Archive for the ‘Marine Insurance’ Category

North P&I Club reports an increase of US$20m in free reserves and a rise of 5m in Gross Tonnage

North P&I Club reports an increase of US$20m in free reserves and a rise of 5m in Gross Tonnage
Pratap Shirke May 24, 2018 – Leading global marine insurer North P&I Club has announced its annual results, confirming a 4.6% increase (US$20 million) in free reserves to US$451 million, a 2.6% (5M GT) rise in total entered tonnage to 195M GT, and a combined ratio of 104% for the year ended...
May 24th, 2018 | Company Profiles, News, P and I Clubs | Read More

Lloyd’s Register Safety Accelerator partners with Plug and Play to solve the world’s toughest safety and risk challenges

Lloyd’s Register Safety Accelerator partners with Plug and Play to solve the world’s toughest safety and risk challenges
Lloyd’s Register’s HQ’s London, 23 May 2018 – The Lloyd’s Register Safety Accelerator – established to solve some of the toughest safety and risk challenges by creating, facilitating and guiding collaboration between innovative technology companies and industry – has...
May 23rd, 2018 | Charity, Classification Societies, News, Safety and Security, Technology | Read More

Stephenson Harwood secures landmark supreme court judgement

Stephenson Harwood secures landmark supreme court judgement
Simon Moore Law firm Stephenson Harwood LLP has advised the insurers of vessel B Atlantic – who were led by Navigators, Travellers and Aegis – on a dispute with Atlasnavios – Navegacao Lda. The dispute related to whether the insurers were able to decline cover under a war risks policy in respect...
May 22nd, 2018 | Legal, Marine Insurance | Read More

Naval Dome welcomes Siemens’ charter of trust initiative

Naval Dome welcomes Siemens’ charter of trust initiative
Itai Sela Naval Dome, the maritime cyber security system provider, has welcomed the Charter of Trust initiative implemented by German technology group Siemens and which has since welcomed a “who’s who” of global technology companies and brands. The Charter looks to address the cyber security challenges...
May 21st, 2018 | Safety and Security | Read More

Sulphur Cap Chaos in 2020 Warn World’s Shipowners

Sulphur Cap Chaos in 2020 Warn World’s Shipowners
Esben Poulsson The International Chamber of Shipping (ICS) fears ‘chaos and confusion’ unless the UN International Maritime Organization (IMO) urgently resolves some serious issues concerning the successful implementation of the 0.5 percent sulphur in marine fuel cap, which is scheduled to come into...
May 21st, 2018 | Associations, Breaking News, Emissions, Environment, Health and Safety, International Chamber of Shipping, Pollution | Read More

The BDI@ 1,273… Geopolitics going bung…

The BDI@ 1,273… Geopolitics going bung…
John Faraclas The BDI (Baltic Dry Index) fell 32 points since yesterday and 199 since the 11 of May. CAUTION.  John Faraclas’ market briefing: The Capes lost 53 points with the BCI now at 2,053 – might go even below the 2,000 point threshold. On a weekly basis the loss was even worse: 577 points! The...
May 18th, 2018 | Chartering, Dry Bulkcarriers, Events, Markets, News, Oil Industry, P and I Clubs, Reports, Shipping Indices, Statistics, Stock Markets, Tankers | Read More

2018 Financial Statements – Britannia declares another USD20m capital distribution to Members

2018 Financial Statements – Britannia declares another USD20m capital distribution to Members
Highlights: Britannia reports another strong financial performance, with an aggregate USD80.6m post-tax surplus for the year. The Board approves a further USD20m capital distribution, to be paid to P&I mutual Members with ships on risk as at midnight 15 May 2018. Members have now benefited from...
May 18th, 2018 | Company Profiles, P and I Clubs | Read More

Greek Shipping Leading the Way

Greek Shipping Leading the Way
Tony Allen, Director (Greece), North P&I Club Greek Shipping Leading the Way By Tony Allen, Director (Greece), North P&I Club It is nearly a decade since the global crisis began and Greek shipping has proven its ability to weather the storm. With freight rates improving a little at least in some...
May 17th, 2018 | Company Profiles, Events, Exhibitions, Featured, Marine Insurance, News, P and I Clubs, Person Profiles | Read More

SAFETY4SEA Masterclass addresses top issues towards cyber hygiene for the industry

