Monthly web news: April 2019
In April 2019 we reported the following.
P&I Insurance: Supplementary and Release Calls - Policy years 2016-2019
1 April - At the meeting in March 2019 the Board of Directors made the following decisions in respect of the open policy years.
FD&D Insurance: Supplementary and Release Calls - Policy years 2016-2019
1 April - The following decisions regarding the FD&D insurance in respect of the open policy years were made at the meeting in March 2019 by the Board of Directors.
MSS Case April: Crack in cargo hold cover caused wet damage
2 April - In the Monthly Safety Scenario (MSS) case of April cargo was damaged on a bulk carrier after days of heavy weather when sailing otside the coast of South America. Read more about how and why this happened in this months' case.
Focus on money laundering in the ICC newsletter
2 April - In the Commercial Crime International (CCI) April newsletter FBI provides insight on money laundering and some current cases are being highlighted.
Latest flag state performance
3 April - Find out which flags that are listed as ‘top of class’ according to the International Chamber of Shipping. The latest bulletin from International Maritime Bureau (IMB) presents the recently released flag state performance table.
US government sanctions companies trading with Venezuelan oil
8 April - On 5 April 2019 the US State department advised they have sanctioned two companies operating in the Venezuelan oil sector.
US designate more shipowners for trading with Venezuelan oil
22 April - The Club refer to its Member Alert of 8 April regarding US designation of a non-US shipowner for having been engaged in shipping petroleum products for PDVSA.
Iran - Significant reduction exemptions
23 April - On Sunday 22 April US authorities announced that the United States will not issue any additional Significant Reduction Exceptions (SRE) to existing importers of Iranian oil.
Decrease in piracy reports according to IMB
24 April - There was a clear decrease in incidents of piracy during the first quarter of 2019, compared to the same period last year. This according to the report in International Maritime Bureau’s latest confidential bulletin.
USCG Port State Control Annual Report for 2018
24 April - The United States Coast Guard’s Office of Commercial Vessel Compliance has released its 2018 annual report over US port state controls.
The Swedish Club - continuing to deliver excellence in a challenging market
8 April - At the first quarter 2019 Board meeting, The Swedish Club reported that it had continued to deliver robust underwriting performance and preserve strong capital adequacy in 2018, amid challenging market conditions. A combined ratio of 99% was achieved.
The Shipping Podcast: Pia Meling at Massterly about autonomous shipping
12 April - Meet Pia Meling, Vice President, Sales & Marketing at Massterly AS. She talks about the joint venture of Norwegian Kongsberg and Wilhelmsen, which is all about autonomous shipping.
Out & About
Valued members and business associates at the Hong Kong cocktail reception
8 April - Following The Swedish Club's Board meeting in Hong Kong in March 2019, a cocktail reception was held at the Four Seasons Hotel.
Great Club get-together in Germany
16 April - In April, two frequented Club events were held in Bremen and Hamburg. Approximately 80 shipowners, brokers and associates gathered in sunny Germany.