Archive for the ‘Marine Insurance’ Category

The BDI@1,031: between Scylla and Charybdis…

The BDI@1,031: between Scylla and Charybdis…
John Faraclas The BDI (Baltic Dry Index) clinched another 11 points (same as  yesterday…) but remains down once again on a weekly basis. Geopolitics: between the devil and the deep blue sea… John Faraclas’ daily and weekly recap: The weekly loss of the BDI was 116 points – down from 1,147 recorded...
November 16th, 2018 | Chartering, Dry Bulkcarriers, Fixtures, Markets, News, Reports, Sanctions, Shipping Indices, Stock Markets, Tankers, Trade and Commerce | Read More

Damen Shipyards Group celebrates Multraship Carrousel RAVE Tug winning the Maritime KVNR Shipping Award

Damen Shipyards Group celebrates Multraship Carrousel RAVE Tug winning the Maritime KVNR Shipping Award
. Damen Shipyards Group is celebrating the success of Multraship and its innovation arm Novatug in winning the Maritime KVNR Shipping award 2018. Working with a number of industry partners they developed the ground-breaking Carrousel RAVE Tug (CRT) design that is safer, stronger and more manoeuvrable...
November 16th, 2018 | Awards, Events, Conferences,Forums and Symposiums, Marine Equipment Products and Services, Salvage, Towage, Wreck Removals, Shipbuilding and Shipyards, Technical, Technology | Read More

Liberia becomes first flag state to join the Maritime Anti-Corruption Network

Liberia becomes first flag state to join the Maritime Anti-Corruption Network
Alfonso Castillero Liberia has become the first ship registry to be admitted to the Maritime Anti-Corruption Network (MACN) as an associate member.  Alfonso Castillero, CCO of the Liberian Registry, says, “We are greatly honoured to be the first ship registry admitted as an associate member of the...
November 16th, 2018 | Bribery and Corruption, Flags, Safety and Security | Read More

ITF: tragic death of seafarer proves that lashing is dockers’ work

ITF: tragic death of seafarer proves that lashing is dockers’ work
The ITF HQ’s in London The International Transport Workers’ Federation (ITF) and European Transport Workers’ Federation (ETF) have extended their deepest condolences to the family of a seafarer killed in Dublin, Ireland, while lashing and securing containers, and said this case proves...
November 15th, 2018 | Health and Safety, HR, ITF, Manning - Seafarers and Offshore, Maritime Accidents | Read More

New Secretary-General appointed to the Paris MOU

New Secretary-General appointed to the Paris MOU
Luc Smulders Luc Smulders has been appointed as the new Secretary-General at the Secretariat of the Paris Memorandum of Understanding on Port State Control. He is succeeding Mr. Richard Schiferli who retired 1st of November 2018 after 29 years of service to the Paris MoU. Mr Smulders stated: “I am...
November 15th, 2018 | Health and Safety, Maritime Accidents, Person Profiles, Safety and Security | Read More

Wärtsilä Seals & Bearings – keeping you in operation

Wärtsilä Seals & Bearings – keeping you in operation
Approximately 90% of the world’s trade is transported by international shipping, making vessel maintenance of utmost importance to the global economy. Yet despite advancements in marine technology and effective safety measures, groundings, collisions and major breakdowns still happen. In such situations,...
November 15th, 2018 | Groundings, Marine Equipment Products and Services, Maritime Accidents, Shiprepair, Technical, Technology | Read More

Comment: The withdrawal agreement and the impact on the insurance industry

Comment: The withdrawal agreement and the impact on the insurance industry
Bob Haken Norton Rose Fulbright insurance partner Bob Haken commented: “What the Political Declaration does say about financial services in general is that there will be commitments to “preserving financial stability, market integrity, investor protection and fair competition, while respecting the...
November 15th, 2018 | Comment, Insurance and Reinsurance, Legal, Marine Insurance | Read More

Global insurance and trade grapple with blockchain innovation

Global insurance and trade grapple with blockchain innovation
Prof Michael Mainelli. Global insurance and trade grapple with blockchain innovation By James Brewer Blockchain, a system that has seen substantial growth in 2018, holds out immense promise for mitigating business and financial risk, a conference in the heart of London’s insurance market heard. The...
November 15th, 2018 | Banking, Conferences, Seminars, Forums, Corruption, Finance, Insight, Insurance and Reinsurance, Marine Insurance, Maritime Fraud, Safety and Security, Shipfinance | Read More

Ocean Shipping Industry prioritizes technology investment for year ahead

Ocean Shipping Industry prioritizes technology investment for year ahead
. New Survey Finds Shipping Industry Concerned About Impact of Trade Protectionism and Cyber Threats, But Mostly Optimistic About Growth Industry Respondents Say Technology Spending Will Increase as Companies Seek to Improve Process Efficiency, Customer Experience, and Supply Chain Collaboration SAN...
November 13th, 2018 | Maritime Fraud, Markets, Safety and Security, Trade and Commerce | Read More

