An industry survey carried out by BIMCO, International Chamber of Shipping (ICS), INTERCARGO and INTERTANKO into the transition to using very low-sulphur fuel oil (VLSFO) since the beginning of 2020 has found that several issues have arisen for owners and charterers.
The Northern Sea Route is now completely open, reports the Barents Observer.
There has been a spike in shipping along the remote Russian Arctic shipping route as a result of sea ice melting over the past few weeks.
Earlier this year the World Maritime University (WMU), established within the framework of the International Maritime Organization (IMO), and IUMI signed a Memorandum of Understanding (MoU) regarding their mutual interests in the field of maritime and oceans, the development of expertise, the protection of the marine environment and the building of capacity worldwide.
The United States is pressuring shipping companies, insurers, certifiers and flag states that register vessels, according to Washington’s special envoy on Venezuela, Elliott Abrams, in an interview with Reuters.
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.