Safety & Regulation

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.


Pemex tanker Burgos

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.


IUMI president Dieter Berg

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.


The depressed oil price has forced operators and contractors to reduce their activity

Delegates at the annual conference of the International Union of Marine Insurance (IUMI) have been told the current downturn is almost unprecedented.


Chairman of the International Union of Marine Insurance’s (IUMI) Ocean Hull Committee Mark Edmondson

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.


Hanjin Rome was arrested in Singapore

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.


 Mark Edmondson, chairman of the Ocean Hull Committee IUMI

Chairman of the Ocean Hull Committee said there was no excuse for a lack of discipline.