26 jun 2019 14 maritime organizations sent a letter to U.S. Coast Guard Commandant Karl Schultz on June 25, the IMO’s annual “Day of the Seafarer.” The letter urges him to raise the issue of jamming and spoofing of GPS and other Global Navigation Satellite System (GNSS) signals at the …
Read More »PERSIAN GULF WAR RISK PREMIUMS SEEN COSTING $500,000 PER OIL SHIPMENT
24 JUN 2019 The cost of insuring Middle East oil shipments is soaring as tensions mount in a region responsible for about a third of all seaborne petroleum. So-called war risk premiums for a standard oil cargo from the Persian Gulf and the tanker hauling it can now cost upwards …
Read More »SUPREME COURT: NO PUNITIVE DAMAGES FOR SEAFARER INJURY CLAIMS
26 jun 2019 On Monday, the U.S. Supreme Court ruled against a seafarer who sought punitive damages from his employer after a hatch blew open and injured his hand, finding that punitive damages – that is, extra money awarded to the plaintiff as an additional punishment for the defendant – …
Read More »WHY WE WILL NEVER SEE FULLY AUTONOMOUS COMMERCIAL SHIPS
25 jun 2019 The world will never see fully autonomous transoceanic commercial cargo ships. In fact, autonomous vessels are likely to operate in only very limited situations. In recent years, the prospect of fully autonomous vessels has become a hot topic for commercial shipping. The same fast-paced advances in technology …
Read More »IMO WARNS SHIPPING INDUSTRY OF FAKE PIRACY REPORTS
25 JUN 2019 The International Maritime Organization warns that alerts being issued from the email account of the Regional Maritime Information Sharing Centre (REMISC) in Sana’a, Yemen (infoex@remisc.org) are not legitimate. Given the current situation in Yemen, which is in the midst of a civil war, the center has not been able to provide updated …
Read More »WTO: G20 TRADE RESTRICTIONS HISTORICALLY HIGH
24 JUN 2019 The WTO’s 21st Monitoring Report on G20 trade measures issued on June 24 shows a continuation of record high trade restrictions. The trade coverage of new import-restrictive measures introduced during the period (October 2018 to May 2019) was more than 3.5 times the average since May 2012 …
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