UK-based insurance technology company Concirrus has linked with consultancy EY in an initiative which Concirrus claimed would "accelerate the adoption of behavioural-based underwriting and risk management in marine insurance".
BIMCO has said that, although the recent US tariffs on steel and aluminium would have a limited impact on most international bulk trades, they could trigger something bigger that would negatively impact global shipping in a much wider way.
A serious fire was reported in one of the cargo holds of ULCC Maersk Honam (IMO 9784271) during the afternoon of Tuesday March 6th. Although 23 crew members were successfully evacuated to the nearby ALS Ceres that evening, a search and rescue operation continued for four crew members currently reported missing.
The Cargo Incident Notification System working group (CINS), a shipping line initiative launched in September 2011, has issued two new guidelines: One for the carriage of metal scrap in containers and one for the carriage of cocoa butter in containers.