Greek shipping navigates treacherous, uncharted waters
As global trade faces new challenges and the path to green shipping remains uncertain, Greek owners are actively seeking solutions.
Gard launches war risk service with a mutual spirit
In response to rising geopolitical tensions, Gard today announced a new, top-of-the-range war risk service, making it easier for clients to mitigate risks in a fast-changing environment. Gard offers the new service through an agreement with the Norwegian Shipowners' Mutual…
The Shipowners’ P&I club: General Increase announcement 2024/2025
The Club's Board met on Tuesday 31 October to determine whether the Club should seek a General Increase for the 2024 policy year, commencing 20 February 2024. They noted that the Club remained in an excellent position, despite no General…
Cyber ransom payments have “skyrocketed” over the past 12 months
New research has found that the maritime industry remains an “easy target” for cybercriminals, and that the cost of attacks and demand for ransom payments across the sector have skyrocketed over the past 12 months. The report, which was produced…
Winners and losers from lifting of sanctions on Venezuela
Suezmaxes and aframaxes look set to be the beneficiaries of last week’s announcement that the US will ease sanctions on Venezuelan oil, though analysts remain divided on whether the development is good news for the tanker sector as a whole.…
Evergreen Line declares force majeure on Israel shipment
Taiwan-based container shipping line Evergreen has declared force majeure on a shipment to the Israeli port of Ashdod. The Ever Cozy (IMO 9904510) diverted to Haifa due to safety concerns, according to a customer note seen by Reuters. The line told clients in the…
Israel-Gaza conflict: contractual implications
Marie Kelly, Vice President, Defence Global at Norway-based marine insurer and Group Club Gard, has written a summary of the contractual implications of a situation as is now being seen in the Eastern Mediterranean. If the conflict spreads, there could…
Israel to pay compensation for ships damaged in Gaza war
Israel will provide compensation for ships that are damaged due to the war in Gaza and the government is taking steps to minimise risks for vessels using the country’s ports, government advisories said.
New CII clause – advice to owners and charterers
BIMCO has just issued a new Carbon Intensity Indicator (CII) clause for voyage charterparties. Here are the main issues owners and charterers should be aware of.
Ukraine says Russia is increasing threats to coastal Black Sea corridor
The growth in the level of activity in Ukraine’s unilateral ‘humanitarian” coastal Black Sea corridor from Odesa and other ports down to Istanbul, which began operating in September, has seen Russia step up its threats to the safety of the…
