Persian Gulf: War risks revisited

As a result of increasing tension in the Persian Gulf area following recent attacks on two tankers, War Risk underwriters are charging additional premiums (AP) for calls to the Arabian Gulf/Gulf of Oman. Some underwriters are charging a flat rate for all tonnage operating in the area, while others are differentiating based on the type of tonnage, flag and port of call. AP is typically charged as a percentage of the hull value. Underwriters day top value is at present 1%.

Gulf of Guinea states must act and prosecute suspected pirates

States in the Gulf of Guinea region must take responsibility and step-up prosecution efforts when pirates are apprehended by international navies, following the release of three suspected pirates held in custody on board Danish frigate Esbern Snare.

The Gulf of Guinea Declaration one year on – status report

Just over a year since the launch of the Gulf of Guinea Declaration on Suppression of Piracy, the fight against piracy in the region seems to be progressing well. Here are some of the developments seen over the past 12 months.

BIMCO issues update on Persian Gulf tensions and sanctions clauses

After the killing of General Qassem Soleimani by a US drone in early January 2020, and the following retaliation by Iran, BIMCO is publishing its view of the escalated tension in the Persian Gulf, as well as advice regarding the new sanctions clauses, and encourages owners, operators and charterers to follow the operational and contractual guidance set out in this article.

Increased Security Threats for vessels operating in the Gulf of Guinea

BIMCO, ICS, INTERCARGO, INTERTANKO and OCIMF warns that as the dry season approaches and sea conditions abate, an increase in attacks in the Gulf of Guinea has traditionally been seen, so maritime security risks to vessels operating in the Gulf of Guinea require renewed attention.

Turkey, Izmit - Izmit Gulf

Voluntary Speed Reduction Area in the Gulf of Saint Lawrence, Canada

BIMCO has received information from the Government of Canada concerning the recently issued temporary voluntary speed restriction in the Gulf of Saint Lawrence. The restriction addresses increased risks to the endangered North Atlantic right whales.

Round Table to organise joint meeting on Gulf of Guinea piracy

The Chairpersons of the Round Table of international shipping associations (RT) met in Rome in February to discuss current issues including piracy in the Gulf of Guinea.

Tension in the Gulf: The contractual implications

The recent seizures of an Iraqi oil tanker and a UK flagged ship by Iranian authorities have further increased tensions in the Gulf following earlier attacks on tankers in Fujairah and the Gulf of Oman. But what are the contractual implications for ships operating in the area?

BIMCO calls for continued naval support in Gulf of Guinea after piracy incident

Following the incident in the Gulf of Guinea on 24 November involving the Danish frigate Esbern Snare and a suspected pirate vessel, BIMCO calls on all naval forces in the area to further increase the pressure on piracy groups and hopes a continued naval presence will act as a deterrent.