As Members may already be aware from various press reports, a power failure has occurred in Richards Bay, apparently after electrical cables supplying power from uMhlatuze municipality failed last Friday 31 January. The power failure has stopped operations at Richards Bay Coal Terminal (“RBCT”), but it is expected that RBCT will be operational again by Sunday 9 February 2014.
News Alerts
We issue News and other Alerts to keep members posted about developments at the Club and other industry news. Please see our latest Alerts below.
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7 February 2014
29 January 2014
Members will be aware of the recent suspension of sanctions measures relating to certain trades with Iran for a six month period between 20 January 2014 and 20 July 2014 (click here for the News Alert of 21 January 2014 for further details). The International Group has been continuing to engage with the relevant US and EU regulators to clarify the intended operation of the suspension of sanctions in relation to the provision of insurance.
21 January 2014
Members will already be aware, from the Club’s previous News Alert dated 29 November 2013 (click here), of the Geneva Joint Plan of Action (JPoA) reached between the P5+1 nations and Iran to provide an easing of some sanctions in exchange for significant concessions by Iran in relation to its nuclear enrichment program.
9 January 2014
Members will already be aware of the Indonesian Regulation banning the export of unrefined mineral ores (“the Regulation” - click here for the News Alert of 3 May 2012 for further details).
8 January 2014
Members will already be aware of Regulations of the People’s Republic of China (“PRC”) in respect of the Prevention and Control of Marine Pollution from Ships as outlined in the Club’s previous publications (click here). In order to aid Members in understanding and adhering to the amended Regulations, the International Group of P&I Clubs have now updated their “Frequently Asked Questions” (“FAQs”) in respect of the PRC’s Pollution Regulations.
23 December 2013
As Members may already be aware from various press reports, the Indonesian government has passed a law that bans the export of unrefined mineral ores, to take effect from 12 January 2014. Members may recall that Indonesia has previously tried to ban exports of unrefined ores, as reported in the Club's News Alert of 3 May 2012 (click here).
18 December 2013
Members will already be aware of the fire at Copersucar Sugar Terminal in Santos a few months ago, as reported in the Club's News Alert of 24 October 2013 (click here). The Club has recently received reports that cargoes of distressed sugar are being offered for carriage to a refining company in the Middle East. A significant proportion of the distressed sugar is reported to be very wet, due to the fire fighting measures.
29 November 2013
Members will be aware of the recent Geneva Agreement between the P5+1 (the United States, United Kingdom, Germany, France, Russia, and China, facilitated by the European Union) and Iran, that has been widely reported in the international press. The Agreement is an interim one that will remain in force for the next six months.
26 November 2013
Members calling at South Korean ports after a call at Japanese ports should be aware of guidance that has recently been issued by the South Korean Ministry of Oceans and Fisheries. The Correspondent in South Korea, Spark International, reports that guidance has been issued by the Port Management Division in order to protect the South Korean coast and waters from the spread of polluted water from sources close to the damaged Fukushima Daiichi nuclear power plant in Japan.
24 October 2013
As Members may already be aware from various press reports, a fire has occurred at Terminal Acucareiro Copersucar (“TAC”) (Copersucar Sugar Terminal) in Santos, Brazil. Whilst a full assessment of the losses has yet to be made, the international press is reporting that the fire has destroyed approximately 180,000 tonnes of sugar and, based on current assessment, there is no expectation that TAC will be operational for at least six months.