Archive for the ‘Marine Insurance’ Category

HRAS News: UK P&I Club: Search and rescue operations in the Mediterranean

HRAS News: UK P&I Club: Search and rescue operations in the Mediterranean
Amanda Hastings Amanda Hastings, Claims Executive at UK P&I Club, comments on the effect of Operation Triton on search and rescue operations: “Summer is once again upon us and the media coverage surrounding the refugee and migrant crisis in the Mediterranean continues, as do the criticisms of Operation...
July 26th, 2017 | Associations, Charity, Health and Safety, HR, News, P and I Clubs, Safety and Security | Read More

Last chance to nominate H.E.R.O.s

Last chance to nominate H.E.R.O.s
Bruce Reid The closing date for the IMRF H.E.R.O. Awards is THIS FRIDAY Friday 28 July 2017 is the last day to nominate any unsung maritime heroes in the International Maritime Rescue Federation H.E.R.O. (Honouring Excellence in Rescue Operations) Awards, visit www.imrfhero.org now, to enter your...
July 26th, 2017 | Associations, Awards, Health and Safety, Safety and Security | Read More

Latest version of free app for seafarers to help combat mental health and physical illness

Latest version of free app for seafarers to help combat mental health and physical illness
Some of the recipes you can make on the Wellness at Sea app The latest version of Sailors’ Society’s Wellness at Sea app for seafarers hopes to further combat high rates of cardiovascular conditions and mental health disorders among seafarers. The enhancements to the free app, sponsored by Bernhard...
July 24th, 2017 | Associations, Corporate Social Responsibility, Health and Safety, HR, IT and Communications, Manning - Seafarers and Offshore, Safety and Security, Shipmanagement | Read More

A closer look at mutual club funding

A closer look at mutual club funding
There was a time when all P&I Clubs used the same method of funding; the estimated total call (ETC) approach. To understand this method it is necessary to consider the nature of liability insurance. Unlike hull insurance, in which it is reasonably clear whether the property insured has been...
July 22nd, 2017 | P and I Clubs | Read More

The BDI needs at least an extra 1,300 points… to make sense

The BDI needs at least an extra 1,300 points… to make sense
John Faraclas The BDI needs at least an extra 1,300 points… to make sense … so be cautious and stay put.. The BDI (Baltic  Dry  Index) gained 33 points since yesterday and now stands at 977 – very close to the 1,000 point threshold. On a weekly basis the gains were good: 77 points – from 900...
July 21st, 2017 | Containers, Dry Bulkcarriers, Markets, News, Politics and Government, Ports & Terminals, Reports, Sanctions, Shipping Indices, Trade and Commerce | Read More

Top 4 Arbitration Clause Essentials

Top 4 Arbitration Clause Essentials
Azadeh Meskarian Arbitration is an extremely popular method of commercial dispute resolution.  Many international contracts will include an arbitration clause (referred to as an arbitration agreement) by which the parties agree to resolve disputes privately by an arbitrator, who is often an experienced...
July 19th, 2017 | Arbiitration, IT and Communications, Legal, News | Read More

The Environment: an interview with Antipollution’s CEO Byron Vassiliades

The Environment: an interview with Antipollution’s CEO Byron Vassiliades
Byron Vassiliades Following recent environmental issues, developments, events as well as incidents, Allaboutshipping’s Anny Zade met with with Antipollution’s CEO Byron Vassiliades and asked him certain questions; herebelow viewers can read the entire interview: 1.How have states and port authorities...
July 19th, 2017 | Emissions, Environment, Groundings, Health and Safety, Marine Insurance, Maritime Accidents, News, Oceanology, Oil Spill, People and Places, Pollution, Safety and Security, Salvage, Towage, Wreck Removals, Underwater Shipping | Read More

Be cautious with the BDI and Geopolitics

Be cautious with the BDI and Geopolitics
John Faraclas The BDI (Baltic Dry Index) “raises” hopes given its 20 plus points rise, but be cautious as things are not that promising and in any case we are far apart the December 2013 level of 2,277 points – 1,345 points down! Geopolitics are not just an enigma, they are a harsh reality and...
July 18th, 2017 | Bribery and Corruption, Chartering, Dry Bulkcarriers, Energy, Environment, Immigration, Maritime Fraud, Markets, Safety and Security, Ship Finance, Shipfinance, Shipping Indices | Read More

TT Club’s Support for FIATA Young Freight Forwarders Continues: Regional Award Winners Announced

