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US ports association concerned over US trade tariffs

Responding to the US government’s announcement earlier this week on the imposition of an additional $200 billion in protective trade tariffs against Chinese imports, AAPA urged federal policymakers to consider the negative impacts that tariffs have on port and other trade-related American jobs.

ING to focus portfolio in green financing

ING informed that from its €500 billion lending portfolio, it will begin steering towards meeting the Paris Agreement’s well-below two-degree goal. ING will do this by creating the Terra approach, using science-based scenarios to steer its business strategy. Terra measures the needed shift in technology.

Panama Canal expects less ship transits amid trade war

The escalated trade war between the world’s two economic giants, the US and China, could cause fewer ships to use the Panama Canal, but this could be offset by grain exports from north Brazil, according to Panama Canal Authority. 

IUMI: Cautious optimism for offshore underwriters in 2018

Although global premiums for the offshore energy insurance sector dipped by 5% in 2017, signs of recovery are on the horizon. This was the key outcome for the offshore sector of this year’s International Union of Marine Insurance (IUMI) conference in Cape Town.

IUMI: Risk profile, trading conditions better despite reduced premiums

During the IUMI conference in Cape Town, Chair of the Ocean Hull Committee, Mark Edmondson, stressed a continuing deterioration of premium income against the more positive picture of an improving risk profile. Nevertheless, the international market has improved during 2018.

What German insurers should focus on ahead Brexit

The German Insurance Association made an attempt to answer what should insurers and competent authorities focus on the next months ahead Brexit. Although UK has underlined that they want to keep a comprehensive partnership with the EU, GDV warns that a “Cliff Edge” for insurers remains a viable option.

Maersk changes fuel adjustment surcharge ahead of 2020 sulphur cap

Maersk informed that it will change the fuel adjustment surcharge ahead of the 2020 sulphur cap. The new Bunker Adjustment Factor (BAF) aims at recovering the Maersk Line costs of compliance with the global sulphur cap which enters into force on 1 January 2020.

IUMI: Global marine premiums rise 2% but challenges remain

Presenting its annual statistical report on marine insurance at this week’s annual conference in Cape Town, the International Union of Marine Insurance (IUMI) highlighted an increasing mismatch between income levels and covered risk, although global marine premiums were up by 2%

Watch: BIMCO shipping market analysis

In the video, Mr Peter Sand, BIMCO’s Chief Shipping Analyst, provides an extensive insight on the latest market conditions for shipping: Dry bulk has recently seen an improved market except the iron ore segment, container shipping is a little bit ‘disappointing’, while tanker shipping is extremely bad market right now.

Financing the clean energy transition

As the global community becomes more interested in- and aware of- the devastating impacts of climate change, more and more industries have shown a shift towards environmentally-friendly solutions. This could not leave the financial sector unaffected. But how financial institutions form part of the green transition?

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maritime events

Alerts Casualties Loss Prevention Maritime Health Regulation Safety Seafarers Security
jotun b
PSA Norway: Numerous safety breaches found on Jotun B
crew abduction
ReCAAP ISC reports crew abduction in Sulu-Celebes Seas
human trafficking in fishing
US introduces bill to tackle human trafficking in fishing
Arctic Ballast Emissions Fuels Green Shipping Pollution Ship Recycling Technology
hybrid patrol vessel
Estonia launches hybrid patrol vessel to tackle pollution threats
venta maersk
Venta Maersk successfully sails through Northern Sea Route
opec
OPEC net oil export revenues to continue increasing in 2018
Connectivity Cyber Security E-navigation Energy Efficiency Maritime Software Smart
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Watch: World ROV market on the increase again
artificial intelligence in transport
UK explores benefits of artificial intelligence in transport
gps problems
USCG NAVCEN to publish GPS problems reports
CIC Detentions Fines PSC Focus Vetting
flaminia
Stolt disagrees with Flaminia ruling
flaminia
Court found MSC not liable for Flaminia fire
ilo fishing convention
Crew was beaten on the first fishing vessel detained under ILO
CSR Shipping Sustainability Women in shipping
WISTA Portugal
Portugal joins WISTA International
Frank Coles
Wallem appoints Frank Coles as the new CEO
green financing
ING to focus portfolio in green financing
Finance Fishery Infographic Maritime Knowledge Offshore Ports Reports Shipbuilding Short Sea Yachting
jotun b
PSA Norway: Numerous safety breaches found on Jotun B
drilling islands
Saudi Aramco awards contract for construction of drilling islands
us trade tariffs
US ports association concerned over US trade tariffs
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Compliant recycling of a navy tanker
ISM Code Implementation: The bar is set too low
Career Paths: Carleen Lyden Walker, NAMEPA