Shipowners and environmental groups are jostling for position at the debate table as US regulators try to get a better handle on the risks of using heavy fuel oil in the Arctic.
Safety & Regulation
Environmental regulators in Mexico claim to have prevented a potential oil spill from a massive fire that broke out on a tanker operated by state-run oil company Pemex.
Hanjin Shipping crews worried about running out of essential supplies in the wake of the box carrier’s bankruptcy crisis has prompted action from a major international seafarer advocacy group.
Rising global accumulations threaten to overwhelm the global insurance sector, according to the president of the International Union of Marine Insurance (IUMI).
The ability of emergency responders to be compensated for oil spill clean-up costs was reinforced by the latest court ruling in a case related to a 2008 collision on the Mississippi River.
Delegates at the annual conference of the International Union of Marine Insurance (IUMI) have been told the current downturn is almost unprecedented.
The chairman of the International Union of Marine Insurance’s (IUMI) Ocean Hull Committee has said the continuing soften of prices is creating an ever-widening gap between underwriters.
Insurers are still struggling to get a grip on the potential exposures created by the collapse of Hanjin Shipping Co, said the chairman of the International Union of Marine Insurance (IUMI) Cargo committee.
Optimarin became the first manufacturer to submit an application to the US Coast Guard for type-approval of its ballast water equipment and could become the first to offer a ballast water cleaning system certified for vessels trading in the US.
Chairman of the Ocean Hull Committee said there was no excuse for a lack of discipline.