Shipping losses fall, but that’s not the whole story
First the good news, then the bad. That’s the main take away from marine insurer Allianz Global Corporate & Specialty SE’s Safety & Shipping Review 2022. The good news is that though
ukraine
Russian ships banned from U.S. ports
President Joe Biden today issued a proclamation prohibiting the entry of Russian-affiliated ships into U.S. ports. The proclamation defines “Russian-affiliated ships” as: vessels of Russian registry (i.e., the vessel is Russian flagged);
Holland America cruise ship will be temporary home for Ukrainian refugees in Rotterdam
Holland America Line’s cruise ship Volendam will be used to accommodate Ukrainian refugees as part of an agreement announced by Netherlands and city of Rotterdam government officials. The ship will dock in
P&I club warns of sea mine threat in Black Sea
Adding to the growing threats to shipping following the Russian invasion of Ukraine, there are increasing reports of threats from sea mines. Initially, NATO warned of mine danger areas in the northwest
Ukraine eliminates high-ranking Russian naval officer
State-owned Bangladesh Shipping Corp is seeking $22.4 million from its insurer for a cargo ship hit by a missile in March, according to a report in the Bangladesh Daily Star. An explosion
Ukraine: IMO seeks safe “blue corridor” for ships
As the Russian invasion of Ukraine continues, the International Maritime Organization (IMO) is calling for the establishment of a blue safe maritime corridor. It would allow the safe evacuation of seafarers and
Russian classification society targeted by EU sanctions
As the European Union steps up its support for Ukraine, the Russian Maritime Register of Shipping has been added to the list of state-owned enterprises subject to EU sanctions imposed in response
AMP to Biden: No need for Jones Act waivers because of Russian oil import ban
With concerns that the ban on Russian energy imports could be used as a pretext for seeking Jones Act waivers, the American Maritime Partnership (AMP) today sent a letter on the issue
Lloyd’s Register withdraws services to Russia
As Russian aggression in Ukraine continues, more organizations are continuing to cease providing services to Russian-controlled entities. Today, classification society Lloyd’s Register (LR) said it is disengaging from provision of all services
BIMCO: War in Ukraine will hurt growth in all shipping segments
Niels Rasmussen, chief shipping analyst at BIMCO, is warning that the negative impacts of Russia’s actions in Ukraine will have consequences for all sectors of shipping. Though much uncertainty remains, the immediate