TT Club’s Support for FIATA Young Freight Forwarders Continues: Regional Award Winners Announced
From last year’s event: FIATA Young Forwarder of the Year Winner, Shanon Gould receives her award from, on the left TT Club’s Senior Loss Prevention Executive, Mike Yarwood and Huxiang Zhao, President of FIATA TT Club, leading international freight insurer, is very proud to continue its sponsorship...
July 18th, 2017 | Awards, P and I Clubs | Read More

Thome Managed Vessel Rescues German Sailors

Thome Managed Vessel Rescues German Sailors
The “Nord Nightingale” A Military Sealift Command contracted ship diverted from its mission to perform a rescue at sea mission on July 7. The Thome managed vessel, MT Nord Nightingale, was in transit from Houston, Texas, to Akrotiri, Cyprus, delivering fuel for the U.S. Air Force when it...
July 18th, 2017 | Health and Safety, Maritime Accidents, Safety and Security | Read More

American Hellenic Hull Insurance updates and business progress

American Hellenic Hull Insurance updates and business progress
Ilias Tsakiris American Hellenic Hull Insurance brand grows faster than projected surpassing its main targets during its first year of operation AM Best rating process The American P&I Club’s Centennial Dinner Faster-than-expected growth for American Hellenic Hull Insurance brand American...
July 17th, 2017 | Marine Insurance, P and I Clubs, Press and Media | Read More

Norwegian Hull Club Publishes a New Version of the Handbook on Loss of Hire Insurance

Norwegian Hull Club Publishes a New Version of the Handbook on Loss of Hire Insurance
Norwegian Hull Club is proud to announce that today we are publishing a new version of the Handbook on Loss of Hire Insurance. As one of the largest providers of Loss of Hire Insurance worldwide, Norwegian Hull Club first published the Handbook to provide our members and the market at large with explanations...
July 14th, 2017 | Books, P and I Clubs | Read More

Safety experts to meet Government to discuss fire regulations post-Grenfell Tower

Safety experts to meet Government to discuss fire regulations post-Grenfell Tower
Grenfell Tower Leading safety bodies are set to meet ministers for talks on the UK’s building and fire regulations in the aftermath of the Grenfell Tower disaster, the House of Lords heard today. The Institution of Occupational Safety and Health (IOSH), British Safety Council (BSC) and Royal Society...
July 14th, 2017 | Construction, Health and Safety, Politics and Government, Safety and Security | Read More

2016 Annual Report Paris MoU on Port State Control

2016 Annual Report Paris MoU on Port State Control
Richard Schiferli 2016 shows a large increase in the refusal of access (“bans”) within the region: 20 bans compared to 11 in 2015. The detention percentage has also increased from 3.4% to 3.8%. The number of detainable deficiencies has increased 7.3% compared to 2015. The number of inspections carried...
July 13th, 2017 | Classification Societies, Flags, Health and Safety, News, Regulatory, Reports, Safety and Security | Read More

New case of seafarer abuse exposed on UAE flagged vessel

New case of seafarer abuse exposed on UAE flagged vessel
MT IBA Crew med condition Human Rights at Sea today publishes a further detailed case study and investigatory report into the abuse of seafarers provided by first-hand crew testimony onboard a UAE flagged vessel moored offshore the UAE coast owned by Alco Shipping Services. Notable concerns raised are...
July 13th, 2017 | Associations, Charity, Communication, Company Profiles, Health and Safety, HR, Manning - Seafarers and Offshore, Safety and Security | Read More

The American Club – AGM & Centennial Dinner

The American Club – AGM & Centennial Dinner
Bottom row – American Club Board of Directors, Top row – Shipowners Claims Bureau, Inc., Managers THE AMERICAN P&I CLUB MARKS 100 YEARS AT CELEBRATORY CENTENNIAL DINNER HONORS THREE LONGEST STANDING MEMBERS RECENT YEARS MARKED BY REMARKABLE ACHIEVEMENTS As a part of its celebratory centennial...
July 13th, 2017 | Anniversaries, Conferences, Seminars, Forums, Events, Marine Insurance, P and I Clubs | Read More

Evergreen vessel in seafarer rescue

Evergreen vessel in seafarer rescue
… July 12, 2017 The officers and crew of Evergreen Line’s containership EVER DIADEM joined forces with another ship to successfully rescue thirty seafarers forced to abandon their burning fishing vessel off the coast of Madagascar in the Indian Ocean on the 9th of July. While en route from...
July 12th, 2017 | Health and Safety, Marine Insurance, Maritime Accidents, Safety and Security | Read More

European MEPs uphold Human Rights at Sea SAR publication

European MEPs uphold Human Rights at Sea SAR publication
26 MEPs uphold Human Rights at Sea work in support of search and rescue operations in the Mediterranean With the on-going European migrant crisis, including the continued tragic loss of life in the southern Mediterranean offshore Libya, Human Rights at Sea and its supporting advisory work has been recognised...
July 12th, 2017 | European Union, Headlines, Health and Safety, HR, IMO, Manning - Seafarers and Offshore, Organisations, Politics and Government, Safety and Security, UN | Read More

Dry Market gains ten points; so what!

