Following the release of today's Construction PMI figures, Phil Harris, Director at BLP Insurance, comments on the sector: "After skirting precariously close to the abyss, the construction sector has fallen into contraction (49.5) for the first time since March 2018. The main symptoms are a fear of a potential Brexit cliff face, lethargic commercial activity and major concerns about the long-term viability of Help to Buy.
In this edition of UK Defence Club's "Sulphur Series", the Club looks in more detail at the practical steps that will need to be taken in order to prepare ships without scrubbers for the switchover to low sulphur fuel on 1st January, 2020. The Club also considers how the allocation of responsibilities and costs related to such steps might be dealt with contractually.
Following the introduction in 2018 of new biofouling regulations for ships visiting New Zealand, Intertanko have now issued practical guidance to owners which addresses and clarifies some of the issues relating to the new requirements.
The UK P&I Club, a leading provider of P&I insurance and other services to the international shipping community, has announced an initial shortlist of ten finalists for its 'Investing in a Safer Tomorrow' global maritime competition which coincides with the Club's 150th anniversary.
On 28th January, 2019, the US issued sanctions against Petróleos de Venezuela, S.A. (PdVSA). Under Executive Order (EO) 13857 the US Department of the Treasury's Office of Foreign Assets Control (OFAC) included PdVSA as part of the "Government of Venezuela".
International Transport Intermediaries Club (ITIC) has produced an e-learning video for ship agents on the use of 'switch bills of lading', a second sets of bills used as a substitute for the original bills of lading issued at time of shipment.