The UK P&I Club have received the following update from local correspondents.
On Monday 14th August 2017, the Central Bank of Yemen issued a circular to all banks in Yemen instructing them to float the local Yemeni currency of Yemeni Rial "YR". The Central Bank of Yemen instructed local banks to use the market rate instead of fixed Central Bank rate. As a result, current exchange rate of YR 250 to the one US Dollar is expected to reach more than YR 370 to the one US Dollar.
Yemeni ports status as of 15th August 2017 as follows:
The UK Club has received the following update from local correspondents, Huatai, regarding administrative penalties imposed on ships that fail to sign SPRO agreements when calling at Chinese ports.
Low sulphur fuel requirements were implemented in all ports within the Yangtze River from 1st September 2017. The UK P&I Club have received the following update from its local correspondents on the issue.