Dry Market gains ten points; so what!
John Faraclas The BDI (Baltic Dry Index) gained hooray hooray ten points earlier on today and now reads 830; the Geopolitics continue to be in a mess; John Faraclas’ daily market briefing: Yesterday we hinted that we might see the market going for an upwards mode and it did happened… The Capers lead...
July 11th, 2017 | Bribery and Corruption, Communication, Corruption, Dry Bulkcarriers, Energy, Environment, Markets, Military, News, Oil Industry, Religion, Reports, Safety and Security, Sanctions, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

Sovcomflot calls for enhanced safety measures on Northern Sea Route

Sovcomflot calls for enhanced safety measures on Northern Sea Route
l to r: Russian Prime Minister Dmitry Medvedev with Sovcomflot’s Sergey Frank Working meeting held between Sovcomflot CEO Sergey Frank and Russian Prime Minister Dmitry Medvedev Leading Russian shipping company SCF Group (Sovcomflot) has called for the Russian government to continue its drive to...
July 11th, 2017 | Arctic Shipping, News, Politics and Government, Safety and Security, Shipmanagement | Read More

Falling BDI, turbulent Geopolitics leads to Armageddon

Falling BDI, turbulent Geopolitics leads to Armageddon
John Faraclas The BDI (Baltic Dry Index) fell two points and now reads 820; the entire Geopolitical spectrum leads with mathematical accurancy to a modern and ultra-destructive Armageddon. John Faraclas’ daily report: With minimal and controlled losses the BDI now reads 820 points – a crucial point...
July 10th, 2017 | Associations, Breaking News, Bribery and Corruption, Chartering, Containers, Dry Bulkcarriers, Energy, Environment, European Union, Gas, Immigration, Markets, Military, News, Oil Industry, Organisations, Religion, Safety and Security, Sanctions, Shipfinance, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

Working together to improve the safety and welfare of seafarers

Working together to improve the safety and welfare of seafarers
Ray Baker The International Seafarers’ Welfare and Assistance Network (ISWAN) and the Confidential Hazardous Incident Reporting Programme (CHIRP Maritime) have entered into a Memorandum of Understanding (MoU) so that the two organisations can work closer together to help improve seafarers’...
July 10th, 2017 | Associations, Charity, Clubs, Communication, Corporate Social Responsibility, Health and Safety, HR, Safety and Security | Read More

The mutual balance

The mutual balance
Vessel owners who wish to purchase insurance at cost – that is without paying profits to commercial insurance companies, join a mutual P&I Club. Membership of a mutual P&I Club is continuous, but the insurance provided is divided up into 12 month periods, known as policy years. Each policy...
July 8th, 2017 | Company Profiles, Marine Insurance, P and I Clubs | Read More

Comment from Sailors’ Society’s CEO on reports on Wednesday that two Vietnamese seafarers have been found decapitated by the Abu Sayyaf terror group

Comment from Sailors’ Society’s CEO on reports on Wednesday that two Vietnamese seafarers have been found decapitated by the Abu Sayyaf terror group
… Following reports on Wednesday that the decapitated bodies of two Vietnamese seafarers were found on Basilan Island in the Philippines, Sailors’ Society’s CEO, Stuart Rivers, commented, “This is devastating news and our thoughts are with the victims’ families and friends.” Abu Sayyaf...
July 7th, 2017 | Associations, Charity, Health and Safety, HR, News, Safety and Security | Read More

Turkish Coast Guard Command takes delivery of first two (of six) Damen Search and Rescue Vessels

Turkish Coast Guard Command takes delivery of first two (of six) Damen Search and Rescue Vessels
.. As part of an agreement between the European Union and the International Organization for Migration (IOM), Damen Shipyards Group has delivered two SAR 1906 vessels to the Turkish Coast Guard. The two vessels – the first to be delivered in what is a six-vessel contract – will be mobilised in refugee...
July 7th, 2017 | Health and Safety, Immigration, Safety and Security, Shipbuilding and Shipyards | Read More