Multraship / Novatug scoop KVNR award for CARROUSEL RAVE TUG

Multraship / Novatug scoop KVNR award for CARROUSEL RAVE TUG
From the awards ceremony Leading towage and salvage specialist Multraship and its innovation arm, Novatug, have won the prestigious Maritime KVNR Shipping Award 2018 for their ground-breaking Carrousel RAVE TUG (CRT) design. The award was presented to Leendert Muller, managing director of Multraship,...
November 13th, 2018 | Awards, Marine Equipment Products and Services, Salvage, Towage, Wreck Removals, Shipbuilding and Shipyards, Technical, Technology | Read More

IMCA launches Ethics and Compliance Programme

IMCA launches Ethics and Compliance Programme
Allen Leatt Doing Business Without Bribery – a free online ABC training program for its Members IMCA is developing an ethics programme to support its membership comprising three phases: A Code of Practice for the Secretariat which was put in place earlier this year. An Anti-Bribery and Corruption (ABC) eLearning module...
November 12th, 2018 | Associations, Bribery and Corruption, Insight, Maritime Education and Training, News | Read More

IMRF and The Nautical Institute sign MOU

IMRF and The Nautical Institute sign MOU
Theresa Crossley CEO, IMRF and Capt. John Lloyd, CEO Nautical Institute The IMRF (International Maritime Rescue Federation) and The Nautical Institute have signed a memorandum of understanding (MOU) agreeing to work together on projects that support both organisations’ shared objective to improve...
November 12th, 2018 | Associations, Health and Safety, Safety and Security, The Nautical Institute | Read More

ClassNK and TÜV Rheinland sign partnership agreement for Cybersecurity Services

ClassNK and TÜV Rheinland sign partnership agreement for Cybersecurity Services
l to r: Tobias Schweinfurter, President and CEO, TÜV Rheinland Japan, Dr. Michael Fübi, Chairman, TÜV Rheinland and  Koichi Fujiwara, President & CEO, ClassNK Tokyo – Leading classification society ClassNK and TÜV Rheinland have concluded a worldwide partnership agreement for cybersecurity...
November 12th, 2018 | Classification Societies, IT and Communications, Marine Equipment Products and Services, Safety and Security | Read More

Hot Port News from GAC

Hot Port News from GAC
09-Nov-2018 AROUND THE ISLAND YACHT RACE Hong Kong RECORD ANNUAL CARGO TONNAGE IN FISCAL YEAR 2018 Panama Canal, Panama SECURITY ZONE ESTABLISHED AROUND GROUNDED FRIGATE Bergen, Norway Around the Island Yacht Race Friday, November 9, 2018, Hong Kong A large-scale yacht race will take place around Hong...
November 9th, 2018 | Canals, Groundings, Marine Insurance, Maritime Accidents, Military, Port Conditions, Ports & Terminals, Safety and Security, Sailing, Sports, Yachting | Read More

InterManager urges crew to help identify enclosed space solutions

InterManager urges crew to help identify enclosed space solutions
Captain Kuba Szymanski InterManager, the international trade association for the shipmanagement sector, has launched a campaign to encourage seafarers to think about safety issues when working in enclosed spaces and to identify measures which they believe would reduce risks. Announcing the campaign during...
November 9th, 2018 | Associations, Events, Conferences,Forums and Symposiums, Health and Safety, Intermanager, Manning - Seafarers and Offshore, Maritime Education and Training, Safety and Security | Read More

The BDI@1,231 …medieval figures that hurt

The BDI@1,231 …medieval figures that hurt
John Faraclas The BDI (Baltic Dry Index) is now 1,016 points below the figure as of the end of December 2013 when it stood at 2,247 points. Geopolitics with all types of wars dangerously spreading; IBIA’s 2018 Convention finale more than a cause to celebrate! John Faraclas daily briefing: The BDI by...
November 8th, 2018 | Alternative Sources of Energy, Chartering, Comment, Conferences, Seminars, Forums, Corruption, Dry Bulkcarriers, EEZ, Emissions, Energy, Environment, Gas, Markets, News, Oil Industry, Pollution, Reports | Read More

Owner claims against manager for failure to update ballast water management plan

Owner claims against manager for failure to update ballast water management plan
FAILURE to keep a proper onboard record of regulatory and legislative changes can have costly consequences for shipowners and their intermediaries, as evidenced by a claim recently handled by International Transport Intermediaries Club (ITIC). The crew of a ship which frequently traded to US ports found...
November 7th, 2018 | Marine Insurance, P and I Clubs | Read More

