Archive for the ‘Marine Insurance’ Category

Wärtsilä awarded a major contract for fourteen tugs from Middle East

Wrtsila 20 engine Wärtsilä Corporation,   6 November 2012 at 12 noon EET Wärtsilä, the marine industry’s leading solutions and services provider, has been awarded the contract to supply the engines and complete propulsion systems for two newbuild vessel projects. The order includes a total...
November 6th, 2012 | Marine Equipment Products and Services, Salvage, Towage, Wreck Removals, Shipbuilding and Shipyards | Read More

The American Club honored by UNESCO – Tuesday 23rd October

The American Club honored by UNESCO – Tuesday 23rd October
l to r: Dorothea Ioannou, General Manager, Shipowners Claims Bureau (Hellas) Inc. Claims liaison office of the Managers of The American Club, Vassilios Bacolitsas, Sea Pioneer Shipping Corp., member of the Board of Directors of The American Club, Ioannis Maronitis, Vice President, Responsible for Europe...
November 2nd, 2012 | Charity, Events, P and I Clubs | Read More

European Union Measures against Iran – Council Decision 2012/635/CFSP

Updated 1st November 2012 TO ALL MEMBERS -2nd November 2012 Background 1. On 15th October 2012 the European Union Foreign Affairs Council agreed further measures restricting trade activities with Iran. The Council Decision 2012/635/CFSP will require an implementing Regulation to give effect to the Decision....
November 2nd, 2012 | P and I Clubs, Politics and Government | Read More

London P&I Club sets general increase for next policy year

 The London P&I Club has set a general increase of 12.5 per cent in annual P&I call rates for the 2013/2014 policy year. Commenting on the background to the decision, Ian Gooch, chief executive of the Club’s management team, says, “Claims in the Club’s retention layer for the current policy...
November 2nd, 2012 | P and I Clubs | Read More

TSAVLIRIS Salvage (International) Ltd: the case of General Cargo Vessel “EVERTON”

TSAVLIRIS Salvage (International) Ltd: the case of General Cargo Vessel “EVERTON”
The Teras Hydra On Wednesday 26th September 2012, the General Cargo Vessel EVERTON of GT 6, 714 and DWT 8, 874 respectively, fully laden with containers, was immobilized (with blackout) due to fire in the engine room and in the accommodation at Mozambique Channel, approximately 180 nautical miles east...
November 2nd, 2012 | News, Salvage, Towage, Wreck Removals | Read More

Introducing T&T Salvage, LLC New Logo and Name – Same Great People and Service

October 31, 2012  OVERNIGHT- We are pleased to announce that T&T Salvage, LLC is the new name of T&T BISSO. The change follows the Teichman Group’s acquisition of BISSO MARINE’s fifty percent share of T&T BISSO, LLC. The acquisition brings the renamed company fully under the umbrella...
November 1st, 2012 | Salvage, Towage, Wreck Removals | Read More

European Union Measures against Iran – Council Decision 2012/635/CFSP – Frequently Asked Questions (updated on 30th October 2012)

TO ALL MEMBERS – 31st October 2012 Background 1. On 15th October 2012 the European Union Foreign Affairs Council agreed further measures restricting trade activities with Iran. The Council Decision 2012/635/CFSP will require an implementing Regulation to give effect to the Decision. Any new implementing...
October 31st, 2012 | P and I Clubs, Safety and Security | Read More

UK P&I Club announces 2013 policy year general increase and premium discount for 2011

UK P&I Club announces 2013 policy year general increase and premium discount for 2011
Dino Caroussis At its annual board meeting on 29 October 2012, the board of the UK P&I Club (the Club), one of the oldest shipping protection and indemnity insurance mutuals, agreed that the general increase for 2013 renewal will be 7.5 per cent.The premium rating increase is in addition to any increase...
October 31st, 2012 | News, P and I Clubs | Read More

GAC Protective Solutions calls for multi-layered, non-lethal approach to sea defence

GAC Protective Solutions has published a new position paper calling for ship owners and operators to adopt a more systematic approach to sea defence that is based upon a multi-layered model of non-lethal risk mitigation measures, rather than automatically relying on armed guards for vessel protection. The...
October 31st, 2012 | Piracy and Terrorism, Safety and Security | Read More

US Coast Guard Safety Alert – Problem with Mustang Inflatable PFDs CRM:0164228

US Coast Guard Safety Alert – Problem with Mustang Inflatable PFDs CRM:0164228 Category: Safety Date: 30/10/2012 Area: Worldwide We would like to advise our Members that US Coast Guard has issued a safety alert on certain Mustang Survival Inflatable PFDs with Hammar MA1 hydrostatics (HIT) inflation...
October 30th, 2012 | P and I Clubs, Safety and Security | Read More

Sandy smashes property on land and sea, testing the global reinsurers that AM Best recently judged well capitalised

Sandy smashes property on land and sea, testing the global reinsurers that AM Best recently judged well capitalised
John Andre, Group vice-President AM Best Company Sandy smashes property on land and sea, testing the global reinsurers that AM Best recently judged well capitalised  By James Brewer Raging through North America, super-storm Sandy has already cost lives and wreaked much property damage – with casualties...
October 30th, 2012 | Environment, Insurance and Reinsurance, News, Ports & Terminals, Safety and Security | Read More

The AMVER Awards 2012 in Athens – the President’s speech

The AMVER Awards 2012 in Athens – the President’s speech
  The President of the Propeller Club Antonis D. Faraklas delivering his welcome speech Following our reporting on the AMVER Awards Athens 2012 on the 25th of October, we bring you herebelow the President’s Antonis D. Faraklas brief, but to the pont, welcome speech:Dear Honorary Guests, As...
October 29th, 2012 | Charity, Events, Safety and Security | Read More

