Dali Incident Could Be Largest Ever Single Marine Insurance Loss
Britannia, the insurer of container ship the Dali, is working with the vessel's owner and U.S. authorities on the investigation into the collapse of Baltimore's Francis Scott Key Bridge, the insurer said on Thursday.The bridge collapsed on Tuesday after the Dali suffered a power outage and struck a pylon, causing huge disruption in the port."We are working closely with the vessel's owner and manager and the relevant U.S. authorities as part of the investigation into the casualtyā¦
Insurers Brace for Multibillion Dollar Losses After Baltimore Ship Tragedy
Baltimore's Francis Scott Key Bridge collapse could cost insurers several billions of dollars in claims, sources say, but it is too early to calculate the likely full financial losses of the tragedy that has shuttered one of the busiest ports in the United States.Six peopleare still missing after a collision with a Singapore-flagged container ship destroyed the landmark bridge on Tuesday, forcing the closure of the Port of Baltimore.With little clarity on when the port would re-open, insurers and analysts are now assessing the likely losses borne by underwriters across several product lines in
UAE Tightening Insurance Cover for Ships Flying Its Flag
The United Arab Emirates is tightening insurance requirements for vessels registered under its flag, according to a government advisory, amid growing concerns over ships sailing without top tier cover in the event of an oil spill.Ships typically have protection and indemnity (P&I) insurance which covers liability claims including environmental damage and injury.
Lloyd's Register Drops Ships of Top Indian Carrier of Russian Oil
Lloyd's Register has told India's Gatik Ship Management, which has become a major carrier of Russian oil since the Ukraine war, that it will withdraw certification of 21 of its vessels by June 3, the maritime services company told Reuters.It is the latest setback for Gatik, which was also been forced to find new flags for 36 of its ships after they were deflagged by the St. Kitts & Nevis International Ship Registry."Lloyd's Register is committed to facilitating compliance with sanctions regulations on the trading of Russian oil," it said in an email to Reuters.
In Memoriam: E. John Michel, MRCM (DV) USN (Ret), Chief-of-the-Boat, Bathyscaph Trieste
REMEMBERING MY SHIPMATE JOHN MICHELWe met in January 1959 when I became the first Officer in Charge of the Navyās newly acquired Bathyscaph Trieste and John was the first USN enlisted man to be assigned to the project. We were based at the Naval Electronics Laboratory in San Diego. Trieste was unique as there were only two deep diving manned submersibles in the world. The French Navy had the other. Our team learned about the bathyscaph more by āapprenticeshipā than through any sort of formal learning process.
Why Are Oil Tankers Stuck in Turkish Waters?
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) insuranceā¦
Russia Kicks Off Naval Drills in the Barents Sea
Some 20 ships from Russia's Northern fleet have commence naval drills in the Barents Sea, Russia's Ministry of Defense announced Tuesday.The "planned" exercise in the Arctic waters between Russia and Norway includes surface ships, submarines, boats and fleet support vessels, as well as more than 10 Russian aircraft. The ships will fire at sea and air targets using artillery, anti-submarine weapons and electronic warfare equipment.The exercises are the latest a string on Russian naval drills performed recently amid fears that Russia may invade Ukraine.
