The International Union of Marine Insurance (IUMI) has released its 2019 statistical report, IUMI Stats, noting that while the market seems to have bottomed out in 2019, major losses are beginning to return.
There were nine major cargo vessel fires in 2019 which resulted in loss of life, injury and environmental damage. These fires had a strong economic impact, causing high costs to both the hull and cargo sectors. Recent statistics from the Nordic Association of Marine Insurers (Cefor) show that the larger vessels are most Continue reading “Global marine insurance market 2019 analysis published by IUMI”
There are six different ways in which ships move in the sea, primarily pitching, heaving and rolling. 
The Ballast Water Management Convention amendments formalizing the implementation schedule for the D-2 standard have entered into force on October 13.
Nuclear powered ships as a fuel are completely zero-emission solution – it does not emit any SOx, NOx, CO2 or particulates. The technology is also millions of times more power-dense than fossil fuels and alternative fuel options that are currently being considered like methanol, ammonia and hydrogen. In terms of meeting the IMO’s 2050 greenhouse gas (GHG) reduction ambition, it’s the only proven solution available today, capable of replacing fossil fuels in all marine applications.
The amendments to SOLAS regulations III/3 and III/20, introducing mandatory new requirements for the maintenance and inspection of lifeboats and rescue boats, are entering into force on 1 January 2020, to ensure safety of life-saving appliances and equipment.
The second Safety Digest of the year, edition 2/2019, has been published by the Marine Accident Investigation Branch (MAIB). It features the outcome of 25 incidents and accidents in digest format presented in a 71 page pdf which can be downloaded (see below).