Skytek presents at Sanctions In Insurance Roundtable.
Skytek hosts their ESA insurance user requirement workshop at Lloyd’s London on emerging space technologies to support sanctions compliance.
Marine Insurance: The First Anniversary of The Ukraine Conflict
On February 21st, 2023, Skytek recorded that 58 ships with an aggregating market value of $440 million remained trapped in Ukrainian seaports. On February 25th, 2023, a year will have elapsed since the seaports of Ukraine have been closed for entry and exit. Under the Institute War & Strikes Clauses (IWSC), owners are entitled to claim a Constructive Total Loss for the 58 vessels.
Odesa & Ukrainian Ports Report – Mariupol
On February 24th, 2022 Russia initiated a military invasion of Ukraine, resulting in the suspension of shipping operations in the Ukraine ports of the Black Sea and the Sea of Azov until further notice.
Kherson Airport Condition Report
Russian military fighting in the city of Kherson on February 24th was pushed North and occupied Kherson International Airport on February 25th, 2022. Satellite imagery acquired on March 15th highlights an increase in Russian military trucks presence and at least 20 helicopters stationed near the runway.
Odesa & Ukrainian Ports Report
Skytek highlighted the vessels that were able to depart the region, just as the Ukraine ports in the Black Sea and the Sea of Azov were closing.
In this report, we go into detail on the vessels that were in the ports of Odesa, Yuzhny, and Mykolaiv.
Sanctions Update – Superyachts
There are more than 100 superyachts that have ties with Russian interests or fly the Russian flag, which may fall under the rapidly increasing sanctions imposed by US – OFAC, UK – OFSI, EU, and other countries. The aggregated value of the Russia connected yachts exceeds US $12Bn. Skytek has mapped the superyachts of the highest value and can provide a full list in detail, recording their location and alerts when calling at a port or country of interest.
Russian Invasion of Ukraine: Black Sea Report
On 15 February 2022 the JWC (Joint War Committee), added Ukrainian and Russian waters in the Black Sea and the Sea of Azov to the HRA (High Risk Areas) through circular JWLA-028.
On 24 February, there were 120 ships moored under cargo operations in Ukrainian ports, with another 60 cargo ships waiting at anchor. The Russian invasion into Ukraine saw vessels in anchorage being immediately instructed to leave the escalated risk area. On the morning of February 24th, the first 24 ships departed anchorage displaying destinations as: “Open Sea” and “For Orders”.
Fire wrecked luxury car ship sinks
The Felicity Ace departed Emspier jetty in Emden, Germany on 09th February 2022 at 1910 UTC after reportedly loading a batch of luxury cars, with a destination of Davisville port, Rhode Island on the East Coast of USA.
On the morning of Wednesday, the 16th, a fire emerged in one of the cargo holds and spread further while the vessel was sailing at about 160Nm west of Ponta Delgada, Portugal.