Archive for the ‘Marine Insurance’ Category

Palau flies the flag for maritime anti-corruption standards

Palau flies the flag for maritime anti-corruption standards
Panos Kirnidis The fight against bribery and corruption in the shipping world is being led by Palau International Ship Registry (PISR) which is currently the first and the only ship registry to have implemented and be certified for ISO 3700: 2016 related to anti-bribery and anti-corruption standards. Governments...
September 25th, 2018 | Bribery and Corruption, Flags | Read More

Polish team’s latest mission to find wreck of wartime sub

Polish team’s latest mission to find wreck of wartime sub
Santi – Find the Eagle team Polish team’s latest mission to find wreck of wartime sub  By Piotr Michalik  The Santi Find the Eagle expedition has set off for the fifth time, on a mission to find the wreck of the famous submarine ORP Orzeł which patrolled under Royal Navy command during...
September 24th, 2018 | Insight, Maritime Accidents, Maritime History and Museums, Salvage, Towage, Wreck Removals, Underwater Shipping | Read More

Vittoria Shipyard launches the “Rome-Moscow” tug for the Russian Federation

Vittoria Shipyard launches the “Rome-Moscow” tug for the Russian Federation
The “РИМ—MОСКВА” (Rome-Moscow) tug The eight million euro vessel will be deployed in the operations to dismantle nuclear submarines in the Barents Sea The Company President Duò said: “With this build we strengthen our positioning in the domestic and international harbour and...
September 24th, 2018 | Marine Equipment Products and Services, Salvage, Towage, Wreck Removals, Shipbuilding and Shipyards, Technical, Technology | Read More

Miami Mayor Suarez to take part in Bermuda industry forum

Miami Mayor Suarez to take part in Bermuda industry forum
Bermuda Premier David Burt; Miami Mayor Francis Suarez Hamilton, Bermuda, September 20, 2018 – Miami Mayor Francis Suarez will join Bermuda Premier David Burt for a “fireside chat” kicking off next month’s multi-industry forum being held in his city by the Bermuda Business...
September 20th, 2018 | Conferences, Seminars, Forums, Insurance and Reinsurance, Marine Insurance | Read More

Richard Turner elected President of IUMI

Richard Turner elected President of IUMI
Richard Turner 19 September, Cape Town. Richard Turner, European Director of Global Risk Solutions at RSA Insurance Group has been elected President of the International Union of Marine Insurance (IUMI). In accordance with the Articles of Association, IUMI’s Council formally elected Richard at...
September 19th, 2018 | Associations, Conferences, Seminars, Forums, Insurance and Reinsurance, Marine Insurance, News, Person Profiles | Read More

Outlook for marine cargo insurance challenging but opportunities remain for underwriters, says IUMI

Outlook for marine cargo insurance challenging but opportunities remain for underwriters, says IUMI
Sean Dalton On Tuesday 18 September – Sean Dalton, the International Union of Marine Insurance (IUMI) Cargo Committee Chair reported that the marine cargo market remained the largest commercial marine line of business in terms of premium income. IUMI’s 2017 statistics showed global cargo premiums...
September 19th, 2018 | Events, Conferences,Forums and Symposiums, Insurance and Reinsurance, Marine Insurance | Read More

International Taskforce mobilised to optimize port calls using existing standards

International Taskforce mobilised to optimize port calls using existing standards
Image courtesy of EXMAR. Antwerp, September 19th, 2018 – “We cannot envisage an efficient port call if all parties involved cannot reach a common understanding on what defines a port call, the parameters involved and key events where accurate information needs to be shared by actual data...
September 19th, 2018 | Ports & Terminals, Safety and Security | Read More

Maersk Supply Service completes FSO tow and installation for Culzean Field

Maersk Supply Service completes FSO tow and installation for Culzean Field
Culzean hook up Last week, hook up of the Ailsa Floating Storage and Offloading unit (FSO) was successfully completed. This marks the final step of the FSO transportation and installation for the Culzean field, under the project management of Maersk Supply Service. The project has been delivered to Total...
September 19th, 2018 | Energy, Salvage, Towage, Wreck Removals, Supply ships | Read More

Daily Overview of Global Markets & the SEE Region (Wednesday, September 19, 2018)

Daily Overview of Global Markets & the SEE Region (Wednesday, September 19, 2018)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: In retaliation to the US administration’s announcement late on Monday of a 10% tariff on an additional $200bn of imports from China, the latter announced yesterday the imposition of duties on $60bn worth of US goods. However, the...
September 19th, 2018 | Banking, Finance, Markets, Reports, Sanctions, Shipfinance, Statistics, Stock Markets | Read More

