Singapore - Green Ship Programme extended
23/12/2019
The Singapore Maritime and Port Authority (MPA) issued a shipping circular announcing that the Green Ship Programme has been extended to 31 December 2024.
Sanctions: COSCO license update
20/12/2019
The UK P&I Club have received the following client alert from Freehill Hogan and Mahar, regarding a COSCO license update.
On 19 March 2013, MV "CMA CGM Florida" (CCF) collided with MV "Chou Shan" (CS) in the estuary of the Yangtze River, resulting in a serious rupture to the hull of CCF
Sanctions: OFAC De-Lists Ventspils
20/12/2019
The UK P&I Club have received the following client alert from Freehill Hogan and Mahar, regarding the delisting of Ventspils by OFAC.
The Inter-Club Agreement, otherwise known as the ICA, first came into force on 20th February 1970
A Special General Meeting of The United Kingdom Mutual Steam Ship Assurance Association (Europe) Limited will be held on 16th January 2020 in London.
While no changes are anticipated in the US enforced Emission Control Areas (ECAs) on or after 1 January, 2020, US regions outside the ECAs will need to ensure compliance with the IMO's 2020 global 0.5% sulphur cap from 1 January, 2020.
US: Recent Sanction Developments
13/12/2019
The UK P&I Club have received the following update from Freehill, Hogan and Mahar LLP, regarding recent sanction developments.
A major strength of the International Group remains its pooling arrangements and the General Excess of Loss and Collective Overspill Programme (GXL programme), which provides shipowners with un-paralleled levels of cover. All shipowners will be aware of the hardening reinsurance market and upward pressure on premiums. Despite this, the longevity and relative stability of the GXL programme has enabled the Group to achieve renewal for 2020/21 on expiring rates for shipowners. Of additional benefit, the US$2 billion excess of US$100 million placed in the commercial market has been confirmed for two years. This will help provide a degree of reinsurance pricing stability for the next two years whilst maintaining flexibility to fund claims within the Pool.
IMO - Preparations intensify as 1 January 2020 global cut in sulphur in ship's fuel oil looms
28/11/2019
As 1 January 2020 approaches, the IMO has issued a Press Briefing dated 25.11.2019 in which it reports on some of the views and indications which came out of a roundtable industry meeting which it hosted at its London Headquarters on 18 November.
The UK Club Crew Health team were recently asked to source support for seafarers
who had sadly witnessed the unexpected death of a fellow crewmember. Months
later, despite initial counselling, the crew was still experiencing flashbacks and
anxiety. They were suffering from Post-Traumatic Stress Disorder (PTSD).
Members are referred to ECM Maritime Services LLC's Client Alert 21-2019 for details of ACP's updated fuel requirements for vessels anchoring, transiting through and docking at terminals in Panama Canal waters. These requirements will apply from 1 January 2020, in compliance with IMO 2020.