Capes “sink” the BDI at 1,395…

Capes “sink” the BDI at 1,395…
John Faraclas The BDI (Baltic Dry Index) lost 33 points earlier on today and now stands at 1,395; Geopolitics still messy and IBIA’s Annual Convention makes waves. John Faraclas’ daily briefing: The  volatile Capes’ BCI three-digit loss of 101 points bringing down this index at 2,296 points was...
November 6th, 2018 | Associations, Bunkering, Chartering, Classification Societies, Conferences, Seminars, Forums, Dry Bulkcarriers, Events, Events, Conferences,Forums and Symposiums, Insight, Legal, Marine Equipment Products and Services, Maritime Fraud, Maritime Fraud, Maritime Tourism, Markets, Oil Industry, Piracy and Terrorism, Politics and Government, Regulatory, Reports, Shipping Indices, Statistics, Stock Markets, Tankers, Technology, Tourism | Read More

The American Club’s Loss Prevention materials LUB’S and Services: A status Update

The American Club’s Loss Prevention materials LUB’S and Services: A status Update
Joseph E.M. Hughes, Chairman and CEO, Shipowners Claims Bureau, Managers for The American Club NOVEMBER 5, 2018, CIRCULAR NO. 40/18, TO MEMBERS OF THE ASSOCIATION THE AMERICAN CLUB’S LOSS PREVENTION MATERIALS AND SERVICES: A STATUS UPDATE The American Club and its Managers are committed...
November 5th, 2018 | Associations, Marine Insurance, P and I Clubs, Safety and Security | Read More

The BDI@1,457: a contained fall amid Geopolitical chaos… or what?

The BDI@1,457: a contained fall amid Geopolitical chaos… or what?
John Faraclas The BDI (Baltic Dry Index) fell 13 points losing the 1,500-point base of last week when it stood at 1,519 points – down 62! Geopolitics are not only perplexed they are dubious and the outcome on many global issues remains totally uncertain and this in turn will affect shipping – in...
November 2nd, 2018 | Chartering, Dry Bulkcarriers, Health and Safety, Markets, News, Piracy and Terrorism, Ports & Terminals, Reports, Safety and Security, Shipping Indices, Statistics, Stock Markets, Tourism, Trade and Commerce | Read More

Vote for your favourite finalist in the IMRF Awards now!

Vote for your favourite finalist in the IMRF Awards now!
Voting has opened for the IMRF’s People’s Choice Award, and the finalist attracting the most votes on facebook will be announced as the winner on Thursday 8 November. The finalists for the IMRF Awards 2018, are all exceptional individuals and organisations from around the world who go above...
November 2nd, 2018 | Associations, Awards, Charity, Environment, Health and Safety, HR, Pollution, Safety and Security | Read More

ICRMC Bermuda brings out the top cyber experts – Register Today!

ICRMC Bermuda brings out the top cyber experts – Register Today!
Plan your trip to Bermuda in December and join global cyber leaders from Deloitte, Aon, Willis Towers Watson, AXA XL, Moody’s, AIG and more Take your place among a set of world-class cyber leaders including CISOs from Silicon Valley and Wall Street, global cyber leaders from insurance and industry,...
November 1st, 2018 | Associations, Events, Conferences,Forums and Symposiums, Insurance and Reinsurance, Marine Insurance | Read More

ClassNK Releases “PrimeShip-GREEN/ProSTA ver.ITTC”

ClassNK Releases “PrimeShip-GREEN/ProSTA ver.ITTC”
Tokyo – Leading classification society ClassNK released “PrimeShip-GREEN/ProSTA ver.ITTC” on 1st November 2018. It is the world’s first software that calculates and analyzes a ship’s speed for Energy Efficiency Design Index (EEDI) calculation in compliance with the latest International Towing...
November 1st, 2018 | Classification Societies, IT and Communications, Marine Equipment Products and Services, Salvage, Towage, Wreck Removals | Read More

Red sky at Night …err Red Markets in October… keeps you wonder!

Red sky at Night …err Red Markets in October… keeps you wonder!
John Faraclas The BDI fell below the 1,500 threshold earlier on today and now reads 1,490 – that’s minus 23 points, 23 important and otherwise valuable points. Geopolitics still messy, enigmatic and above all perplexed… John Faraclas’ daily briefing: The Capes’ BCI lost 34 points and now stands...
October 31st, 2018 | Associations, Conferences, Seminars, Forums, Energy, Environment, Events, Health and Safety, Marinas, Markets, Medical, Piracy and Terrorism, Politics and Government, Safety and Security, Sailing, Sports, Tourism, Yachting | Read More

Hot Port News from GAC

Hot Port News from GAC
31-Oct-2018 YACHT RACE FROM HONG KONG TO DAYA BAY Hong Kong RECORD-LOW HIJACKINGS YET DANGER PERSISTS IN GULF OF GUINEA: IMB GLOBAL PIRACY REPORT Worldwide Yacht race from Hong Kong to Daya Bay Wednesday, October 31, 2018, Hong Kong A yacht race from Hong Kong to Daya Bay in the Mainland will take place...
October 31st, 2018 | Piracy and Terrorism, Safety and Security, Sailing, Sports, Yachting | Read More