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Shipping and Logistics Needs Protection from Cyber Threat After Costly Attacks
Following the extremely costly cyber attacks on the Maersk, Clarkson and COSCO operations this year the Baltic and International Maritime Council (BIMCO) has gathered together some heavy hitting stakeholders from the legal and logistics sectors to help in drafting its first ever cyber security clause for the benefit of ship owners and other related freight and shipping interests.
Inga Froysa of chartering specialist Klaveness, Oslo is leading a team which includes Navig8 ship management, marine insurance experts the UK P&I Club and international lawyers HFW. The aim is to produce a clause able to deal with cyber security risks and incidents that might affect the ability of one of the parties to perform their contractual obligations. It will necessitate the parties having plans and procedures in place capable of protecting computer systems and data and of responding immediately to any cyber intrusions.
An affected party will have to inform others immediately to enable them to take counter-measures and it will be drafted to cover a range of stakeholders, not just ship operators but inclusive of a range of third-party service providers, such as brokers and agents. The liability of the parties to each other for claims is limited to an amount agreed during negotiations. A sum of $100,000 will apply if no other amount is inserted.
The range of the clause is twofold, firstly it is aimed at raising the awareness of cyber risks among owners, charterers and brokers. Its main purpose is to ensure contracted parties are prepared for a cyber-incident, have suitable protective and reactive measures and can mitigate any damage swiftly. The new clause is due to be published in May 2019.
In the early stages of development, the drafting team discussed if the clause should also address payment fraud. It was concluded that the risk of this increasingly common fraud is probably best dealt with at a procedural level by companies tightening up their internal payment procedures to require verification of any changes to payment details.
The HFW legal team working on the clause is led by senior associate William MacLachlan and also includes partners Elinor Dautlich and Toby Stephens and associate Henry Clack. William MacLachlan observed:
"As the shipping industry wrestles with how to respond to the cyber threat, this clause aims to lay down a benchmark for cyber security measures and explicitly address the question of liability for a cyber security incident. We are pleased to have been able to support BIMCO, the other members of the drafting sub-committee and the shipping community generally on this important and topical point, and look forward to seeing how it is taken up and implemented by the industry."
IMO condemns sanctions on Iran shipping industry
The managing director of the Ports and Maritime Organization of Iran called the announcement by the International Maritime Organization that Iran's shipping sanctions do not comply with the convention of the International Maritime Organization, an achievement for Iran.
"The International Maritime Organization (IMO) is the main authority of the International Maritime Legislation and the specialized agency of the United Nations. The legitimacy of the Islamic Republic of Iran has been proven in this non-political organization," the managing director of the Ports and Maritime Organization of Iran, Mohammad Rastad said today at the opening ceremony of the 13th International Conference on Coastal, Ports and Marine Structures.
"The restrictions imposed on the Islamic Republic of Iranís shipping industry do not comply with the International Maritime Organization's convention," he said.
"The recommendation of the International Maritime Organization on Iran's Shipping sanctions by US is non-binding, but it emphasized that countries should not engage in acts that lead to discrimination against other countries," he said.
The Trump administration reinstated all sanctions removed under the 2015 nuclear deal, targeting both Iran and states that trade with it.
The final phase of Iran sanctions targets Iran's port operators and shipping and ship-building sectors; petroleum-related transactions; financial transactions and specialized messaging services with the Central Bank of Iran; underwriting and insurance services; and Iran's energy sector.
Clarksons: Siem Books Two More RoRos at FSG
German shipbuilder Flensburger Schiffbau-Gesellschaft (FSG) has secured orders for two additional Roll-on Roll-off (RoRo) ferries from Siem Car Carriers, according to Clarksons Platou Shipbroking report.
The two 4,000 lane meter RoRos are due for delivery in the second half of 2019, Clarksons said.
