Today, the U.S. Department of State, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), and the U.S. Coast Guard issued this advisory to provide those involved in the maritime industry - including marine insurers - with further information to counter current and emerging trends related to illicit shipping and sanctions evasion.
Major fires on container vessels count among the worst hazards of the global shipping industry. Crew members face considerable risks when fighting fires with the equipment currently required under the International Convention for the Safety of Life at Sea (SOLAS).
Today at the 7th session of the IMO’s Sub-Committee on Ship Systems and Equipment (SSE), Are Solum from Gard gave a presentation on "Containership Fires From the Insurers’ Perspective". Containership fires have long been a concern for marine insurers and current SOLAS regulations have not kept pace with the growth of the vessels or the complexities of fighting larger and more dangerous fires.