Insurance Checks News

One more tanker took to 20 on Friday the number of vessels waiting in the Black Sea to pass through Istanbul's Bosphorus Strait on the way to the Mediterranean, the Tribeca shipping agency said, amid talks to disperse the build-up.On Thursday, dismissing pressure from abroad over the lengthening queue, Turkey's maritime authority said it would continue to keep out of its waters oil tankers that lacked the appropriate insurance letters, and it needed time for checks.Eight tankers were also waiting for passage through the Dardanelles strait into the Mediterranean…

Turkey's maritime authority said on Thursday it would continue to block the passage of oil tankers that don't carry appropriate insurance letters, adding that insurance checks on ships in its waters were a "routine procedure".The logjam is creating growing unease in oil and tanker markets and comes as the G7 and European Union introduce a price cap on Russian oil.Millions of barrels of oil per day move south from Russian ports through Turkey's Bosphorus and Dardanelles straits into the Mediterranean.Here are key facts about the issue.Ships typically have protection & indemnity (P&I) insurance…

Turkey's maritime authority said on Thursday it would continue to block the passage of oil tankers without appropriate insurance letters, adding that the insurance checks on ships in its waters was a "routine procedure."A Turkish measure in force since the start of the month has caused shipping delays. It requires vessels to provide proof of insurance covering the duration of their transit through the Bosphorus strait or when calling at Turkish ports.(Reuters - Reporting by Ece Toksabay and Can Sezer; Editing by Jonathan Spicer)

Divers searching for survivors of a capsized South Korean ferry saw three bodies floating through a window of a passenger cabin on Saturday but were unable to retrieve them, the coastguard said, hours after the ship's captain was arrested. The ferry, carrying 476 passengers, many of them schoolchildren, and crew, capsized on Wednesday on a journey from the port of Incheon to the southern holiday island of Jeju. Some 174 people have been rescued and hopes were fading for those still missing. The divers saw the bodies in a submerged cabin where many of the children were believed to be trapped, but were unable to break the glass to retrieve them. No sounds have been detected from within the capsized hull, the coastguard told reporters.

The captain of a South Korean ferry that capsized two days ago rushed back to the bridge after it started listing severely and tried in vain to right the vessel, one of the helmsmen on the ship said on Friday. A junior officer was steering the Sewol ferry when it capsized on Wednesday, leaving 28 people officially declared dead and 268 missing, almost all of them high school students. Divers are fighting strong tides and murky waters to get to the sunken ship but hopes are fading of finding any of the missing alive. "I'm not sure where the captain was before the accident. However right after the accident, I saw him rushing back into the steering house ahead of me," said Oh Young-seok, one of the helmsmen on the ship who was off duty and resting at the time.

The vice-principal of a South Korean high school who accompanied hundreds of pupils on a ferry that capsized has committed suicide, police said on Friday, as hopes faded of finding any of the 268 missing alive. The Sewol, carrying 475 passengers and crew, capsized on Wednesday on a journey from the port of Incheon to the southern holiday island of Jeju. Kang Min-gyu, 52, had been missing since Thursday. He appeared to have hanged himself with his belt from a tree outside a gym in the port city of Jindo where relatives of the people missing on the ship, mostly children from the school, were gathered. Police said Kang did not leave a suicide note and that they started looking for him after he was reported missing by a fellow teacher. He was rescued from the ferry after it capsized.