News

Following the failure of talks between government representatives and the teachers’ union, the teachers’ strike which started one month ago today, continues as tensions deepen throughout Guinea.

The Marseille-Fos Ship Agents’ Association (AACN) has issued a fake invoice alert to all its Members.

Australia and Indonesia’s neighbour, East Timor, have just signed a new maritime boundary agreement which sets the Timor Sea boundary on the median line between the two countries, giving East Timor sovereignty over a much larger share of the Greater Sunrise oil and gas field than Australia’s preferred option of a maritime seabed border on the edge of Australia’s continental shelf, a mere 50 nautical miles from East Timor’s coast.

Following our web news of 15 February, it has been reported that implementation of the Indonesian Ministry of Trade’s Regulation 82/2017 is to be postponed for one year.

As reported in the press, the Indonesian Ministry of Trade’s Regulation no. 82/2017 on the Utilisation of Indonesian Sea Carriage and Insurance for Export of Certain Goods will come into effect from 31 April 2018.

​In a tense post municipal election context, Fode Mario Camara, Director of Budd’s Guinea office advises that the general teacher’s strike which started today (12 February 2018) could potentially lead to further violence and rioting in Conakry.

We would like to bring the attention of all Clubs and Members to the attached port circular stressing the importance of respecting certain stowaway prevention regulations in Dakar.

In Kinshasa and a number of other towns in DR Congo, peaceful protest marches were organised by the Committee of the Catholic Laity (CLC) on Sunday, 21 January 2018, with the aim of encouraging President Kabila to hold the general elections which have been under discussion since his mandate officially ended at the end of 2016.

Happy New Year from all at the Budd Group. Wishing all our clients and friends a prosperous and successful 2018!

We are looking forward to exciting new opportunities this year and to continuing to serve the maritime community as Correspondents to the world’s leading insurers and their insured.

The volcanic eruption of Mount Agung in Bali caused considerable disruption in the area due to the cloud of volcanic ash which reached as high as 3 km above the summit.