Archive for the ‘Marine Insurance’ Category

Piraeus Association for Maritime Arbitration- Shanghai Arbitration Commission

Piraeus Association for Maritime Arbitration- Shanghai Arbitration Commission
Aiming to strengthen the relations and to develop the mutual cooperation in the field of commercial arbitration, the Piraeus Association for Maritime Arbitration and the Shanghai Arbitration Commission agreed to implement the provisions according to a signed protocol during their recent meeting at the...
July 28th, 2014 | Arbiitration, Associations, Claims, Disputes, Events, Legal, Shipbuilding and Shipyards | Read More

Russian insurers face premium and reserving risks…

Russian insurers face premium and reserving risks…
Chris Waterman and Anastasia Litvinova of Fitch Ratings Russian insurers face premium and reserving risks, Fitch Ratings warns,  By James Brewer The Russian insurance sector remains over-reliant on loss-making motor business, where new rules have made it even more difficult to turn a profit, according...
July 26th, 2014 | Associations, Marine Insurance, Markets, News | Read More

ABPmer provides Shetland Islands Council with MarNIS toolkit to manage marine risk

ABPmer provides Shetland Islands Council with MarNIS toolkit to manage marine risk
ABPmer, a leading UK marine consultancy, has been commissioned to provide Shetland Islands Council with a MarNIS “Port Assessment Toolkit” to manage marine risk. Shetland, the northernmost part of the United Kingdom, has over 900 miles of coastline with several ports and many piers. The largest...
July 24th, 2014 | Logistics, Marine Insurance, Ports & Terminals | Read More

North P&I Club publishes new edition of “Mills on Bills”

North P&I Club publishes new edition of “Mills on Bills”
The 181 million GT, ‘A’ rated North P&I club has published a new edition of its popular loss-prevention guide on bills of lading. Written by leading international shipping lawyer and mediator Stephen Mills, the third edition of Bills of Lading: A Guide to Good Practice has been comprehensively...
July 24th, 2014 | Books, P and I Clubs, Reports | Read More

IMB reports worrying trend of small tanker hijacks in Southeast Asian waters

IMB reports worrying trend of small tanker hijacks in Southeast Asian waters
Pottengal Mukundan. London, 24 July 2014 – The Piracy Reporting Centre (PRC) of the International Chamber of Commerce (ICC) International Maritime Bureau (IMB) raises concerns over a worrying trend of small tanker hijacks in its 2014 half yearly report released today. Globally, 116 incidents of piracy...
July 24th, 2014 | Corruption, Maritime Fraud, Military, News, Organisations, Piracy and Terrorism, Regulatory, Safety and Security, Statistics | Read More

JPOA: Iran sanctions relief extended

JPOA: Iran sanctions relief extended
23 July 2014 – On 19 July 2014, the Joint Plan of Action (JPOA) agreed by Iran and the P5+1 (China, France, Germany, the Russian Federation, the United Kingdom, and the United States), with support from the European Union, was extended for a further four months by mutual consent. This means that...
July 23rd, 2014 | European Union, Legal, Military, Politics and Government, Sanctions, UN | Read More

Council adopts regulation on European Maritime Safety Agency funding

Council adopts regulation on European Maritime Safety Agency funding
The Council today adopted1 a regulation to finance the actions of the European Maritime Safety Agency (EMSA) in the field of response to marine pollution caused by ships and oil and gas installations in the years 2014 to 2020 (PE-CONS 66/14). Today’s final adoption of the legislative act by...
July 23rd, 2014 | Associations, European Union, Flags, IMO, Organisations, Politics and Government, Regulatory, Safety and Security, UN | Read More

USCG to assist Jamaica with MRO…

U.S. Coast Guard to assist Jamaica with Mass Rescue Operations (MRO) planing and capacity building Jamaica’s readiness for Mass Rescue Operations (MRO) in its maritime space will be boosted July 22-24, 2014 with the assistance of a subject matter expert from the U.S. Coast Guard, who will conduct...
July 23rd, 2014 | Associations, Health and Safety, Maritime Accidents, Organisations, Politics and Government, Regulatory, Safety and Security | Read More