Naval Dome calls on Insurers to revoke Clause CL 380

Naval Dome calls on Insurers to revoke Clause CL 380
Itai Sela Naval Dome has called on marine insurers to revoke the controversial Clause CL 380 and implement policies that insure against the risk of cyber-attacks on ship systems. Speaking in Cape Town, South Africa, today during the International Union of Marine Insurance’s (IUMI) annual conference,...
September 19th, 2018 | Bribery and Corruption, Comment, Conferences, Seminars, Forums, Corruption, Events, Insight, Insurance and Reinsurance, Marine Insurance, News, Safety and Security | Read More

HudsonAnalytix a powerful presence at OAS-CIP Conference

HudsonAnalytix a powerful presence at OAS-CIP Conference
Cynthia Hudson, Founder and CEO of HudsonAnalytix, HudsonAnalytix to Speak on Disaster Response at the 2nd Hemispheric Conference on Port Security: Strengthening Disaster Risk Management Capabilities for Secure Ports in the Americas September 18, 2018- Cynthia Hudson, Founder and CEO of HudsonAnalytix,...
September 18th, 2018 | Conferences, Seminars, Forums, Ports & Terminals, Safety and Security | Read More

Now is the time to manage the “unthinkable” risks, says IUMI President

Now is the time to manage the “unthinkable” risks, says IUMI President
Dieter Berg Opening this year’s International Union of Marine Insurance (IUMI) annual conference yesterday in Cape Town, South Africa, IUMI President Dieter Berg impressed on delegates the need to manage “unthinkable” risks. He highlighted a series of losses that, until recently, would...
September 18th, 2018 | Associations, Conferences, Seminars, Forums, Marine Insurance, News | Read More

Hot Port News from GAC

Hot Port News from GAC
17-Sep-2018 CONSTRUCTION OF SHORE RAMP & REPLACEMENT OF SUBMARINE CABLES Singapore PORT OPERATIONS RESUMING AFTER MANGKHUT Hong Kong Construction of shore ramp & replacement of submarine cables Monday, September 17, 2018, Singapore The working period for the construction a shore ramp and replacement...
September 17th, 2018 | Earthquakes, Tsunamis, Cyclones and Typhoons, Port Conditions, Ports & Terminals, Weather | Read More

Lloyd’s Register Foundation launches Insight Report on safety in the passenger ferry industry

Lloyd’s Register Foundation launches Insight Report on safety in the passenger ferry industry
The Lloyd’s Register Foundation, a charity helping to protect the safety of life and property by supporting education, research and public engagement, today announces the launch of its Insight Report on safety in the passenger ferry industry. 17 September 2018 – The Lloyd’s Register Foundation...
September 17th, 2018 | Charity, Classification Societies, Health and Safety, Maritime Education and Training, News, Safety and Security | Read More

Global marine premiums up by 2% but challenges remain for marine underwriting, says IUMI

Global marine premiums up by 2% but challenges remain for marine underwriting, says IUMI
Donald Harrell, IUMI Facts & Figures Committee Chair Against the positive backdrop of a benign claims environment in some sectors, IUMI’s statistics show an increasing mismatch between premium income, covered risk and claims costs. On a global average basis, buffers to cover extraordinary single...
September 17th, 2018 | Marine Insurance, News | Read More

Hot Port News from GAC

Hot Port News from GAC
16-Sep-2018 HURRICANE SIGNAL HOISTED FOR SUPER TYPHOON MANGKHUT Hong Kong Hurricane Signal hoisted for Super Typhoon MANGKHUT Sunday, September 16, 2018, Hong Kong The Hurricane Signal, No. 10, was hoisted in Hong Kong at 09.00 hours local time today (16 September) as Severe Typhoon MANGKHUT was located...
September 16th, 2018 | Earthquakes, Tsunamis, Cyclones and Typhoons, Port Conditions, Ports & Terminals | Read More

Considerations for vessels transiting and calling ports in areas affected by hurricanes, typhoons and cyclones

Considerations for vessels transiting and calling ports in areas affected by hurricanes, typhoons and cyclones
Following from the American Club’s Managers the Shipowners Claims Bureau, Inc.: As Members are no doubt aware, the peak season for hurricanes, typhoons and cyclones in the northern hemisphere occurs between July and October. Vessels trading in regions affected by these extreme weather events are...
September 14th, 2018 | Earthquakes, Tsunamis, Cyclones and Typhoons, P and I Clubs, Weather | Read More

