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The Poseidon Principles Disclosure Report is good, but the disclosure could have been better
In December 2020, the signatories of the Poseidon Principles—currently twenty large banks—released their first Annual Disclosure Report. As the first…
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Cyber risks
Cyber security is also a risk to the maritime industry. There are several examples over the past few years where…
Fixed premium P&I covers reinsured outside the International Group’s Pooling Agreement – special extension of cover for Covid-19 risks
We refer to Member Circular No. 15/2020 regarding the amendments to the Rules for 2021. To harmonize standard terms of…
Diana Shipping Inc. Announces Increase in Tender Offer Price for its Shares of Common Stock and Extension of Expiration Date
Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, announced that it is amending…
Globus Maritime Announces New Charter for the M/V Star Globe
Globus Maritime Limited (the “Company” or “Globus”) (NASDAQ: GLBS), a dry bulk shipping company, announced today that it has secured…
Ship insurers primed to raise rates after Red Sea attacks
Insurers are set to raise the cost of providing cover for merchant ships through the Red Sea after a series…
KSOE Bags Orders Worth 1.3 Tril. Won in One Week
A 318,000-ton VLCC built by Hyundai Heavy Industries is in test operations. Korea Shipbuilding & Offshore Engineering (KSOE), a holding…
