London P&I Club reports increased free reserves

THE London P&I Club’s result for the 2012/2013 financial year was a surplus across all classes of $9.4m, increasing the free reserve to $154m. Claims experience over the financial year was mixed. In the retained layer there was an encouraging picture at the attritional level, involving claims up...

May 24th, 2013 | News, P and I Clubs | Read More

NORTH P&I Club directors confirm improved and financially sound result for 2012/13

Directors of the 170 million GT, ‘A’ rated North P&I club confirm the club achieved a satisfactory financial result in the year to 20 February 2013 despite challenging economic conditions. A modest investment return was offset by an overall increase in members’ and pool claims, resulting in...

May 23rd, 2013 | P and I Clubs | Read More

International Group – Compulsory Insurance S-C Maritime Labour Convention

Recent press articles and the imminent entry into force of the Maritime Labour Convention 2006 have brought the Convention and its requirements on vessel owners into focus, in particular the ‘financial security’ requirements. The Group has contacted each of the 38 States Parties to ask whether...

May 21st, 2013 | P and I Clubs | Read More

TT Club positive trading performance for 2013 confirmed by A.M.Best

16 May 2013, London: Specialist liability insurer for the international transport and logistics industry, TT Club has announced another good performance for the year ended 31 December 2012, with further increased gross written premiums, and the Club now maintaining its A- (Excellent) rating for the past...

May 17th, 2013 | P and I Clubs | Read More

Disciplined underwriting increases UK P&I Club free reserves to new high

Dino Caroussis The UK P&I Club, one of the largest and oldest providers of mutual liability insurance to ship owners, today announces its financial results for the year ended 20 February 2013. Highlights · Surplus of US$9.5 million increases free reserves and hybrid capital to new...

May 14th, 2013 | News, P and I Clubs | Read More

London P&I Club reports negative findings on enclosed space entry

THE London P&I Club has noted that reports generated during theclub’s ship inspection programme show an increase in negative findings in relation to enclosed space entry on board ships. It says that, despite a global acceptance of industry standard procedures, incidents continue to occur year-on-year. In...

April 24th, 2013 | P and I Clubs | Read More

Strike Club results reflect growing labour unrest

• Tonnage and reserves are boosted as more companies opt for insurance against delays The early months of 2013 have been marked by extremely damaging labour strike action in several countries which has punished shipowners and charterers even though they are innocent parties, says The Strike Club,...

April 24th, 2013 | P and I Clubs | Read More

NORTH P&I Club flags up break-bulk cargo stowage problems

The ‘A’ rated 170 million GT North P&I club has experienced an increase in claims arising from poor stowage and securing of break bulk cargoes, particularly on ships departing from China. Such cargoes – typically of bags and timber as well as construction components and plant – can...

April 18th, 2013 | P and I Clubs | Read More

More must be done to prevent death in enclosed spaces, says VIDEOTEL

Nigel D. Cleave As more needless deaths in enclosed spaces are reported this week – but yet again fail to make headines – a call to action is needed and the industry must take note and bring this issue to the attention of each and every seafarer. “More must be done,” says Nigel Cleave,...

April 11th, 2013 | Corporate Social Responsibility, Health and Safety, HR, Manning - Seafarers and Offshore, Maritime Education and Training, P and I Clubs, Safety and Security | Read More

London P&I Club issues warning on bagged rice cargoes

THE London P&I Club has advised shipowners to seek advice before loading bagged rice cargoes in view of the inherent risks associated with the trade and an increase in the severity of claims in recent years. In the latest issue of its StopLoss Bulletin, the club notes that poor freight markets have...

March 28th, 2013 | Chartering, Disputes, P and I Clubs, Trade and Commerce | Read More

BRAEMAR SA recruits for the future

John Walker In a move which reinforces its commitment to future growth, Braemar (Incorporating The Salvage Association), (Braemar SA), announces important new additions to its worldwide team of marine surveyors and consultants, as well as the opening of two new locations. In the growing New York office,...

March 27th, 2013 | P and I Clubs | Read More

ITIC warns on costs of US documentary disclosure

ITIC has warned that onerous documentary disclosure rules in the US courts can drastically increase the cost to shipping interests of defending even without-merit claims. In the latest issue of its Claims Review, ITIC cites a case involving the manager of a number of cruise ships which was sued by a...

March 26th, 2013 | P and I Clubs | Read More

New Methods of Pirate Attacks in the East and West of Africa

Iro J. Theofanides Maritime Community must face up to new methods of pirate attacks in East and West Africa, writes Iro J. Theofanides Horn of Africa (Somalia) Attacks off Somalia have fallen by 65 percent to the lowest level since 2009 according to the International Maritime Bureau. The Bureau recognises...

March 22nd, 2013 | Bribery and Corruption, Health and Safety, HR, Military, News, P and I Clubs, Piracy and Terrorism, Safety and Security, Sanctions, Seizures | Read More

TT Talk – Do your container fleets meet the latest safety standards?

