Most PSC inspections are conducted on a highly professional, transparent, and equitable basis, but incidents of corruption have been unofficially reported at a number of ports worldwide, notably in the Black Sea region.
Safety & Regulation
A report shared with Fairplay claims organotins are being used in coatings at illegal levels and traces of the chemical are entering the food chain.
Lloyd’s has published a new report that warns insurers face asset-stranding and liabilities on a global scale as a result of climate change.
Ships trading in the United States risk penalties similar to those facing a German shipowner for violating American ballast water regulations, P&I insurer Standard Club has warned.
The International Maritime Bureau’s 2016 piracy figures reveal the Sulu Sea as an area to avoid, but Indonesia, once again, saw the overall highest number of actual and attempted attacks.
Low ice coverage means the Seaway opens early this year. Grain and iron expected to lead shipments.
Marine broker Aon has issued its review of the 20 February P&I renewals and highlighted what it sees as an issue of concern for the market.
Bruce Carnegie-Brown, who succeeeds John Nelson, will be viewed as a solid and safe pair of hands as the market looks to absorb the impact of Brexit.
Regulations to reduce air pollution and eliminate invasive species in ballast water could remove enough tanker capacity to boost rates by 2018, according to McQuilling Services.
Major P&I clubs not imposing a general increase this year. Tough negotiations reported with shipowners despite no increase and premium returns.