Seafarers Happiness Index (SHI) Quarter 1 2022 results kickstarts the year, but seafarers are off to a rocky start. At an overall average score of 5.85/10, down from 6.41 in Q4 2021, it is the lowest level of satisfaction across 8 years of reporting. This is also the second time that happiness levels across all .
WHAT ARE THE POSEIDON PRINCIPLES FOR MARINE INSURANCE? The Poseidon Principles for Marine Insurance (the “Principles”) were officially launched in December 2021, initially supported by Swiss Re, Gard, Hellenic Hull Management, SCOR, Victor International and Norwegian Hull Club. In March 2022, Fidelis Insurance became the first company from the London market to join the group. .
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The impact is deeply felt by Ukrainian and Russian seafarers, who make up 10.5% and 4% of seafarers respectively (BIMCO, 2021). Seafarers and their families are directly caught up in the war, facing serious danger and hardship. Those onboard vessels are deeply concerned about their families especially when contact is lost and there is no .
Euronav NV reported its final financial results today for the full year to 31 December 2021. The return of oil consumption at a global scale was going to be a key driver to freight market recovery in 2021. When COVID vaccinations started being administered throughout the world, this recovery seemed to be imminent. Unfortunately, this .