Archive for the ‘Marine Insurance’ Category

Pushing Ahead with Security Standards

Pushing Ahead with Security Standards
HQS The Wellington The Security Association for the Maritime Industry (SAMI) and its certification partner, RTI held an event on board HQS The Welligton to announce the launch of their pilot scheme assessing companies against the ISO/PAS 28007:2012 Guidelines for Private Maritime Security Companies (PMSC)...
June 24th, 2013 | Events, Piracy and Terrorism, Safety and Security | Read More

SSA appeals to Indonesia to stop the forest fires

SSA appeals to Indonesia to stop the forest fires
Singapore Financial Centre – picture credits: S. Venardos SSA appeals to Indonesia to stop the forest fires Grave concerns on safe navigation through Straits of Malacca and Singapore The Malacca and Singapore Straits is a strategic gateway in world trade and one of the world’s busiest waterways....
June 21st, 2013 | Breaking News, Health and Safety | Read More

Incident Involving the Containership MOL Comfort – 5th update

Incident Involving the Containership MOL Comfort  – 5th update
The aft part of the broken vessel TOKYO- Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) updates the status of the containership MOL Comfort as of 23:00 JST (18:00 Dubai time) on June 20, 2013. The vessel could not continue sailing under its own power from June 17 because the hull fractured in...
June 21st, 2013 | Health and Safety, Maritime Accidents | Read More

MOL Comfort an “Incident of Great Concern” – IACS Chairman

MOL Comfort an “Incident of Great Concern” – IACS Chairman
Tom Boardley MOL Comfort an “Incident of Great Concern” – IACS Chairman, By Rob Almeida  – on June 19, 2013 “We can’t prejudge, and we’re not directly involved, ”commented Tom Boardley, Marine Director at Lloyd’s Register and Chairman of the International Association of Classification...
June 19th, 2013 | Health and Safety, Maritime Accidents | Read More

ITF seafarers’ chair: ‘Time to put fairness at heart of maritime world’

The ex “Swanland” 19 June 2013 – ITF seafarers’section chair Dave Heindel has echoed the Global Unions’ call to the G8 meeting to put fairness at the heart of their economies and added a plea for the same principles to be applied to the maritime world. He stated: “The Global Unions’...
June 19th, 2013 | ITF, Maritime Accidents | Read More

TT Club Championing Cargo Safety at Rotterdam Conference

TT Club Championing Cargo Safety at Rotterdam Conference
Peregrine Storrs-Fox Specialist liability insurer for the international transport and logistics industry, TT Club is keen to focus industry attention on the risks associated with the incorrect packing and securing of cargo in containers and the debate over the accurate weighing of containers.  London...
June 19th, 2013 | P and I Clubs | Read More

Update: Incident Involving the Containership MOL Comfort

Update: Incident Involving the Containership MOL Comfort
TOKYO—Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) reports that the containership MOL Comfort could not continue sailing under its own power because the hull suffered a crack amidships while under way on the Indian Ocean. The vessel was fractured in two parts, fore and aft. At about noon...
June 18th, 2013 | Breaking News, Maritime Accidents | Read More

Incident with Containership MOL Comfort

Incident with Containership MOL Comfort
TOKYO—Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) reports that the MOL-operated containership MOL Comfort, while under way from Singapore to Jeddah on the Indian Ocean (12’30”N 60’E) at about noon JST(07:00 local time) on June 17, 2013 during inclement weather, suffered a crack...
June 17th, 2013 | Maritime Accidents | Read More

ITF seminar inspires HIV positive union leader to speak out

ITF seminar inspires HIV positive union leader to speak out
participants at HIV seminar, Malawi 14 June 2013 – The recent ITF Africa regional HIV/AIDS seminar in Malawi so inspired Davison Kambudzi, general secretary of the Central East Africa Railway Workers Union, that he said publicly for the first time that he had been living positively for four years. Kambudzi...
June 15th, 2013 | Health and Safety, ITF | Read More

Shipowners’ Club 2013 Results Show Growth and Long-term Stability

Shipowners’ Club 2013 Results Show Growth and Long-term Stability
The Shipowners’ Club, the specialist P&I mutual serving the smaller and specialist vessel sectors around the world, has achieved a very good result for the year ended 20th February 2013, in spite of still difficult economic conditions and an increasingly competitive market.  London, Luxembourg,...
June 14th, 2013 | Company Profiles, P and I Clubs | Read More

ITF comment on Swanland sinking report

ITF comment on Swanland sinking report
The ex “Swanland” 14 June 2013 – After fully studying the United Kingdom Marine Accident Investigation Branch’s (MAIB’s) report into the Swanland sinking, the ITF (International Transport Workers’ Federation) has issued the following statement. The ITF condemns the lack of effective...
June 14th, 2013 | Health and Safety, ITF, Marine Insurance, Maritime Accidents, News, Safety and Security | Read More

An explosion in Turkey will be devastating…*

An explosion in Turkey will be devastating…*
Without prejudice …clouds over the Straits of Bosporus, with its famous bridge linking Europe and Asia. Photo credit Anny Zade An explosion in Turkey will be devastating…* By John Faraclas The Americans have an interesting expression which refers to “new kids on the block”** and this matches...
June 9th, 2013 | Breaking News, Canals, Country Profiles, Energy, Environment, European Union, Holidays, ITF, Marinas, Marine Insurance, Markets, Mediterranean Shipping, Military, Ocean Shipping, Organisations, People and Places, Politics and Government, Port Conditions, Ports & Terminals, Shipbuilding and Shipyards, Stock Markets, Story of the Month, Tourism, Trade and Commerce, UN, Yachting | Read More

Who pays IMF’s damaging attitude towards Greece?