HOT PORT NEWS from GAC

Your daily* news service from ports around the world. In this HOT PORT NEWS, read about: United States, New York, NewYork – Suspension of subway, bus & commuter rail transport United States, Chesapeake, Maryland – Maritime Port Condition ZULU set for Chesapeake Bay Entrance United...
October 29th, 2012 | Ports & Terminals, Safety and Security | Read More

“New Liferaft Station vital to efficient passage through Suez Canal” says GM for WSS Egypt

Work taking place inside the new Service Station Wilhelmsen Ships Service (WSS) has opened a new liferaft service station in Suez, Egypt, which will service vessels transiting the Suez Canal and Egypt’s main ports. Russell Dinwoodie; General Manager WSS Egypt said: “With over 17, 000 vessel transits...
October 29th, 2012 | Marine Equipment Products and Services, Safety and Security | Read More

London P&I Club warns on unsafe Sierra Leone iron ore cargoes

The London P&I Club has warned that ships are being offered iron ore cargoes for loading in Sierra Leone which are unsafe, and that limited local expertise and technology, together with poor communications, are exacerbating the problems. In the latest issue of its StopLoss Bulletin, the club notes...
October 26th, 2012 | P and I Clubs, Safety and Security | Read More

NGOs call on progressive EU governments to protect developing countries against hazardous shipbreaking waste

EU Environment Council taking dangerous steps regarding ship recycling, could legalize export of toxic waste to developing countries Brussels, 25 October 2012 – The NGO Shipbreaking Platform, a global coalition of human rights, labour rights and environmental organisations, is applauding progressive...
October 25th, 2012 | Health and Safety, Ship Demolitions | Read More

AMVER Awards Athens 2012

AMVER Awards Athens 2012
l to r: Irene Ralli, H.E. the American Ambassador Daniel Smith and the President of the propeller Club Antonis D. Faraklas Once more the International Propeller Club of the United States, International Port of Piraeus in cooperation with the United States Embassy to the Hellenic Republic and the United...
October 25th, 2012 | Charity, Events, Safety and Security | Read More

IMarEST 2012 President’s Day Lecture

IMarEST 2012 President’s Day Lecture
  Professor John Carlton, former IMarEST president with the speaker Malcolm Vincent, IMarEST’s current president One of the best ever events of The Institute of Marine Engineering, Science and Techology was this year’s President’s Day Lecture at Trinity House on the 9th of October.We are...
October 25th, 2012 | Associations, Conferences, Seminars, Forums, Maritime Education and Training, Safety and Security, Shipbuilding and Shipyards | Read More

Severe floods in Argentina affect port terminals at San Lorenzo

Severe floods in Argentina affect port terminals at San Lorenzo ISS Argentina is advising that severe floods are affecting shore-based logistical support at a number of port terminals in San Lorenzo – San Martin Port.  Terminals disrupted include Vincentin, Nidera, Toepfer and LD-Timbues-Noble. Latest...
October 25th, 2012 | Marine Equipment Products and Services, Ports & Terminals, Safety and Security | Read More

Keeping a lookout means actively looking

This news come from the Shipowners’ Cub: Category: Navigation Vessel type: All vessels Issue date: 25/10/2012 orig. 09/2012 Case number: 26 The below Case study has been taken from: Maritime New Zealand The incident The 33 metre, fast ferry catamaran was on a scheduled night voyage, in light...
October 25th, 2012 | Health and Safety, P and I Clubs | Read More

Pirate threat increases on West African Coast

From the Shipowners’ Club: Category: Safety Date: 23/10/2012 Area: Africa We would like to advise Members that the International Chamber of Commerce (ICC) International Maritime Bureau’s Piracy Reporting Centre has recommended extreme vigilance on board ships in West African waters. Since mid-August...
October 23rd, 2012 | P and I Clubs, Piracy and Terrorism | Read More

Young International Freight Forwarder of the Year: ‘And the winner is…….’

(l-r) Ivan Liptuga, FIATA Vice Presidents, Daniel Terbille, Winner of the Young International Freight Forwarder of the Year Award, and Andrew Kemp, EMEA Regional Director, TT Club The Award, sponsored by TT Club, the leading provider of international freight transport insurance, has been won this year...
October 22nd, 2012 | P and I Clubs | Read More

CYMEPA gala dinner

CYMEPA gala dinner
  Sir Stelios receives the commemorative plaquette from the Presidential Commissioner George Iacovou (centre) and CYMEPA President George Tsavliris. The 20th Anniversary of the establishment of CYMEPA was commemorated by a Gala Dinner organized on the 15th of October 2012 at Apollonia Hotel in Limassol...
October 22nd, 2012 | Environment, Events, Salvage, Towage, Wreck Removals | Read More

New UK bribery guidance: Green turns on a red light

Since becoming Director of the UK’s Serious Fraud Office (SFO), David Green CB QC has not wasted time in stamping his own authority on the organisation and reasserting its primary role as a prosecutor. The honeymoon period for self-reporting under the previous Director is over. As one commentator has...
October 18th, 2012 | Legal, Maritime Fraud | Read More

HMS Lutine Treasure and Salvage

Tue 16 Oct 2012 – For over two hundred years, treasure seekers and salvage crews have been galvanised by stories of gold bars lying in shallow shores off the North Sea. Part I of this series looked at how HMS Lutine, on route from the UK to Hamburg, with a cargo of gold bars, sank off the coast...
October 16th, 2012 | Maritime History and Museums, Salvage, Towage, Wreck Removals | Read More