Ole Wikborg News

Shipowners, Salvors and Insurers – through their respective trade associations – have jointly called for the prompt and proper implementation of international measures to provide a Place of Refuge for stricken vessels, following a series of incidents where casualty vessels have been delayed in accessing a safe harbor. The International Chamber of Shipping (ICS) said that it has noted “with dismay” the refusal by some coastal States to make places of refuge available, thereby risking lives and the environment even after the high profile cases of the Stolt Valor and the MSC Flaminia in 2012.

Damage to World Economy. “At last, governments are being stung into taking positive action to put an end to the menace posed by pirates, whether they be from Somalia or elsewhere. Not before time, there is a growing realisation that piracy is severely disrupting and damaging global  trade at a time when the fragile world economy can least afford it. These comments were made today in Oslo by Ole Wikborg, president of the International Union of Marine Insurance, who pointed out…