Loss Prevention Advice
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An Indian navy warship has intercepted the hijacked cargo ship Ruen and demanded the Somali pirates on board surrender, a navy spokesperson said on Saturday.
The pirates who allegedly hijacked the Maltese-flagged bulk cargo vessel on Dec. 14 opened fire on the navy ship in international waters.
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Policy Year 2023/24 - Annual Attestations of Price Cap compliance
As per the a circular of 23 February 2023, Shipowners potentially involved in the carriage of Russian origin oil and/or petroleum products are required for the policy year 23/24 to submit an annual attestation of Price Cap compliance in the form set out in annex A of the circular. Cover for claims arising out voyages connected with the carriage of Russian origin cargo may be unavailable until the Club has received such attestation.
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SEASONAL CARGOES
In the upcoming months, shipowners and masters are reminded of the anticipated surge in seaborne trade volumes, attributed to the seasonality of Brazilian soybean, wheat and fertiliser. This article aims to shed light on the expected increase in shipping activities and directs shipowners and masters to informative articles previously published by the Club, offering insights into the issues and precautions required for the carriage of these specific cargoes.
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The Philippines is one of the largest exporters of nickel ore. Concerns have been voiced by various industry bodies regarding the reliability of cargo declarations, certificates of Transportable Moisture Limit (TML), and Moisture Content (MC), for nickel ore cargoes originating from the Philippines.