Vancouver Port Completes Shore Power Project to Reduce GHG Emissions
The Vancouver Fraser Port Authority has completed a project aimed at reducing greenhouse gas emissions by enabling ships to shut down their diesel engines and connect to an electrical grid supplied by renewable energy sources.
For each large ship at berth for 60 hours, over 95 tons of air pollutants and greenhouse emissions will be eliminated from the port through the shore power facility.
Disgruntled Uljanik Workers Resume Strike
Unionized workers of the Croatian struggling shipbuilder Uljanik Group have decided to resume strike on December 2. The new strike wave comes just two weeks after workers decided to suspend strikes at all company facilities.
In line with the decision, the workers have downed their tools but have not yet decided whether they will undertake other industrial measures such as street protests.
NYK Rolls Out Digital Ship Management Platform
The NYK Group has launched a new platform for ship management that would reduce onboard duties and make use of Big Data.
Named NiBiKi, the platform digitalizes applications, approval, and operation workflow within the safety management system.
Ardmore Shipping Concludes Refinancing of Three MR Tankers
Tanker owner and operator Ardmore Shipping has signed binding agreements for the refinancing of three vessels.
As informed, Ardmore has inked agreements for the sale and leaseback of the Ardmore Exporter and Ardmore Seavanguard, two 2014-built 50,000 dwt Eco-design MR tankers.
Scorpio Tankers Reveals Scrubber Investment for 52 Ships
Monaco-based tanker owner and operator Scorpio Tankers has entered into an agreement to purchase exhaust gas cleanings systems for 42 of its vessels in 2019 and for 10 of its vessels in 2020.
The total value of these agreements is estimated to be USD 79.6 million. The systems that are being fitted are of hybrid ready design, which allows them to be upgraded to a closed loop configuration at a future date.
TOP Ships Seals USD 92.5 Mn Sale and Leaseback Deal
Greek shipowner TOP Ships has concluded the USD 92.5 million financial deal for two Suezmax newbuilds under construction at Hyundai Samho Heavy Industries in South Korea. The deal with an undisclosed Chinese leasing company was announced in September this year.
More ports planned but doubts linger
Three international port projects are in the pipeline for Cebu province although it still remains to be seen if these will solve port congestion at the North Reclamation Area in Cebu City.
Handover complete for the Port of Ashburton
Pilbara Ports Authority has added new cargo capacity to its ranks with the final handover of the State s newest port, the Port of Ashburton.
Located 12 kilometres south-west of Onslow, the port s foundation construction was funded by the Chevron-operated Wheatstone Project under a State Development Agreement.
Dammam Port reports 4.9pc rise in goods handled
Dammam-based King Abdulaziz Port achieved an increase in its total goods handled during the third quarter of 2018 by 8 million tonnes, up 4.9 per cent, compared to 7.6 million tonnes during the same period in 2017, said a report.
The port witnessed an increase in the total goods handled as of the beginning of this year until September 2018 by 23.38 million tonnes, up 4.2 per cent compared to 22.43 million tonnes for the same period of 2017, said a Saudi Press Agency report, citing Saudi Ports Authority Mawani .
T di Port New Terminal Project Begins In 2019
IBISTEK Limited will in January, 2019 commence work on the development of the multipurpose terminal at the Takoradi Port.
It followed the signing of a project management contract with Royal Haskoning DHV of the Netherlands for the provision of technical advice and construction supervision in relation to the construction of the one million Twenty-Footer Equivalent Units (TEUs) multipurpose container terminal.
IAPH LNG bunkering audit tool already used to licence operations at Port of Rotterdam
"By 2020, our estimate is that we will have granted nine licenses to LNG bunker providers to operate at the Port of Rotterdam; six of the licenses are already for regular use in port LNG bunker operations to refuel LNG-powered cruise, cargo, tanker and container vessels. Three licenses will be for bunker vessels that will operate on the spot market" commented Cees Boon, Senior Policy Advisor at the Harbourmaster Policy Department of the Port of Rotterdam.