Hot Port News from GAC

Hot Port News from GAC
14-Sep-2018 MARINE SOIL INVESTIGATION WORKS OFF WEST JURONG CHANNEL Singapore SUPER TYPHOON MANGKHUT Hong Kong PORT READINESS CONDITION YANKEE SET Savannah, United States ESTABLISHMENT OF SILT CURTAIN AT RAMBLER CHANNEL Hong Kong FLORENCE MAKES LANDFALL NEAR WRIGHTSVILLE BEACH, NORTH CAROLINA North &...
September 14th, 2018 | Canals, Earthquakes, Tsunamis, Cyclones and Typhoons, Port Conditions, Ports & Terminals, Weather | Read More

HudsonCyber and DNV GL link up to offer cyber solutions

HudsonCyber and DNV GL link up to offer cyber solutions
Camden, New Jersey, United States, September 12, 2018 // HudsonAnalytix, Inc. and its cyber risk management subsidiary, HudsonCyber, are pleased to announce the inclusion of its award-winning HACyberLogix cyber risk management decision-support software solution with DNV GL’s Veracity industry platform....
September 13th, 2018 | Classification Societies, IT and Communications, Marine Equipment Products and Services, Safety and Security, Technical, Technology | Read More

Hot Port News from GAC

Hot Port News from GAC
13-Sep-2018 CONSTRUCTION OF JETTIES OFF JURONG ISLAND CAUSEWAY Singapore PORT STILL OPEN DESPITE FIGHTING Hodeidah, Yemen DISTURBANCE IN GULF OF MEXICO: PORT CONDITION X-RAY SET Brownsville, Corpus Christi and Victoria, United States BROWN MARMORATED STINK BUG MEASURES Australia MARINE SITE INVESTIGATION...
September 13th, 2018 | Earthquakes, Tsunamis, Cyclones and Typhoons, Military, Piracy and Terrorism, Port Conditions, Ports & Terminals, Weather | Read More

IMCA Contracts & Insurance seminar attracts impressive list of speakers and delegates

IMCA Contracts & Insurance seminar attracts impressive list of speakers and delegates
Allen Leatt Back to the Negotiating Table – Working Together Speakers and delegates from oil companies, contractors and the legal and insurance sectors to attend IMCA Seminar Exploring new ways for oil companies and contractors to work together on sharing risks and liabilities The programme for the...
September 13th, 2018 | Associations, Conferences, Seminars, Forums, Insurance and Reinsurance, Marine Insurance | Read More

Hot Port News from GAC

Hot Port News from GAC
12-Sep-2018 MARINE SOIL INVESTIGATION WORKS NEAR BANYAN BASIN Singapore TROPICAL STORM BARIJAT Hong Kong FLORENCE EXPECTED TO BRING LIFE-THREATENING STORM SURGES & RAINFALL Southeast Coast, Carolinas & Mid-Atlantic States, United States PORTS CLOSED AHEAD OF FLORENCE Wilmington & Morehead...
September 12th, 2018 | Earthquakes, Tsunamis, Cyclones and Typhoons, Port Conditions, Ports & Terminals, Weather | Read More

Interferry conference set to drive debate on industry’s major issues

Interferry conference set to drive debate on industry’s major issues
Keynote speakers from the military, merchant fleet and port sectors will feature when trade association Interferry addresses three of shipping’s most important issues – safety, security and the environment – at its 43rd annual conference in Cancun, Mexico, in early October. “Ferries already provide...
September 12th, 2018 | Associations, Environment, Military, Ports & Terminals, Safety and Security | Read More

Hot Port news from GAC

Hot Port news from GAC
11-Sep-2018 PROHIBITION ON VESSELS TRANSITING, ANCHORING, OR REMAINING IN AREA OFF MARINA BARRAGE Singapore HURRICANE FLORENCE TO MAKE LANDFALL LATER THIS WEEK United States East Coast MODIFIED PORT CONDITION WHISKEY SET AHEAD OF HURRICANE FLORENCE Pennsylvania, New Jersey & Delaware, United States HURRICANE...
September 11th, 2018 | Earthquakes, Tsunamis, Cyclones and Typhoons, Port Conditions, Ports & Terminals, Weather | Read More

The Shipowners’ Club reports its half year results to 30 June 2018

The Shipowners’ Club reports its half year results to 30 June 2018
Following from Simon Swallow the Shipowners’ Club Chief Executive: The Club has reported its financial results for the six months ended 30 June 2018. We anticipated a continuation of difficult trading conditions for many of our Members, along with an ongoing competitive insurance environment....
September 10th, 2018 | P and I Clubs, Reports | Read More