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

Tanker Trends

APM Maasvlakte II Terminal Opens

APM Terminals Maasvlakte II held a ceremony  to celebrate the opening of the world’s most automated container terminal.   The  event that was attended by Dutch

MISC Says AET Tankers Unit Not for Sale

MISC Berhad issued a statement today addressing recent market speculation that the company is set to sell its wholly owned petroleum tanker subsidiary AET Tankers.

Strong Tanker Market Extends Peak Season High Earnings

Tanker earnings for crude oil tankers have climbed to new strong levels in the first quarter of 2015, with averages not seen since 2008, the Baltic and International Maritime Council (BIMCO) reported.

Maritime Security

HMS Prince of Wales Bridge Sets Sail

The bridge section of the second Queen Elizabeth Class aircraft carrier set sail today from Glasgow on its first sea voyage to Rosyth.   Upper Block 07 is where

Iran Moves Ships, Reducing Tensions Near Yemen

A flotilla of nine Iranian military and cargo ships that U.S. officials feared was carrying arms to strife-torn Yemen sailed northeast in the direction of Iran on Friday,

Russia, France Close to Deal on Mistrals

Russia and France are close to reaching an agreement for Paris to cancel a frozen contract on the sale of Mistral helicopter carriers and reimburse Moscow, a Russian

Maritime Safety

BIMCO Welcomes EU Decision on Migrants

BIMCO has stated today that it appreciates the new efforts by EU leaders to reduce increasing reliance on merchant shipping to rescue the growing numbers of

Two Rescued from Sinking Shrimp Boat

Two fishermen were rescued from their sinking shrimp boat by a U.S. Coast Guard aircrew Friday off the coast of Saint Simons Island near Brunswic, Georgia.   Watchstanders

IMO: Making Ferries Safer

The International Maritime Organization (IMO) domestic ferry safety conference in Manila April 24 has adopted guidelines to aid the process of reducing the mounting

Insurance

Maritime Casualty Forum Held in Singapore

More than 250 shipping and insurance professionals gathered for the first ever Asian Maritime Casualty Forum held during Singapore Maritime Week.   The two-day conference,

GOST System Tracks Stolen Boat in Abacos

GOST (Global Ocean Security Technologies), celebrating its 10th year as a world leader in marine security, tracking, monitoring and video surveillance systems,

‘Beware the Big Ship Hype’ -TT Club

TT Club’s Phillip Emmanuel has put into perspective some of the “sensationalism” surrounding the recent growth trend in containerships. Speaking during a plenary

 
 
Maritime Careers / Shipboard Positions Maritime Standards Offshore Oil Pipelines Port Authority Salvage Ship Repair 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: 0.1470 sec (7 req/sec)