FD&D Insurance: Policy years 2021/22, 2022/23, 2023/24, 2024/25 and 2025/26 – Supplementary and Release Calls  14 Apr 2025, 1:33 pm

At the Board Meeting in Bangkok on 27 March 2025, the Board of Directors made the following decisions in respect of the open policy years: 2021/2022 To close the policy year with no supplementary call. 2022/2023 To close the policy year with no supplementary call. 2023/2024 To keep the release call at 5%. 2024/2025 To […]

P&I Insurance: Policy years 2021/22, 2022/23, 2023/24, 2024/25 and 2025/26 – Supplementary and Release Calls  14 Apr 2025, 1:33 pm

At the Board Meeting in Bangkok on 27 March 2025, the Board of Directors made the following decisions in respect of the open policy years: 2021/2022 To close the policy year with no supplementary call. 2022/2023 To close the policy year with no supplementary call. 2023/2024 To reduce the release call for this year to […]

The Swedish Club Enhances TELP with New Seasonal Iceberg Advisory 1 Apr 2025, 1:46 pm

Gothenburg, Sweden – The Swedish Club is proud to introduce a new seasonal iceberg and sea ice Advisory feature within its Trade Enabling Loss Prevention (TELP) system. The Iceberg Alert, which has been designed to support vessels navigating through regions where seasonal icebergs and sea ice are prevalent, reinforces the Club’s commitment to maritime safety. […]

Public Statement regarding earthquake in Bangkok 28 Mar 2025, 11:17 am

The Swedish Club is closely monitoring developments in Bangkok following the recent earthquake. Members of The Swedish Club management team and Board members have been in the city this week for Board meetings and all are safe and accounted for. The safety and well-being of our team remain our highest priority. We appreciate the concern […]

The Swedish Club Reports Strong 2024 Results, Bolstered By Member Loyalty and Strategic Focus 27 Mar 2025, 8:08 am

Board meeting Bangkok: 27 March 2025: The Swedish Club has delivered strong results for 2024, posting a USD 34 million profit and significantly increasing free reserves to USD 217 million, up from 184 a year earlier. Robust investment returns — fuelled by rising stock markets and favourable interest rates — played a key role in […]

Update to Circular dated 12 March 2025 regarding the recent sanctions against Russia: EU FAQs related to the Infrastructure Transaction Ban 26 Mar 2025, 4:40 pm

(Article 5ae of Council Regulation EU no. 833/2014) We refer to our Circular dated 12 March 2025 on the 16th package of sanctions against Russia adopted by the EU. We noted in the Circular that the package included Article 5ae of Council Regulation 833/2014 introducing a ban to engage in any transaction with ports listed […]

Carriage of Direct Reduced Iron (DRI) 26 Mar 2025, 3:42 pm

Direct reduced iron (DRI) in various forms is described in the International Maritime Sold Bulk Cargo (IMSBC) Code, (hereinafter, the Code).  The latest addition, which becomes a mandatory part of the Code from January 2025, is the entry for the Type D, by-product fines with a moisture content of at least 2%.  This entry runs over multiple pages and contains large amount of important information and guidance.  In this Circular, the main points of the Type D entry are summarised, and, where appropriate, additional guidance and observational notes have been added. 

Cargo shifted during North Atlantic crossing 25 Mar 2025, 10:24 am

A vessel carrying paper rolls from Canada to Europe encountered significant cargo damage during a winter crossing of the North Atlantic. During loading, stevedores left substantial void spaces between the stacks and inconsistently loaded the rolls in terms of height and width. The Chief Officer raised concerns about the poor loading quality, but the stevedores […]

U.S. Port Fees on Chinese-Built Vessels: Legal Challenges and Market Disruptions 21 Mar 2025, 2:06 pm

Introduction The U.S. government is considering unprecedented port fees on vessels with Chinese ties, imposing charges ranging from $500,000 to $1.5 million per port call on Chinese-built ships and fleets with a Chinese nexus. These measures are the alleged remedies to an investigation which found that China’s dominance in shipbuilding and maritime logistics violated U.S. […]

The Oil Price Cap and EU 16th Sanctions Package – continued requirement for voyage attestations 20 Mar 2025, 2:03 pm

Following the adoption of the EU’s 16th sanctions package on 24 February 2025, as detailed in Council Regulation (EU) 2025/395, there have been significant amendments to Regulation (EU) No 833/2014 concerning restrictive measures in view of Russia’s actions destabilising the situation in Ukraine and in the scope of sanctions in relation to Russian petroleum products.  […]