Trimaran Aims to Break Westabout Around-the-world Sailing Record
Two award-winning skippers are attempting to circumnavigate the globe westabout against the prevailing winds and currents in 122 days to break the current world record.The Use It Again! duo, Romain Pilliard and Alex Pella, commenced their voyage from Lorient, France on January 4, setting sail aboard an 18-year-old refurbished trimaran, in an attempt to help promote and develop the circular economy. The skippers are sailing aboard Ellen McArthur's legendary B&Q Castomara, whichā¦
World's Top Ship Insurers Won't Cover Ships Linked to Nord Stream 2 Pipeline
The world's largest group of shipping insurers will not insure vessels involved in the Russian-led Nord Stream 2 and TurkStream gas pipeline projects because of the threat of U.S. sanctions.Associations belonging to the International Group of P&I Clubs, including the Shipowners' Club and the London P&I Club, said in a circular on Monday that it would not provide cover "for any activity involving or related to the Nord Stream 2 or TurkStream construction projects".It said membersā¦
New Depth Map Over the Arctic Ocean
Details of a new depth map of the Arctic Ocean have been published in the nature journal Scientific Data. The new portrayal of the Arctic Ocean floor is in the form of a digital gridded database and comprises Version 4.0 of the International Bathymetric Chart of the Arctic Ocean (IBCAO).The gridded compilation has been completed under the auspices of the Regional Center for the Arctic and North Pacific Ocean of The Nippon Foundation-GEBCO Seabed 2030 Project. This Regional Centerā¦
Map of World's Seafloor Takes Shape Despite Crisis
Plans to map the entire ocean floor by 2030 are going ahead despite the challenges of the coronavirus crisis, officials leading the project said, with almost a fifth covered so far.Scientists say the topography of the ocean floor is less well known than the surfaces of Mars, Mercury or Venus and that charting the depth and shape of the seabed will help understand the impact oceans have on the earthās climate.As the worldās ocean economy grows in coming years, data will also be vital to boost knowledge of marine ecosystems and marine life as well as future food supply patterns.Seabed 2030ā¦
Tech Talk: Managing Ship Biofouling During Layups due to COVID-19
Biofouling control measures for ships are usually selected to match their operational profiles, and so what happens when constant service ships become idle for prolonged periods or operate at slower service speeds? Will they become vulnerable to fouling, and what measures can be taken to reduce the risk? These questions can best be answered by understanding the biology of the waters in which the vessels are located, the ecology of the different immersed parts of the ship, the biofouling control methods that have been applied or in useā¦
Fugro Mapping Arctic Waters off Norway
The Norwegian Hydrographic Service has awarded Fugro another hydrographic survey contract as part of the MAREANO seabed mapping program, financed by Norwayās Ministry of Trade, Industry and Fisheries, and the Ministry of Environment.Fugro said it has already completed 10 surveys for the program since 2006 and acquired over 140,000 km2 of data. This latest survey will collect high-resolution, high-density multibeam echosounder and sub-bottom data to produce seamless datasets for the Norwegian mapping program.
New Campaign Aims to Raise Emergency Funds for Seafarers
A new crowdfunding campaign aims to raise funds for developing world seafarers and their families that have been severely impacted by the coronavirus pandemic.The world's seafarers, especially those from poorer countries, are facing a number of challlenges amid the COVID-19 pandemic. Many are in lockdown with casual contracts and unable to work; others are facing difficulties due to lockdowns when they leave ships and are unable to return to their families with costs and little income coming inā¦
WOC Signs Pact with WISTA International
A new partnership between World Ocean Council (WOC) and WISTA International will advance womenās leadership in the sustainable blue economy.The WOC and WISTA is initiating a partnership to advance womenās leadership in the ocean and coastal business community and the Sustainable Blue Economy, said a press note.WISTA is a global organization connecting female executives and professionals from all sectors of the maritime industry. With more than 3,000 members in 49 countries, WISTA leads with the conviction that gender diversity and inclusions are the keys to providing a sustainable future for the shipping, trading, and logistics industries worldwide.Despina Panayiotou Theodosiouā¦
Australia Hosts GloFouling Event
The GEF-UNDP-IMO GloFouling Partnerships project has concluded its inaugural Research and Development Forum and Exhibition on Biofouling Management, in Melbourne, Australia (1 to 4 October).Bringing together experts, regulators and industry representatives to discuss the latest advances in research, regulations and technologies related to marine biofouling across all maritime sectors, this is set to become the projectās biennial āsignature eventā.Over 170 participants and 40 speakers took part in a program that focused on how biofouling affects different maritime industries, including shipping, aquaculture and ocean renewable energiesā¦
