Maritime piracy has dropped to its lowest level since 20 years though crew kidnappings continue to be a matter of concern according to the International Chamber of Commerce's International Maritime Bureau.
Safety & Regulation
As the threat of cyber risk dominates much of the risk agenda, marine insurers are struggling with an inability to sell cover for attacks.
After five weeks aground in Mauritius, Liberian-flagged Greek-owned bulk carrier Benita was refloated on the high tide at 1300 h local time on 23 July.
Insurers are to launch a new set of rules that will limit the level of liability they will assume for the loss of frozen food cargoes as the sector seeks to put a halt to spiralling losses.
Tanker interests are keeping a close watch over the roll-out of a new Jones Act enforcement regime in the US that could greatly increase the risk of significant penalties for shipowners and commodities traders.
Bad weather is delaying salvage of a stranded Greek bulker, but the ship remains in a stable condition, according to Five Oceans Salvage (FOS). The ship is being kept in place by AHTSs Coral Sea FOS and Ionian Sea FOS.
Given the level of mistrust, disappointment, and frustration in the EU that the UK has chosen to go it alone, Britain's road to departure will not be smooth.
More South Korean shipping lines are to cross the Northern Sea Route this year.
A leading American maritime risk research centre wants to create a training programme designed to showing commercial vessel crews how to carry out a migrant rescue at sea.
UK economy expected to suffer after Brexit, with uncertainty ‘a fact of life’ and London must embrace a new independent position