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Insurance

Norway to demand insurance disclosure from foreign tankers

Norwegian authorities will require foreign-flagged tankers operating within the country’s economic zone to disclose their insurance arrangements starting August 11.The new rule, announced by...

‘GPS spoofing and groundings: Are shipowners still covered?’ asks the AAA

A significant issue exists regarding the interplay between traditional marine perils, such as a vessel grounding, and emerging threats stemming from GPS spoofing. This...

Shipowners warned GPS spoofing groundings may not be covered by insurance

The Association of Average Adjusters (AAA) has issued a warning to the maritime sector, highlighting the growing legal ambiguity around insurance claims involving vessel...

Europe Moves On as US Lets Science Slide

European governments are taking steps to break their dependence on critical scientific data the United States historically made freely available to the world, and...

“Furtuna” from Russian oil

A report by "The Signal Group" highlights that the recent EU sanctions against Nayara Energy, the Indian refining company linked to Russia's Rosneft, are...

Russia’s Ust-Luga Port Orders Vessel Checks After Mystery Blasts

Ust-Luga, Russia’s largest port in the Baltic Sea, is insisting that ships’ hulls are inspected before the vessels are allowed to enter the facility,...

Step it up! Add a touch of Chinese elements to the global high-end yacht industry

China's yachts have been exported to over 100 countries and regions, but profits are mainly concentrated in the processing segment, with limited value-added space. There...

Government may invite fresh bids for Concor, SCI next month

October 12, 2020: The Finance Ministry has decided to speed up the divestment process from this month end, starting with fresh bids for Concor...

Nepal unlikely to become self-reliant in fish, meat and milk

October 12, 2020: The coronavirus pandemic is likely to adversely impact Nepal’s aim to become self-reliant in fish, meat, and milk. Presenting a...

India imposes provisional duty on certain Indonesian steel products to protect domestic industry

October 12, 2020: The government has imposed provisional countervailing duty (CVD) on certain flat stainless steel products from Indonesia to protect domestic steel manufacturers...
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