Archive for the ‘Marine Insurance’ Category

ITIC puts members on alert after uncovering fraudulent diversion of cash

ITIC puts members on alert after uncovering fraudulent diversion of cash
International Transport Intermediaries Club (ITIC) has warned its members to perform proper bank account checks when transferring funds to principals and intermediaries. The warning comes following the fraudulent diversion of a significant sum of cash transmitted in good faith by ship agents to the master...
December 17th, 2018 | Corruption, Maritime Fraud, P and I Clubs | Read More

IUMI Eye December 2018 Edition published

IUMI Eye December 2018 Edition published
Viewers can see herebelow the link to the International Union of Marine Insurance (IUMI –www.iumi.com) latest edition of the informative IUMI Eye, published today: IUMI EYE December 2018 A few of the key stories include: –          Message from the President –         ...
December 13th, 2018 | Associations, Communication, Marine Insurance | Read More

IMO: MSC 100 summary

IMO: MSC 100 summary
The Maritime Safety Committee (MSC) completed its landmark 100th session, with progress in the regulatory scoping exercise on maritime autonomous surface ships; approval of revised guidelines on fatigue and further updates on work on goal-based standards, polar shipping and safety issues relating to...
December 13th, 2018 | Anniversaries, Health and Safety, IMO, News, Organisations, Safety and Security | Read More

ECSA welcomes the extension of the EU capacity building mission in Somalia

ECSA welcomes the extension of  the EU capacity building mission in Somalia
Martin Dorsman The European shipowners are pleased with the Council’s decision to extent the mandate of the EU capacity building mission in Somalia (EUCAP Somalia) until 31 December 2020. ‘The EU’s engagement in Somalia and the efforts the EU is deploying in this region has contributed to the...
December 11th, 2018 | Associations, Health and Safety, Military, Piracy and Terrorism, Safety and Security | Read More

Rescue diver from China who saved three recognized with IMO bravery accolade

Rescue diver from China who saved three recognized with IMO bravery accolade
Zhong Haifeng with his bravery award certificate A rescue diver from China who made a series of underwater dives to rescue three people from a sunken cargo ship, received the 2018 IMO Award for Exceptional Bravery at Sea during the this year’s IMO Awards ceremony (6 December). Mr. Zhong Haifeng,...
December 10th, 2018 | Awards, Events, Health and Safety, IMO, Maritime Accidents, Safety and Security | Read More

Prohibition of open-loop scrubber systems in Singapore

Prohibition of open-loop scrubber systems in Singapore
On November 30, 2018 Singapore’s Maritime and Port Authority (MPA) declared that, with immediate effect, the discharge of wash water from open-loop exhaust gas scrubbers in the port of Singapore would be prohibited. The IMO’s global sulfur cap bans ships from using fuels with a sulfur content...
December 7th, 2018 | Emissions, Environment, P and I Clubs, Pollution | Read More

Superyachts are being bugged

Superyachts are being bugged
Matt Horan, security director of C3IA Solutions High net worth individuals are becoming increasingly concerned about being bugged on their superyachts, according to a leading expert. Matt Horan, security director of C3IA Solutions, said his teams of ‘bug sweepers’ have been expanded to deal with...
December 7th, 2018 | IT and Communications, Marine Equipment Products and Services, Maritime Fraud, Safety and Security, Technology | Read More

HRAS publishes new legal research paper on Business and Human Rights

HRAS publishes new legal research paper on Business and Human Rights
PRESS RELEASE 6th December 2018 London.UK. Human Rights at Sea publishes its latest legal research paper on maritime business and human rights as part of its ongoing legal research programme. The paper  titled ‘A UN Convention on Business and Human Rights. How it would look like for the maritime...
December 7th, 2018 | Charity, Clubs, Health and Safety, Safety and Security | Read More

The Swedish Club Maintains Zero Per Cent General Increase

The Swedish Club Maintains Zero Per Cent General Increase
Lars Rhodin London – 6 December 2018: For the fourth year in succession The Swedish Club has announced a zero per cent general increase for the forthcoming P&I year. The decision was made by the Club’s board in consideration of the general market view that premiums are not in proportion with...
December 7th, 2018 | News, P and I Clubs, Shipmanagement | Read More

The BDI@1,339: another Capes classic spike!

The BDI@1,339: another Capes classic spike!
John Faraclas The BDI (Baltic Dry Index) gained 43 points – once again thanks to the Capes!!! Geopolitics dodgy. John Faraclas’ daily briefing: The Capes’ BCI  stood at 2,080 plus 155  !!! The Panamaxes’ BPI  cliched just a point and now reads 1,473  .- Same story for the Supras’ BSI now...
December 6th, 2018 | Awards, Dry Bulkcarriers, Events, Conferences,Forums and Symposiums, Exhibitions, Health and Safety, Maritime Accidents, Markets, Reports, Safety and Security, Salvage, Towage, Wreck Removals, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

Visions of the future as Maritime Safety Committee celebrates 100th session

Visions of the future as Maritime Safety Committee celebrates 100th session
John Faraclas Evolution not revolution. Autonomous and remote-controlled ships are being trialled but seafarers, for now, remain indispensable to safe shipping. These were key takeaways from a special session (3 December) of IMO’s Maritime Safety Committee, which is celebrating its 100th session.   Delegates...
December 6th, 2018 | Anniversaries, Events, Health and Safety, News, Safety and Security | Read More

The BDI@1,296; “thanks” once again to the Capes… but: Caution should be observed!