Master pieces, Master criminals

Master pieces, Master criminals
Tuesday 22 July 2014 – The FBI puts the worldwide cost of crimes linked to art at nearly $4bn a year – eclipsed only by the drugs and arms trades. And yet fewer than half of stolen works are insured.  (source: Lloyd’s of London) In the run-up to Christmas last year, national news broadcast...
July 22nd, 2014 | Art and auctions, Associations, Corruption, Insurance and Reinsurance, Paintings and Sculpture | Read More

Singapore Approves Danelec Marine’s New-Generation VDR

Singapore Approves Danelec Marine’s New-Generation VDR
(Birkeroed, Denmark – July 21, 2014) – (Marine NewsWire) The Maritime and Port Authority of Singapore has issued a certificate of approval for the Danelec DM100 VDR for installation on ships under the Singapore registry. The Singapore approval follows on the type approval and European Union Wheelmark...
July 21st, 2014 | IT and Communications, Marine Equipment Products and Services, Safety and Security | Read More

Earthquakes: Nature’s most destructive force

Earthquakes: Nature’s most destructive force
the aftermath of an earthquake, an island appears.. Friday 18 July 2014 – They’re a daily occurrence, and while the mildest tremors go unnoticed, the most violent tear the countryside apart, reduce cities to rubble and generate terrible personal and economic losses. Better buildings, infrastructure...
July 18th, 2014 | Earthquakes, Tsunamis, Cyclones and Typhoons, Insurance and Reinsurance | Read More

The Alexandros T: Court of Appeal bows to the Supreme Court and upholds settlement

The Alexandros T: Court of Appeal  bows to the Supreme Court and upholds settlement
Mike Mallin After a tortuous journey up to the Supreme Court, this case has finally found its way back to the Court of Appeal which, in a significant judgment delivered earlier today, has affirmed the right under English law of a party to a contract to obtain damages from the other contracting party...
July 18th, 2014 | Legal, Marine Insurance | Read More

Hot Port News from GAC

Hot Port News from GAC
Partnership formed for creation of recycling hub July 18, 2014, United Kingdom, Tilbury Suez Environment subsidiary SITA UK and Forth Ports Limited have announced a long-term partnership that will see the creation of a major recycling and resource management hub based at the Port of Tilbury on the...
July 18th, 2014 | Earthquakes, Tsunamis, Cyclones and Typhoons, Port Conditions, Ports & Terminals, Strikes, Weather | Read More

OSCAR Dragon Boat Race…

OSCAR Dragon Boat Race…
The Parrys OSCAR Dragon Boat Race – uniting the shipping industry to raise funds for Great Ormond Street Hospital Children’s Charity The 16th of September will be the day professionals from the shipping community come together to take part in the eagerly anticipated team Dragon Boat Race event which...
July 17th, 2014 | Associations, Charity, Clubs, Corporate Social Responsibility, Health and Safety, HR, Sports | Read More

ICHCA International confirms new Chair and Deputy Chair for ISP Technical Panel

ICHCA International confirms new Chair and Deputy Chair for ISP Technical Panel
Jan Boermans of DP World and Bill Brassington from ETS Consulting will head up ICHCA International’s expert technical panel on cargo handling safety and operational best practice. London, 17.07.2014 – ICHCA International, the global cargo handling NGO, has announced Jan Boermans, Regional HSE Director...
July 17th, 2014 | HR, Safety and Security, Technical | Read More

Hot Port News from GAC

Hot Port News from GAC
Typhoon Rammasun south of Hong Kong July 17, 2014, Hong Kong, all ports At 2pm local time today (17 July) Typhoon Rammasun was estimated to be about 630km south of Hong Kong (near 16.7 deg.N/ 115.1 deg.E) and forecast to intensify and move northwest at about 22 km per hour in the general direction...
July 17th, 2014 | Bunkering, Earthquakes, Tsunamis, Cyclones and Typhoons, Port Conditions, Ports & Terminals, Strikes | Read More

American Club extends its e-learning assistance to ship operators and crew

  The American P&I Club has added to its library of e-learning modules released in co-operation with IDESS IT in the Philippines. The new module covers compliance with The Code of Practice for the Safe Loading and Unloading of Bulk Carriers (BLU Code). The aim is to familiarise members and their...
July 17th, 2014 | Academia, Associations, HR, IT and Communications, Marine Insurance, Maritime Education and Training, P and I Clubs | Read More

Freezing injunctions and pollution claims: the NISSOS AMORGOS

Freezing injunctions and pollution claims: the NISSOS AMORGOS
Helen McCormick The Commercial Court has granted Gard a freezing order over the assets of the 1971 International Oil Pollution Compensation Fund in support of a claim brought by the Club against the Fund in England. Following changes to the compensation regime in the early nineties, many states ceased...
July 17th, 2014 | Environment, Legal, Marine Insurance, Oil Spill, Pollution | Read More

IUMI turns the spotlight on Asia….

