Lynceus Project: How technology is coming to the rescue of the cruise industry when Abandoning Ships

(http://www.MaritimeCyprus.com) The cruise industry is booming, with more than 25 million passengers expected to be carried worldwide in 2019. But with the increase in numbers comes an increase in risk. When the Italian cruise ship Costa Concordia ran aground off Tuscany in January 2012, 32 people died in the resulting chaos. The size of cruise ships, like the cruise…

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War risk insurance costs rise for Mideast-bound tankers

(http://www.MaritimeCyprus.com) Oil tanker owners face spiraling insurance costs to load cargoes from the world’s largest crude-export region after the latest round of attacks on vessels. War risk insurance is a type of insurance which covers damage due to acts of war, including invasion, insurrection, rebellion and hijacking. War risk premiums that owners pay each time they go to the…

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Paris MOU – 2018 performance lists for Flag states and Recognized Organizations (ROs).

(http://www.MaritimeCyprus.com) At its 52nd meeting last month, the Paris MoU Committee approved the 2018 inspection results and adopted new performance lists for flags and Recognized Organizations (ROs). These lists will take effect from 1 July 2019. The “White, Grey and Black List” presents the full spectrum, from quality flags to flags with a poor performance…

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International Chamber of Shipping (ICS) publishes its Annual Review 2019

(http://www.MaritimeCyprus.com) The International Chamber of Shipping (ICS) is the principal global trade association for shipowners, concerned with all regulatory, operational and legal issues, as well as employment affairs. The membership of ICS comprises national shipowners’ associations representing all sectors and trades from 37 countries, covering more than 80% of the world merchant fleet. ICS Chairman,…

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