Who pays IMF’s damaging attitude towards Greece?
The Greek Parliament Time and again* this site has stressed the fact that not only is Greeks (government officials –prime ministers, ministers, the lot) to blame for the post junta financial collapse of Greece – add two silent / “hidden” bankruptcies in 1985 and 2009, but also all non-Greeks...
June 9th, 2013 | Breaking News, Bribery and Corruption | Read More

Multraship strengthens fleet with ASD tug

Multraship strengthens fleet with ASD tug
Multratug 20. LEADING towage and salvage specialist Multraship has further strengthened its multipurpose fleet with the addition of the ASD tug Multratug 20. Multraship has contracted with international broker and consultant DSB Offshore for the long-term bareboat charter of the 72-ton bollard-pull...
June 7th, 2013 | News, Salvage, Towage, Wreck Removals | Read More

UK P&I Club announces new terms for hybrid capital

UK P&I Club announces new terms for hybrid capital
Hugo Wynn-Williams London 7 June 2013.  The UK P&I Club, one of the oldest shipping protection and indemnity insurance mutuals, today announces that it has completed the consent solicitation process on its hybrid capital bond (the Capital Securities) and has agreed with bondholders to: (a)      ...
June 7th, 2013 | Company Profiles, P and I Clubs | Read More

Following the Path of the Transport Revolution

Following the Path of the Transport Revolution
Charles Fenton London, 6th June 2013 – TT Club, established to fill a gap in insurance as the freight container revolutionised trade, celebrates 45 years dedicated service to the transport and logistics sector. In 1956, the first strengthened containers were loaded onto a spar deck of the converted...
June 6th, 2013 | Container shipping, P and I Clubs | Read More

Enhancing lifeboat safety

Enhancing lifeboat safety
 Oslo: DNV is taking lifeboat safety one step further. The company claims that maritime lifeboat safety will be enhanced by transferring offshore lifeboat design practices to ships. by Per Wiggo Richardsen The shortcomings of existing free fall lifeboat designs were revealed in a number of incidents...
June 5th, 2013 | Safety and Security | Read More

New Voyager 4 reduces risk of deficiency detentions

New Voyager 4 reduces risk of deficiency detentions
With chart and nautical publication management highlighted as one of the most common reasons for deficiency detentions by Port State Control (PSC), ship operators are calling for new and effective navigation solutions. The unique features of Thomas Gunn’s new Voyager 4 digital chart management system,...
June 4th, 2013 | Safety and Security | Read More

Hellenic War Risks Club reduces Member Premiums

Hellenic War Risks Club reduces Member Premiums
Andrew Ward 3 June 2013 -Members of the Hellenic War Risks Club (“the Hellenic”) will be paying 50% less annual premium for their war risks insurance following a decision by Club Directors to waive the second instalment of the 2013 annual premium. The Directors’ decision, advised to Members by...
June 3rd, 2013 | Marine Insurance, P and I Clubs | Read More

Jebel Ali Port meets UN security standards

Jebel Ali Port meets UN security standards
Dubai hub is first port in the Middle East to receive benchmark United Nations Department of Safety and Security certificate Dubai, United Arab Emirates, May 27, 2013:- Global marine terminal operator DP World announced today (27 May) that its flagship Jebel Ali Port has become the first port in the...
May 31st, 2013 | Ports & Terminals, Safety and Security | Read More

Loyal and perceptive, Lady Thatcher astutely managed the art of the possible

Loyal and perceptive, Lady Thatcher astutely managed the art of the possible
Georgina Natzio, a writer specialising in defence matters, pays tribute to the former Prime Minister Baroness Thatcher, who died at the age of 87 on April 8 2013. Margaret Thatcher, “Mrs Thatcher, ” as she was known during her long political career, had a disadvantage, in that she was regarded...
May 30th, 2013 | Defense, Military | Read More

VIKING spotlights in-demand products and new servicing efficiencies

VIKING spotlights in-demand products and new servicing efficiencies
Marine safety equipment leader VIKING Life-Saving Equipment will take advantage of Nor-Shipping 2013 to help shipowners make safety equipment and servicing a smooth and problem-free experience. Optimizing in-port efficiency Having revolutionized the safety equipment servicing world with far-reaching,...
May 30th, 2013 | Health and Safety, Marine Equipment Products and Services, Safety and Security | Read More

Paris MOU ready for Maritime Labour Convention

Paris MOU ready for Maritime Labour Convention
Richard Schiferli The Paris Memorandum of Understanding on Port State Control (Paris MoU) held its 46th Committee meeting in Valletta, Malta, from 20 – 24 May 2013. The meeting was attended by members, the European Commission, EMSA, Montenegro,  observers from the ILO, US Coast Guard, Black...
May 28th, 2013 | News, Safety and Security | Read More

WSS’s Liferaft Rental program ‘convenient and cost efficient’

WSS’s Liferaft Rental program ‘convenient and cost efficient’
Iino Marine Service, one of the leading ship management companies in Japan, has been a customer of the Liferaft Rental and Exchange program (LRE) since 2010. Mr. Araki, Director of Iino Marine Service said: “Operating a high number of vessels on global trading patterns means that we are constantly...
May 24th, 2013 | Safety and Security | Read More

London P&I Club reports increased free reserves

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