DA-Desk uses AIS data (the automatic identification system that uses transceivers on ships to monitor vessels positions) to track a vessel's frequency of calls in case a discount or rebate applies.

Against the backdrop of the war in Ukraine, this advisory is intended to provide our customers with a brief roundup update on developments we have seen in the insurance rules and policy coverages of P&I clubs in response to the heightened environment surrounding sanctions.

In partnership with Thetius, our webinar brought together experts in the maritime sanctions and compliance field to explore and discuss the landscape as a whole, and how companies can leverage technology to assist in risk mitigation.

We are excited to announce that PortLog’s time-in-port and cost data is now available in VIP. The integration between PortLog and VIP for dry bulk customers brings PortLog’s exclusive data straight into the heart of the Veson IMOS Platform (VIP), available in the notification pane of the voyage estimator.

15% of voyage expenses can be taken up by port call related costs, therefore having reliable numbers and knowing how these costs are derived is extremely important for decision-making. The cost of calling at a port needs to be as accurate as possible for the chartering team to calculate voyage expenses. How much costs can change depends on different variables which, if carefully assessed, support the risk analysis in taking cargo or not.

Operations Directors should ensure that continuous monitoring programs are in place to keep up to date on the latest sanctions and other regulations.

MarTrust announced that Bourbon Marine Services Greenmar has chosen MarTrust’s E-Wallet solution to digitally transform the way it manages crew payments. Bourbon Marine Services Greenmar is the manning affiliate of the Bourbon Group, one of the world’s leading offshore marine services companies

The maritime industry faces some tough anti-financial crime compliance challenges, including the need to keep up-to-date with potentially thousands of agents around the world, having multiple voyage-associated parties across various jurisdictions and facing the opaque ownership of ships and assets.

Captain Igor Petrenko from EXMAR talks to us about his experience with the MarTrust E-Wallet, which enables him to exchange currencies at a more competitive rate when compared to his bank. In the interview, Captain Petrenko said, “I have been using it for two months already. I installed the app and it has been very user friendly - I like using it.