After spending five weeks aground in Mauritius, Liberian-flagged bulk carrier Benita is being towed to Alang, Gujarat, for recycling. A skeleton crew from salvor Five Oceans Salvage remains aboard for the passage to India.
Safety & Regulation
The president of the International Union of Marine Insurance (IUMI) has told IHS Fairplay the maritime market is embarking on a “new age” with the growing digitalisation of the industry.
European and American shipowner groups are endorsing the European Commission’s recent strategy toward cutting carbon emissions generated by the transport sector.
Seafarers’ charity Apostleship of the Seas recently supported 59 Russian mariners abandoned from three ships after the owner went bankrupt.
Maritime piracy has dropped to its lowest level for 20 years, although crew kidnappings continue to be a matter of concern, according to the International Chamber of Commerce's International Maritime Bureau.
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.