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SHIPOWNER LIABILITY
Cabinet approves ₹12,980 crore sovereign-backed maritime insurance poolThe Union Cabinet, chaired by Narendra Modi, on Saturday approved a Sovereign Maritime Fund to provide insurance cover for Indian-flagged, ...- Iran-Israel War: The Gulf waters turn riskier as insurers pull the war-risk plugIran-Israel War: Leading maritime insurers have halted war-risk coverage for vessels entering the Persian Gulf, signalling mounting securit...
- Strait of Hormuz must not be allowed to shut down: Indian-American maritime executiveAn Indian-American maritime executive has warned that rising tensions in West Asia after US-Israel strikes on Iran could disrupt shipping t...
- Ship owner asked to pay ₹125 crore for Kerala mishapThe 'MSC ELSA 3' container ship sank off Kerala coast on May 25. Its owner is responsible for pollution clean-up and compensation. The stat...
- Clear up the paper boat trail: Lessons from Kerala coast shipwreckThe MSC ELSA-3 capsized off the Kochi coast, revealing the complexities of global shipping governance. Its fragmented ownership, flag of co...
- Owners of sunken ship given 48 hours to complete extraction of oil leaking into seaAuthorities issued a 48-hour ultimatum to salvors and owners of MSC Elsa 3. The ship sank off the Kerala coast last month. It carried hazar...
- Who will pay for the Baltimore bridge collapse?After the Francis Scott Key Bridge collapse in Baltimore, President Biden pledged the federal government's full funding for rebuilding. Lia...
- With ship now freed, a probe into Suez Canal blockage beginsWhen blame gets assigned, it will likely lead to years of litigation to recoup the costs of repairing the ship, fixing the canal and reimbu...
- Insurers may be on hook for millions tied to Suez Canal crisisThe task of pinning the blame hasn’t been made any easier by the Suez Canal Authority’s rules of navigation. They state that the master of ...
- Specialist salvage teams join efforts to refloat ship stranded in Suez CanalTaiwan's Evergreen Marine Corp said Dutch firm Smit Salvage and Japan's Nippon Salvage had been appointed by the ship's owner and would wor...
- India's ports in chaos as coronavirus lockdown hits operationsAbout $829 billion of goods traveled through India’s ports in 2018, according to data compiled by Bloomberg, the 13th most in the world. Th...
- International Chamber of Shipping welcomes stoppage of EC probe on P&I clubsICS has welcomed the decision by the EC competition directorate to close its investigation into the activities of the International Group o...
- INSA asks EU to continue insurance cover to Indian shipsINSA has mentioned that not providing insurance cover would be against the International Convention on Civil Liability for Oil Pollution Da...
- Piracy pushes ship owners to opt for Cape of Good HopeRising piracy in the Gulf of Aden has prompted some shipowners to change their routes to round the Cape of Good Hope instead, a detour cons...
- Shipping industry to get a leg-up from tax sopsThe domestic shipping industry may soon have a competitive edge in the global market.
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