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News and knowledge

Latest updates

News items in 2019

Date Title

14 Aug 2019

Press Article: Viewpoint: Managing the broad scope of war risk

War risks can range across several different covers and both shipowners and underwriters need to ensure they are not unwittingly exposed.

14 Aug 2019

Press Article: Wreck removal and the challenges of CTLs

Rebecca Hamra, Claims Director, reports on the troubles encountered with recycling a ship that is a constructive total loss to Maritime Risk International.

9 Aug 2019

Web Alert: Wind down period ends on US sanctions against Iran’s metal industries

On 8 May 2019 President Trump issued Executive Order (EO) 13871 which imposed broad sanctions on Iran’s iron, steel, aluminium and copper sectors, as they are the regime’s largest non-petroleum-based source of export revenue. It also imposed sanctions against those who engaged in transactions which supported these sectors.

9 Aug 2019

Web Alert: US increase sanctions on Venezuela (Executive Order 13884)

On 5 August 2019 the US issued Executive Order (EO) 13884, entitled 'Blocking Property of the Government of Venezuela' which blocks the assets of the Government of Venezuela in the US or in the possession and control of any US person.

8 Aug 2019

Web Alert: 46 countries signed Singapore convention on mediation

On 7 August 2019, a new United Nations (UN) treaty, the UN Convention on International Settlement Agreements Resulting from Mediation (the Singapore Convention on Mediation) was open for signature at a ceremony at the Shangri-La Hotel, Singapore. Singapore became the first among 46 countries including China, India and the USA to sign the treaty which will come into force at a later date.

7 Aug 2019

Web Alert: Ecological inspections temporarily halted in the Ukraine

Our correspondent Dias Marine Consulting reports that the Ukrainian president has commissioned the Head of the Ukraine Sea Ports Authority to stop State Ecological Inspection attending vessels in Ukrainian ports pending a review of their activities.

6 Aug 2019

Web Alert: Temporary Agreement for Strait of Hormuz issued by Warlike Operations Area Committee

Further to the club’s previous web alerts, the Warlike Operations Area Committee (WOAC) has temporarily designated the Strait of Hormuz as a high-risk area from 2 August.

29 Jul 2019

Web Alert: PSC CIC by Tokyo & Paris MOU on Emergency Systems & Procedures

Members are advised that the Tokyo and Paris Memoranda of Understanding (MoU) have issued a joint press release confirming that they will be launching a Concentrated Inspection Campaign (CIC) on the Emergency Systems and Procedures.

26 Jul 2019

Web Alert: Compliance with ISPM 15

The club has come across a few cases where the ships on a voyage from South Africa to the USA were refused entry in the port on the grounds of non-compliance of wood packaging materials with the ISPM15. The financial losses arising from such non-compliance and refusal of entry were substantial.

23 Jul 2019

Web Alert: Assisting vessels in distress in the Mediterranean in light of recent developments

With the calmer, summer seas of the Mediterranean, conditions are more favourable for migrants to depart Libya in unseaworthy vessels with the hope of reaching Europe. Commercial vessels transiting the waters around Libya, Tunisia and Malta are likely to receive a distress call from these vessels or be requested by the Coast Guard of any of those States to assist.

23 Jul 2019

Web Alert: Piraeus office reopened

Following the earthquake which took place in Athens on Friday, we are pleased to inform brokers and members that the office has been reopened and business is as usual.

22 Jul 2019

Press Article: Working for a safer industry

Caitlin Kelly of Seaways, the international journal of The Nautical Institute, talks to Capt. Yves Vandenborn AFNI, Director of Loss Prevention at The Standard Club about his experience at sea and career ashore.

22 Jul 2019

Web Alert: Industry release reporting guidance for vessels transiting the Arabian Gulf, Straits of Hormuz and Gulf of Oman

Further to the club’s web alert on 17 June and article on 19 July, the industry has issued the following reporting guidance for vessels transiting the Arabian Gulf, Straits of Hormuz and Gulf of Oman.

19 Jul 2019

Press Article: IMO 2020 the risks facing those that insure tankers

David Roberts, managing director of Charles Taylor Mutual Management (Asia), which manages The Standard Club Asia Ltd, discusses the risks facing tanker insurers from IMO 2020.

19 Jul 2019

Web Alert: Grounded bulker in the Martín García channel

A laden handy size bulker is reported as grounded since Tuesday in the Martín García channel, located between Uruguay and Argentina in the northern part of the Rio de la Plata estuary.

19 Jul 2019

Article: Tanker attacks in Fujairah and Gulf of Oman

In light of the recent attacks on tankers in Fujairah and the Gulf of Oman, and rising tensions in the area generally, the club has issued the following guidance which discusses club cover, risk mitigation and legal implications on contractual issues that members may face.

19 Jul 2019

Web Alert: Ebola update

The WHO Director General accepted the Emergency Committee’s proposal and on the 17 July 2019, declared the Ebola outbreak in the Democratic Republic of the Congo (DRC) a Public Health Emergency of International Concern.

18 Jul 2019

Article: IMO 2020 - Bunker tank cleaning and preparation to receive compliant fuel

Members who have chosen to achieve compliance with the regulations by using low sulphur fuel oil, will need to start preparatory and precautionary steps several months ahead of the regulatory enforcement date.

12 Jul 2019

Press Article: Time to put some real thrills into shipboard drills

Capt. Yves Vandenborn highlights the seriousness of overlooking safety drills, which is commonplace on ships, and explains why they should not be gentle reminders of procedure, but instead truly memorable and engaging learning experiences.

12 Jul 2019

Article: Hire Suspended for Vessel Seized by Pirates

The Commercial Court dismissed a shipowners' claim for hire exceeding USD 4.5 million for the period that the vessel 'Eleni P' was seized and detained by Somali pirates in the Arabian sea. In this decision the court applied fundamental principles of contractual construction in a time charter context.