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Petroleum tanker rates for routes originating in Europe rose to record highs in April 2022 because of geopolitical instability related to Russia’s full-scale invasion of Ukraine and rising marine fuel prices, also known as bunker fuel. Dirty tanker rates for Aframax-sized vessels originating in the Black Sea in southeast Europe increased to $32.10 per metric ...
Distinguished former High Court judge Sir Nigel Teare has been elected to serve as chairman of the Association of Average Adjusters for the year 2022/2023. He was nominated to succeed Michiel Starmans of Amsterdam-based Spliethoff Group as chairman at the annual general meeting in London of Fellows of the Association on May 11, 2022. Sir ...
A warning that the shipping industry will soon face the potential impact on General Average recoveries of tighter rules on emission prevention has been delivered in the chairman’s address to the Association of Average Adjusters. Michiel Starmans (chairman for the 2020-2022 term) called for heightened awareness of what planned new levies under green transition measures ...
The appointments were made following the most recent set of exams, which are open to adjusters, lawyers, brokers and insurers.
May 28, 2021 The owners of the NYK Delphinus have declared General Average after an engine room fire off the coast of California earlier this month. Ocean Network Express, the ship’s operator, confirmed the declaration in a Customer Advisory. The ship is operated on its AL5 service string. The NYK Delphinus contacted U.S. Coast Guard Sector San Francisco watchstanders on the morning of May 14, reporting an engine fire with 24 people on board approximately 50 miles west off the coast of Monterey. The ship was eventually towed to the Port of Oakland, where it remains as of today. There were n...