Piracy – Tanker Owners to Expore 'War Zone' Option

Ship Management International
Monday, May 14, 2012

INTERTANKO to discuss with insurers & charterers reclassification of Somali waters as a 'War Zone' instead of 'War Risk Zone' in order to avoid transits

The controversial move was agreed at last week’s INTERTANKO Council meeting in Singapore and negotiating an acceptable outcome could be one of the first tasks to be undertaken by the association’s newly voted-in Managing Director Katharina Stanzel when she takes over as head of the secretariat on July 1st.

Joe Angelo, INTERTANKO’s outgoing Managing Director, said “We will look into the issue of making the area a war zone. By making it a war zone, it gives the owner the option of whether he wants to go through the zone or not. If it is a war risk area they have to go through it and deal with the issues associated with that. There is a big difference.”  According to Sean Moloney of SMI.

Mr Angelo, who will return to his previous position of Deputy Managing Director and Director for Regulatory Affairs and the Americas, said reclassification of the pirate attack waters would enable owners to better protect their crew. “But there will be a clear understanding between the owner and the charterer on what is happening. It was proposed at our Council meeting and we have to decide how best to approach this. We will start by talking to the insurance market.”
 

Maritime Reporter May 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Tanker Trends

HSH Bank to Split Off Bad Shipping Loans

German lender HSH Nordbank could split off a "bad bank" for non-performing shipping loans as part of a plan to create a sustainable business model, according to a person familiar with the matter.

Gail to Sell LNG Supplies from US to Shell?

GAIL (India) Ltd has signed a preliminary deal with Royal Dutch Shell for the potential sale of liquefied natural gas (LNG) supply sourced from its portfolio, made up of US production,

How Do You Lose 100 Million Barrels of Oil?

Oil-market watchers are struggling to reconcile the large estimated oversupply in the market with the much smaller buildup of reported inventories and narrowing contango in futures prices.

Maritime Security

MPC Honors Crowley for Tank Vessel Safety

Crowley Maritime Corporation’s petroleum services division has once again been honored by Marathon Petroleum Company (MPC) with its annual Elite Vessel Award, which

Myanmar Finds 200 Bangladeshis in Offshore Boat

Myanmar's navy found a boat carrying more than 200 Bangladeshis, the government said on Friday, after the military chief said some migrants landing in Malaysia

HMAS Anzac Visits Portsmouth, UK

The Royal Australian Navy’s helicopter frigate HMAS Anzac has arrived in Portsmouth, England, as part of her NORTHERN TRIDENT 2015 deployment.   Anzac departed Sydney in March 2015,

Maritime Safety

US Oil Platform on Fire in Gulf Of Mexico

An oil platform caught fire and was evacuated in the U.S. Gulf of Mexico offshore Louisiana in the early hours of Friday, though no injuries were reported, the U.

Two Rescued from Vessel Aground North of Cuba

Two American sailors whose vessel ran aground approximately 25 miles north of Gibara, Cuba, were rescued by the U.S. Coast Guard (USCG) Friday. Watchstanders

Myanmar Finds 200 Bangladeshis in Offshore Boat

Myanmar's navy found a boat carrying more than 200 Bangladeshis, the government said on Friday, after the military chief said some migrants landing in Malaysia

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Navigation Offshore Oil Pipelines Salvage Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1196 sec (8 req/sec)