SAFETY4SEA Masterclass addresses top issues towards cyber hygiene for the industry
… The SAFETY4SEA Cyber Masterclass successfully concluded on 16th of May at the Bookcastle of the National Library at Stavros Niarchos Foundation Cultural Center (SNFCC) attracting 240 delegates from a total of 125 organizations. CYBER SECURITY | 16/05/18 The pace of overall technology development...
May 16th, 2018 | Events, Conferences,Forums and Symposiums, Safety and Security | Read More

‘Who are the crew?’ and ‘what are wages?’…

‘Who are the crew?’ and ‘what are wages?’…
Willum Richards, chairman of the Association of Average Adjusters ‘Who are the crew?’ and ‘what are wages?’ are just some of the areas of marine claims ‘shaded in grey’ says chairman of the Association of Average Adjusters Willum Richards Insurance market leaders have been urged to apply...
May 16th, 2018 | Associations, Conferences, Seminars, Forums, Marine Insurance | Read More

The BHSI clinches a point; all other indices dive…

The BHSI clinches a point; all other indices dive…
John Faraclas The BDI fell eight points and now stands at 1,468; the Geopolitics will soon bring-in the worse tsunami never ever imagined in your wildest dreams. John Faraclas’ brief market and geopolitics recap: The  Capes’ BCI was down  33 points and now reads 2,602 points… Let’s see the...
May 15th, 2018 | Chartering, Civil Unrest, Dry Bulkcarriers, Markets, Military, News, Reports, Shipping Indices, Stock Markets, Tenders | Read More

On the wave 2018: Iran – Sanctions – Back to the future?

On the wave 2018:  Iran – Sanctions – Back to the future?
.. Iran – Sanctions – Back to the future? On 8 May 2018, President Trump announced his decision to withdraw the United States from the Join Comprehensive Plan of Action (JCPOA) and to impose once again on Iran several sanctions which were lifted in January 2016 under the JCPOA. This is a significant...
May 15th, 2018 | Legal, Sanctions | Read More

Low, unsustainable and volatile markets …and Peace lost the chance

Low, unsustainable and volatile markets …and Peace lost the chance
John Faraclas The BDI (Baltic Dry Index) “managed” to clinch just four points since yesterday and now reads 1,496… The Geopolitical situation and conversely Peace – given what happened in the Middle East and particularly in the borders of Israel and Gaza, has spectacularly failed, “thanks”...
May 14th, 2018 | Chartering, Civil Unrest, Conferences, Seminars, Forums, Dry Bulkcarriers, Health and Safety, London Shipping Law Centre, Markets, News, Reports, Safety and Security, Ship Finance, Shipping Indices, Tenders | Read More

Paris MoU agrees to focus on prevention of Air Pollution from ships

Paris MoU agrees to focus on prevention of Air Pollution from ships
Richard Schiferli The Paris Memorandum of Understanding on Port State Control (Paris MoU) held its 51st Committee meeting in Cascais, Portugal, from the 7-11 May 2018, chaired by Mr. Brian Hogan. Anticipating the new maximum limits for sulphur in ships fuel oil, entering into force on 1 January 2020,...
May 14th, 2018 | Associations, Safety and Security | Read More

Human Rights in Japan…

Human Rights in Japan…
Dr Sanae Fujita. Human Rights in Japan: Freedom of Expression, the Media and the Constitutional Amendment By James Brewer Fundamental freedoms are at risk in Japan, the world’s third largest economy, a meeting in London heard. Draft revisions to the constitution prepared by the ruling Liberal Democratic...
May 13th, 2018 | Conferences, Seminars, Forums, Health and Safety, Insight, Safety and Security | Read More

And then come the …Capes, yet “again”…

And then come the …Capes, yet “again”…
John Faraclas The BDI (Baltic Dry Index) closed earlier on today up, yes up 19 points at 1,472, thanks – once again, to the predictably unpredictable and volatile Capes. It was also up 92 points since the 4th of May (from 1,384). The Geopolitics, as we have warned you, get worse at a faster pace...
May 11th, 2018 | Chartering, Dry Bulkcarriers, Markets, Military, News, Piracy and Terrorism, Reports, Sanctions, Shipping Indices, Statistics, Stock Markets, Tankers | Read More

Eleventh Circuit affirms District Court decision in OW Bunker Case, awarding physical supplier the fair value of the delivered fuel

