The Standard Club’s loss prevention (LP) department comments on how this current crisis in oil prices coupled with the fall in demand has pushed several oil producers, traders and consumers to stock up, leading to a shortage in storage space for oil, not just crude but even clean products such as aviation fuel and gasoline.
As drone technology has recently seen an increased popularity in maritime surveillance, Ben Burkard, Underwriting Director, and Julian Hines, Loss Prevention Manager at the Standard P&I Club, consider the risks, rewards, as well as the potential regulatory issues surrounding the use of drones in shipping.
Vessel runs aground after officer on watch falls asleep13/08/2020
- Cyber Security
MPA Singapore reminds of incorporating cyber risks in SMS13/08/2020
Nigeria fines three men for piracy as new anti-piracy laws take effect13/08/2020
Partners team up for use of ammonia in marine transportation13/08/2020
- Maritime Health
Update August 13: Live map depicts spread of coronavirus13/08/2020
Panama Canal achieves milestone transit12/08/2020
ReCAAP ISC: Six incidents of piracy and armed robbery reported during July 202012/08/2020
Mauritius PM calls for worst-case scenario preparations12/08/2020
Just In Time guide launched supporting smarter, efficient shipping12/08/2020
Two workers died at Al-Zour LNG terminal in Kuwait11/08/2020