IUMI turns the spotlight on Asia….
Ole Wikborg IUMI turns the spotlight on Asia as it gears up for its 2014 annual conference in Hong Kong,  By James Brewer  A strong emphasis on Asian markets will be a feature of the 2014 annual conference of the International Union of Marine Insurance (IUMI), it is clear from the agenda for the major...
July 17th, 2014 | Associations, Marine Insurance | Read More

Limitation fund by guarantee: ATLANTIK CONFIDENCE

Limitation fund by guarantee: ATLANTIK CONFIDENCE
Michael Ritter On 6 March 2014, the English Court of Appeal (Civil Division) handed down their judgment of Kairos Shipping Limited v. Enka & Co. LLC (and Others)1. Lady Justice Gloster, giving the leading judgment, ruled that as a matter of English law, pursuant to the Convention on Limitation...
July 16th, 2014 | Banking, Legal, Marine Insurance, News, P and I Clubs | Read More

The “Costa Concordia” is finally afloat

The “Costa Concordia” is finally afloat
Costa Concordia seen during the operations to put it afloat. Photo: PA Costa Concordia is now afloat, Costa Cruises has confirmed. “The Concordia’s stern and bow are now detached from the false sea bed by about 1m, ” the company said. (source: IHS Fairplay) The wreck is now afloat due...
July 16th, 2014 | Associations, Cruise Industry, Headlines, Maritime Accidents, News, Oil Spill, Pollution, Safety and Security, Salvage, Towage, Wreck Removals, Underwater Shipping | Read More

PC Maritime ECDIS enhanced for revised VDR Standards

PC Maritime ECDIS enhanced for revised VDR Standards
PC Maritime have upgraded their ECDIS so that it meets the requirements of the new VDR Performance Standard (MSC.333 (90) which came into force on 1 July 2014. From 1 July 2014 VDR installations must: * include the ability to capture ECDIS screenshots at least every 15 seconds, * record the charts in...
July 16th, 2014 | IT and Communications, Marine Equipment Products and Services, News, Regulatory, Safety and Security, Technical, Technology | Read More

Hot Port news from GAC

Hot Port news from GAC
LIVE FIRING EXERCISES Angola, Soyo TROPICAL STORM EXPECTED TO MAKE LANDFALL TODAY Philippines, all ports CONVEYOR BREAK-DOWN Australia, Port Kembla Live firing exercises July 15, 2014, Angola, Soyo From 14-19 July 2014, the Angolan Armed Forces are carrying out live artillery firing exercise on land,...
July 15th, 2014 | Earthquakes, Tsunamis, Cyclones and Typhoons, Environment, Oceanology, Port Conditions, Ports & Terminals, Safety and Security, Weather | Read More

StormGeo lists its first bond issue on Oslo Børs

StormGeo lists its first bond issue on Oslo Børs
15/07/2014 – StormGeo Holding AS lists its first bond issue on Oslo Børs today. StormGeo is a global weather services provider with operations in offshore, renewables, media, corporate enterprise and shipping industries. The bond loan that is admitted to listing today – StormGeo Holding...
July 15th, 2014 | Earthquakes, Tsunamis, Cyclones and Typhoons, Environment, Markets, Oceanology, Stock Markets, Weather | Read More

ITF helps people of Gaza

ITF helps people of Gaza
Unloading one of the relief flights in 2009 14 July 2014 – With the death toll rising daily in Gaza the ITF today called for an immediate ceasefire and launched an urgent humanitarian appeal for those affected. Condemning the Israeli airstrikes into Gaza as a disproportionate response – that...
July 14th, 2014 | Aviation, Charity, Health and Safety, ITF, Logistics, Military, Piracy and Terrorism, Politics and Government, Safety and Security, UN | Read More