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Art Wager

Awareness: The Lower Mississippi River - update


... have also been advised by Admiralty Partner Michael Butterworth of Phelps Dunbar that we start seeing river currents of 4-5 knots at 15 feet and currents of 6 knots at towards 17 feet. It is also und...

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Art Wager

Awareness: The Lower Mississippi River - update


... have also been advised by Admiralty Partner Michael Butterworth of Phelps Dunbar that we start seeing river currents of 4-5 knots at 15 feet and currents of 6 knots at towards 17 feet. It is also und...

Art Wager

Awareness: The Lower Mississippi River


Unusually high water levels and strong currents are forecast to last well into April. As a result of large volumes of runoff from melting snow and rainstorms experienced in late February through ear...

Loss of hire due to "stranding"

Letter (a) extends cover in those cases where the vessel has "stranded".  The word "stranded" must be read as synonymous to "grounding".  Thus cover is extended to all cases where the vessel is prevented from moving because it is stuck on the seabed, regardless of whether the vessel drifted ashore or was moving under its own power. The cause of the grounding is immaterial, as long as it is due to a peril covered under the policy, see 2 above, and the exclusions from cover in Chapter 3 do not a...

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El Niño and La Niña phenomena

According to several meteorological services, we have entered into a new El Niño phase.


El Niño and La Niña are opposite phases of what is known as the El Niño-Southern Oscillation (ENSO) cycle. The ENSO cycle is a scientific term that describes the fluctuations in temperature between...

Shanghai, the New Capital of the World


The spring wind is harsh this year, but we are greeted by joy and faith in the future as we cross the Garden Bridge on our way to The Bund – Shanghai’s famous promenade near Huangpu river. Num...

General assessment of the maritime security situation in the Gulf of Guinea, 1st quarter 2016


Offshore attacks in the Gulf of Guinea and off Nigeria have been below the long-term average throughout 2015 with many attacks occurring close to the Niger Delta. For 2015 Risk Intelligence recorded o...

The Visionary Man


Kishore Mahbubani welcomes Network at the Dean’s office of the Lee Kuan Yew School of Public Policy at the National University of Singapore. This is the daily workplace of the former diplomat and...

In twenty years I think it will be very clear that the Asian century will be well underway.
– Kishore Mahbubani

Temporary repairs and extraordinary measures

The phrase "temporary repairs and in connection with extraordinary measures" not only covers the measures which according to Cl. 12-7 and Cl. 12-8 activate the hull insurer's liability, but also a wider range of measures. Under Cl. 16-11, it is not required that the temporary repairs be "necessary", which is a requirement under Cl. 12-7, sub-clause 1. While Cl. 12-7, sub-clause 2 applies only to temporary repair of "the damaged part", no such limitation has been mentioned in Cl. 16-11. Cl. 16-...

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Autonomous shipping concepts


The benefits of automation and autonomy to varying degrees have become self evident in many areas of commercial activity including transportation. Many cities world wide have automated and partially a...

iStockphoto by kylieellway

Yemen and GOA security update


The below provides a security update for the Red Sea area offshore Yemen and the Gulf of Aden. The primary focus for the Red Sea is on a possible escalation in the maritime dimension of the Yemen conf...