Accidental (minor?) grounding… A New York-listed MR tanker owner posted a sizeable loss in the first quarter of 2022, mainly because of the accidental grounding of one of their tankers and the consequent loss of her earnings for more than 40 days. combined with higher operational costs, lower average rates
War, civil war… act of piracy… kidnap and ransom… abduction of persons on board… An offshore support vessel was boarded by armed pirates in the Gulf of Mexico and crew and staff took shelter to avoid kidnapping. The pirates, frustrated, looted the ship and took many autonomous breath devices, communications’ equipment
Collision, Grounding, stranding, contact with any fixed or floating object… During a mooring manoeuvre, a water tanker struck a berthed general cargo ship. Although the tanker sustained little or no damages following the contact, the other ship sustained hull breaches in fuel tank area, and an oil leak was reported.
“Tit for tat” (suite) … still not funny Following Iran’s confiscation of two Greek owned tankers as retaliation to seizure by Greek authorities of a Russia-flagged Suezmax tanker in Greek waters, Greece’s shipping ministry has advised the country’s ships to avoid Iranian territorial waters when crossing the Persian Gulf, Strait of
“Tit for tat” ... but not funny (first) In retaliation to the confiscation of an Iran flagged tanker by US and Greek authorities, Iran boarded and seized two Greek crude oil tankers in the Persian Gulf, for alleged violation of maritime regulations. No specific details were mentioned in the various media.
Collision with another ship… or alliding with any fixed or floating object other than another ship… A 59-meter luxury yacht collided with a bridge in the Pisa Canal, Italy. The yacht had been ongoing a refit and was seriously damaged by the collision. According to available sources, the yacht tried
Smuggling of Drugs, Contraband etc… The Captain of a bulk carrier, arrived from a Chinese port, was arrested by Australian local authorities and charged with drug smuggling after packages filled with cocaine were thrown overboard, for a small boat to pick up. A forensic examination of the captain’s mobile
For Your Benefit! To mainstream and to Not mainstream? Yes! (2 / 2) So, whilst mainstream covers will protect the state of your ship or her liabilities at the time of an incident, “not mainstream” will help with the really unexpected, i.e.: the riskiest. “Not mainstream”, therefore, is not
For Your Benefit! To mainstream and to Not mainstream? Yes! (1 / 2) It takes mainstream experts to know how mainstream can still leave an owner with many potentially painful exposures despite providing hugely valuable protection. Is that a fair statement? We think so. A shipowner will seldom
Key facts 2022 A review of Nordic Marine Insurance’s core values and key facts for the 10-year milestone that is 2022! Nordic Marine Insurance was founded in 2012 and approved by the Swedish FSA as per the Solvency II regulations in Europe as well as an approved Lloyd’s Cover Holder the
