News

UK-based cyber security firm CyberOwl has warned shipmanagement software vendors that it could become a focus of hackers. The company noted that  Voyager Worldwide and DNV’s ShipManager software both had been hit by cyber attacks in the past couple of months. It added that other cyber incidents could be going unreported. There was strong speculation that hackers were targeting this type of software providers. Daniel Ng, CEO of CyberOwl, said that “we’re watching this trend closely as it’s worrying there’s…

Data from MarineTraffic has shown that a considerable number of vessels called at Indian ports in 2022 that will not be allowed in after India introduces its planned ban on older ships. As was reported in IMN last week, under the new rules no bulk carrier, tanker or general cargo ship aged 25 years or more will be allowed to call at Indian ports. For gas carriers, offshore vessels and container ships, the age limit will be 30 years. Locally…

Norwegian Hull Club has said that it is further reinforcing its commitment to the energy transition by introducing Environmental Care & Emission Reduction (ECER) – a new area of assessment in its underwriting procedures. ECER will see environmental standards, emission reduction and energy efficiency all forming part of The Club’s underwriting guidelines and rating model for Oil & Gas clients from 2023. ECER will involve an assessment by The Club of measures taken by the Assured / prospective Assured  to…

Shipowners’ Club Director of Underwriting Ian Edwards has noted that, when the Club’s Board met on October 31st 2022, it was observed that the Club was in a market leading underwriting position, but potentially faced some headwinds by virtue of inflation running at higher than historic levels. “The big unknown is inflation and, given that it has been a relatively benign year for claims, especially to the International Group Pool, we haven’t seen the impact of inflation. This may change,…

Steamship Mutual has brought to the attention of Members a recent Safety Alert issued by the Dutch Safety Board to stop the use of, and to replace, a defective batch of the following pyrotechnics: PIROLEC Red Rocket Parachute Flare Type: L-35 / L-35A Batch: 0525/2021 – 113 The Safety Alert has been published after a preliminary investigation into an accident on board a sailing yacht on January 1st 2023, when a flare, being operated in compliance with the instructions, did…

Maersk is moving towards a single, unified brand that will see shipping lines including 152-year-old Hamburg Süd and SeaLand as well as newer acquired brands like Senator and LF Logistics discontinued and integrated into Maersk. “We believe that by integrating these into the Maersk brand, we will be able to ease logistical difficulties, whilst also offering more variety, ease, and connectivity than ever before, all under one roof,” the company said in a notice to its customers on Friday. Each…

With the February 5th deadline looming for the setting of a price cap on oil products being exported from Russia via ships with any connection to the EU, the European Commission was reported to be considering a $100-a-barrel cap on Russian premium oil products, with $45 being the cap on discounted products like motor oils and some lubricating oils. Talks were planed to continue this week, and a one-minute-to-midnight deal is once again a strong possibility. Reaching an agreement on…