratcheted up in the wake of the Israel-Hamas war after Iranian-backed Houthis in Yemen expressed their support for the Palestinians. From a car carrier ...

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Electronic (Paperless) Trading – Update to Secro Terms and Conditions

In 2022, the International Group (IG) first approved the Secro Customer and User Agreement dated 6th October 2022 (‘the 2022 Customer and User agreement’) and the Secro Standard e-bill of lading. The IG subsequently approved an updated version of the Secro Customer and User Agreement dated 16th March 2023 (‘the March 2023 Customer and User agreement’), as well as use of Secro Customer e-bills of lading in conjunction with the March 2023 Customer and User agreement. The 2022 Customer and User agreement, the Secro Standard e-bill of lading, the March ...

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Shipowners’ Club: Board Appointments

The Shipowners’ Club, the leading P&I insurer in the smaller and specialist vessel sector, is delighted to announce the appointment of four new directors to its Board. These co-options were agreed at the Club’s Board meetings in August and November 2023, effective from the Club’s Board meeting which takes place in March 2024. Commenting on the appointments the Club’s Chairman, Donald A. MacLeod KC, said: “The Club’s Board seeks to ensure peace of mind for all its 8,500+ Members and their 34,000+ vessels. In so doing the Board has responsibility ...

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The Swedish Club Continues its Drive for Sustainable Growth

The Board of The Swedish Club has announced a 7.5% General Increase for P&I in 2024, reflecting the balanced approach adopted by the Club to meet the needs of its members and the continuing volatile operating environment faced by the shipping industry. Speaking at The Swedish Club’s December board meeting, held in London today, Managing Director Thomas Nordberg said: “We are continuing our drive for sustainable growth, with an enhanced focus on quality members and tonnage. This strategy has served us well in 2023 and will reinforce our strong platform ...

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