Eleventh Circuit affirms District Court decision in OW Bunker Case, awarding physical supplier the fair value of the delivered fuel
In an order issued yesterday (May 10, 2018), the United States Court of Appeals for the Eleventh Circuit affirmed a decision from the Northern District of Florida in Martin Energy Services, LLC v. M/V Bravante IX et al., No. 17-10899, awarding Martin Energy Services, LLC (“Martin”), a physical supplier...
May 11th, 2018 | Bunkering, Disputes, Legal | Read More

Jeddah workshop aims to ensure safe and secure regional waters

Jeddah workshop aims to ensure safe and secure regional waters
… Signatory States to an agreement aimed at repressing piracy, armed robbery and illicit maritime activity in the western Indian Ocean and the Gulf of Aden Area have agreed that building response capability and information sharing are vital steps towards achieving a more safe and secure maritime...
May 11th, 2018 | IMO, Organisations, Piracy and Terrorism, Safety and Security | Read More

How to beat stress and keep the mind healthy

How to beat stress and keep the mind healthy
Conversations change lives British Safety Council offers a toolkit of training and advice to help workers beat stress and manage their mental health Ahead of Mental Health Awareness Week, which begins on 14 May, the British Safety Council offers employers tools and advice which they can use to help...
May 11th, 2018 | Health and Safety, HR | Read More

The Fall of Constantinople …err of the BDI@1,453…

The Fall of Constantinople …err of the BDI@1,453…
John Faraclas Coincidences have a significance, never ever forget this! The BDI (Baltic Dry Index) fell for the first time since the 2nd of May; a dozen points after all …are 12 points… The volatile and predictably unpredictable Capes did it again. Amid a turbulent  Planet Ocean, the shipping...
May 10th, 2018 | Chartering, Dry Bulkcarriers, Markets, Military, News, People and Places, Reports, Sanctions, Shipping Indices, Statistics, Stock Markets, Tankers | Read More

US-Iran Sanctions: The JCPOA – the new US position The JCPOA: The new US position is now clear…Sort of

US-Iran Sanctions: The JCPOA – the new US position   The JCPOA: The new US position is now clear…Sort of
The JCPOA: The new US position is now clear…Sort of by Douglas Maag, Legal Counsel, Clyde & Co As noted in our blog last week, President Trump threatened last January to withdraw from the Joint Comprehensive Plan of Action (JCPOA) if he did not think its flaws could be fixed. While the JCPOA...
May 10th, 2018 | Markets, Sanctions | Read More

ABS, the American Club and Lamar University Join Forces to Improve Maritime Workforce Safety

ABS, the American Club and Lamar University Join Forces to Improve Maritime Workforce Safety
… Joint Initiative Tackles Common Causes of Maritime Accidents ABS, the American Club and Lamar University are launching a new initiative aimed at reducing maritime-related safety incidents. The initial focus of the partnership’s analysis and industry guidance will be on slips, trips and falls,...
May 10th, 2018 | Academia, Classification Societies, Health and Safety, HR, Maritime Accidents, Maritime Education and Training, News, P and I Clubs | Read More

Clyde & Co Legal Update: All risks – no cover for non-existent cargo

Clyde & Co Legal Update: All risks – no cover for non-existent cargo
Last month a decision was handed down in the matter of Englehart CTP (US) LLC v Lloyd’s Syndicate 1221 in relation to marine cargo insurance and the scope of all risks insurance. In brief summary, the decision confirms that: The words “this insurance covers all risks of loss of or damage...
May 9th, 2018 | Claims, Legal, Marine Insurance | Read More

A critical analysis of some issues arising from the use of safe port clauses in time charters

A critical analysis of some issues arising from the use of safe port clauses in time charters
Emily Lionis A critical analysis of some issues arising from the use of safe port clauses in time charters by Emily Lionis* ABSTRACT The purpose of this dissertation is to review certain issues arising from the use of safe port clauses in time charters, an area of maritime law which has become fairly...
May 6th, 2018 | Chartering, Insight, Person Profiles, Ports & Terminals, Safety and Security | Read More

Two weeks of Capes’ “dominating” the otherwise stagnant market…

Two weeks of Capes’ “dominating” the otherwise stagnant market…
John Faraclas The BDI (Baltic Dry Index) gained just eight points since yesterday and now stands at 1,384 points. On a weekly basis it was up 23 points since Friday the 27th of April… (From 1,361). Geopolitics as usual, getting more than worse. John Faraclas daily and weekly recap: The Capes volatility...
May 4th, 2018 | Chartering, Dry Bulkcarriers, Insight, Markets, Military, Reports, Sanctions, Shipping Indices, Stock Markets, Tankers | Read More