The safety of containers was initially addressed when there were tens of thousands of units. Now, some 45 years later, there are tens of millions in circulation. The International Maritime Organization (IMO) has been reviewing the processes associated with the Convention for Safe Containers – are...

March 20th, 2013 | Container shipping, Marine Insurance, P and I Clubs, Safety and Security, Trade and Commerce | Read More

Onboard Safety advice is reinforced

“There is an insistent need to create awareness of the circumstances which have too often resulted in the death or injury of crew members entering enclosed spaces on board ship.” This is the introduction to the American P&I Club’s latest e-learning tool that has been produced by Shipowners...

March 18th, 2013 | P and I Clubs, Safety and Security | Read More

Giant ships are being built without thought of casualty risk, warns Andreas Tsavliris of International Salvage Union, as he pleads for fair rewards for salvors

Andreas A. Tsavliris, Fred Hardy and Jim Davis Giant ships are being built without thought of casualty risk, warns Andreas Tsavliris of International Salvage Union, as he pleads for fair rewards for salvors A stark warning that giant ships are being built without heed to how emergencies at sea can be...

March 11th, 2013 | Conferences, Seminars, Forums, Events, Marine Insurance, P and I Clubs, Safety and Security, Salvage, Towage, Wreck Removals | Read More

Oil Pollution indemnity clause for penalties and fines

In October 2012, an International Group recommended charterparty clause was drafted to address the concerns raised by owners and charterers in respect of the amendments to Australian legislation1 introducing increased penalties for pollution from ships and damage to the marine environment. Since the...

March 7th, 2013 | News, Oil Spill, P and I Clubs, Pollution | Read More

Thomas Miller strengthens Asia Pacific regional office

Hugo Wynn-Williams Andrew Jones Andrew Jones has been appointed Chief Executive Officer of Thomas Miller (Asia Pacific) Ltd with effect from April 2013. He will be responsible for providing services to all Thomas Miller’s managed Clubs in the region, particularly the UK P&I, the TT, the UK Defence,...

March 4th, 2013 | P and I Clubs | Read More

NORTH P&I Club consolidates its position at the 2013 renewal

The ‘A’ rated North P&I club achieved another successful renewal on 20 February 2013, consolidating the club’s position as one of the largest and most financially secure members of the International Group of P&I Clubs. Owned tonnage entered in North increased from 123 million GT at the...

February 28th, 2013 | P and I Clubs | Read More

Oil Pollution Risk at Pointe Noire, Congo

LOOKOUT Category: Pollution Date: 25/02/2013 Area: Africa We would like to inform Members of the continuing problem of oil pollution in the port of Pointe Noire, Congo, and the subsequent risk of hull contamination. In September 2012 an oil pipeline in the port was struck during dredging operations....

February 25th, 2013 | P and I Clubs, Pollution | Read More

Shipowners commit to UK Club in tough market

Hugo Wynn-Williams The UK P&I Club (the UK Club) announces that it has attracted over three million gross tons of new tonnage, following the closure of the renewal season on Wednesday, 20 February, 2013. At conclusion of renewal the Club’s tonnage stands at around 120 million gross tons. ...

February 25th, 2013 | P and I Clubs | Read More

American Club adds new talent to management line-up

Colin Snell Key appointments in underwriting and survey & technical departments New York, February 18, 2013*: Shipowners Claims Bureau Inc., managers of the American P&I Club, has made new appointments in its underwriting and survey & technical departments. Colin Snell has been recruited...

February 19th, 2013 | HR, P and I Clubs | Read More

Atlantic Marine Associates introduces new surveying and consultancy arm

John Poulson John Poulson heads AMA Consulting Services as market reach is extended New York, February 18, 2013*: Atlantic Marine Associates Inc. (AMA), a member of the Eagle Ocean Group, which includes Shipowners Claims Bureau Inc., managers of the American P&I Club, has extended its business reach...

February 19th, 2013 | Marine Equipment Products and Services, P and I Clubs, Technical | Read More

NORTH P&I CLUB launches post-repatriation medical scheme for Filipino seafarers

The ‘A’ rated, 170 million GT North P&I club has launched a new scheme to help its members ensure their Filipino crew members receive the most efficient, high quality treatment when repatriated to the Philippines as a result of injury or illness at sea. A clinic in Manila has been appointed to...

February 15th, 2013 | Health and Safety, P and I Clubs, Safety and Security | Read More

UK Club members receive compliance resources for Maritime Labour Convention

Karl Lumbers UK Club members receive compliance resources for Maritime Labour Convention The UK Club is providing a package of the International Shipping Federation’s (ISF) guide publication “Guidelines on the Application of the ILO Maritime Labour Conventions (2nd edition)” and the Lloyds...

February 13th, 2013 | Corporate Social Responsibility, Health and Safety, Jobs, Manning - Seafarers and Offshore, Maritime Education and Training, Organisations, P and I Clubs, Safety and Security | Read More