Industry Bodies Join Force for Ocean Economy
The World Ocean Council (WOC) and the World Association for Waterborne Transport Infrastructure (PIANC) have signed an MOU on long-term cooperation.The partnership agreement provides a commitment and framework for the two bodies to collaborate on ocean sustainable economic development through information exchange, communications, events, joint working groups, etc. on topics of shared interest.More specifically, PIANC and WOC will begin by working together to develop tools and methods for port and coastal infrastructure adaptation that can be scaled up to address port resiliency needs, especially regarding extreme weather events affectingā¦
Brazil Addresses Biofouling
Biodiversity can be threatened by organisms which can build up on ships' hulls and other marine structures, a process known as biofouling.A press note from International Maritime Organization (IMO) said that during a workshop in Arraial do Cabo, Brazil (5 August), experts on biofouling and invasive species and others took the first steps towards setting up a national task force to tackle the issue.According to the UN body, Brazil is one of 12 lead partnering countries in the GEF-UNDP-IMO GloFouling Partnerships project, which aims to protect marine biodiversity by addressing biofouling.Each lead partnering country's national task forceā¦
GloFouling Gets Going in Pacific
The initial phase of the Glofouling Partnerships project is now well and truly underway with a series of technical workshops in the Pacific, stated International Maritime Organization (IMO).The UN body said that the key message delivered to participants was that once introduced, marine invasive species can be hard to eradicate - and invasive species represent a potential major threat to the Pacific Ocean's biodiversity and the ecological integrity of Small Island Developing States.The GEF-UNDP-IMO GloFouling Partnerships project aims to protect marine biodiversity by addressing bio-invasions by organisms which can build up on ship's hulls and other marine structures.Meanwhileā¦
TMS and NAVTOR Sign MoU
The environmental products and services firm Total Marine Solutions (TMS) and NAVTOR are pleased to announce the signing of a Memorandum of Understanding (MOU), allowing for the integration of Ocean Guardianās environmental rules into NAVTORās voyage planning software.It will also allow NAVTOR to offer Ocean Guardianās environmental planning tool as a stand-alone system, said a press release.Developed by TMS, Ocean Guardian is a digital tool that provides shipboard operators with immediate access to environmental regulations around the world.Ocean Guardian removes the guesswork from environmental compliance, providing operators with immediate and accurate information on environmental regulations pertaining to a specific location.
UK P&I Club Gets Regulator Clearance for Dutch Brexit Hub
British ship insurer UK P&I Club has received approval from the Dutch regulator for a new subsidiary in Rotterdam to ensure continued access to trade in the European Union in case Britain loses single market access, it said on Tuesday.UK Club is the second specialist Protection and Indemnity (P&I) club to announce regulatory approval for Brexit trading arrangements in the EU. Rival club North said in January it got the green light for its Dublin subsidiary from Ireland's central bank.P&I clubs - mutually owned by their members which are shipping companies - have been an integral part of the City of London for nearly two centuries, insuring ocean going ships against pollution and injury claimsā¦
IMO Kicks-Start GloFouling Project
International Maritime Organization (IMO), the UN body, announced that a major five-year project to help protect marine biodiversity has been kick-started at a global workshop at IMO Headquarters in London, United Kingdom (18-20 March).The IMO-executed GloFouling Partnerships project will address bioinvasions by organisms which can build up on shipsā hulls and other marine structures. The project is a collaboration between the Global Environment Facility (GEF), the United Nations Development Programme (UNDP) and IMO.Representatives from 12 lead partnering countries, four regional organizations, IOC-UNESCO, the World Ocean Council andā¦
BREXIT: North P&I Gets OK for Dublin Brexit Hub
British ship insurer North has received regulatory approval from Ireland's central bank for a new subsidiary in Dublin to ensure continued access to trade in the European Union in case Britain loses single market access, the firm said on Friday.North, which has its headquarters in the northern England city of Newcastle, is the first specialist Protection and Indemnity (P&I) club to announce regulatory approval for Brexit trading arrangements in the EU. It said a team of seniorā¦