The BDI@1,296; “thanks” once again to the Capes… but: Caution should be observed!
John Faraclas The BDI (Baltic Dry Index) gained 59 points earlier on today as the questionable Capes’ BCI clinched another three-digit points and now stand at 1,925 which is 186 plus since yesterday… and soon might be over and above the 2,000 threshold! John Faraclas’ daily brief: The Panamaxes’...
December 5th, 2018 | Chartering, Claims, Comment, Defense, Disputes, Dry Bulkcarriers, Events, Conferences,Forums and Symposiums, Groundings, Health and Safety, Insight, Marine Insurance, Maritime Accidents, Markets, News, P and I Clubs, Reports, Safety and Security, Shipping Indices, Statistics, Stock Markets, Tankers | Read More

MacGregor deck machinery delivers improved performance capabilities to eight new tugboats

MacGregor deck machinery delivers improved performance capabilities to eight new tugboats
MacGregor understands that detailed consideration of vessel operation and design is key to providing an optimum solution MacGregor, part of Cargotec, has received deck machinery orders for four escort and four harbour tugboats from Cheoy Lee Shipyards Ltd in Hong Kong. The MacGregor winches have been...
December 5th, 2018 | Marine Equipment Products and Services, News, Salvage, Towage, Wreck Removals, Shipbuilding and Shipyards | Read More

LR becomes first class society to be assigned RO status by Canadian Department of National Defence

LR becomes first class society to be assigned RO status by Canadian Department of National Defence
From the signing ceremony between LR and the Canadian Department of National Defence  (John Hicks and Captain (Navy) Jacques Olivier pictured center) 04 December 2018 – On 15 November 2018, Lloyd’s Register (LR) became the first classification society to be assigned RO (Recognised Organisation)...
December 4th, 2018 | Classification Societies, Military, News, Regulatory, Safety and Security | Read More

Hot Port News from GAC

Hot Port News from GAC
04-Dec-2018 REMOVAL OF WRECKED SHIP Dardanelles, Turkey COAST GUARD URGES CAUTION AFTER BARGE CAPSIZE Boston, United States Removal of wrecked ship Tuesday, December 4, 2018, Dardanelles, Turkey Vessel traffic in the Dardanelles will be one-way between 06:00 and 16:00 hours from today (4 December) to...
December 4th, 2018 | Maritime Accidents, Port Conditions, Ports & Terminals, Salvage, Towage, Wreck Removals | Read More

Seafarer survives four days at sea with fractured spine after fall

Seafarer survives four days at sea with fractured spine after fall
Seafarer Adriano Gicos is recovering in hospital with support from Sailors’ Society port chaplain Ailton De Souza A Filipino seafarer is recovering in hospital after fracturing his spine falling from a ladder on 14 November. Adriano Gicos, 55, was descending into the ship’s hold when he slipped...
December 4th, 2018 | Charity, Health and Safety, HR, Manning - Seafarers and Offshore | Read More

Duck Creek Technologies Noted in 2018 Gartner Magic Quadrant Report for Non-Life Insurance Platforms, Europe

Duck Creek Technologies Noted in 2018 Gartner Magic Quadrant Report for Non-Life Insurance Platforms, Europe
Bart Patrick London, UK, 4/12/2018 – Duck Creek Technologies Europe (DCTE) is delighted to announce that its parent company, Duck Creek Technologies, has been positioned as a Leader in the 2018 Gartner “Magic Quadrant for Non-life Insurance Platforms, Europe”. Headquartered in Boston, USA, Duck...
December 4th, 2018 | Company Profiles, Insurance and Reinsurance, Marine Insurance | Read More

Wärtsilä introduces a lifeboat for buildings, a product that should never exist, at Slush Helsinki 2018

Wärtsilä introduces a lifeboat for buildings, a product that should never exist, at Slush Helsinki 2018
Lifeboats for buildings Wärtsilä Corporation 4 December 2018 at 08:00 AM EET – The technology group Wärtsilä launches a product at Slush Helsinki 2018 that should never see the light of day: a lifeboat for buildings. The lifeboats could be used in severe flooding and rising sea levels caused...
December 4th, 2018 | Earthquakes, Tsunamis, Cyclones and Typhoons, Health and Safety, Marine Equipment Products and Services, Technology | Read More

HFW helps BIMCO draft first cyber security clause

HFW helps BIMCO draft first cyber security clause
William MacLachlan, senior associate, HFW Global, sector-focused law firm HFW has helped shipping association BIMCO draft its first cyber security clause. The new clause, which is designed for use in a broad range of contracts, is due to be published in May 2019.  It requires parties to have plans and...
December 3rd, 2018 | BIMCO, Legal, News, Safety and Security | Read More

North P&I Club’s Alan Lo retires after 23 years with the Club

North P&I Club’s Alan Lo retires after 23 years with the Club
Alan Lo December 3, 2018 – After over 23 years of service, Alan Lo, the Director of North’s Hong Kong office, retired on 30 November. Alan has served the Club and its members with distinction throughout this period and has been a respected ambassador and a good friend and colleague to all at...
December 3rd, 2018 | Company Profiles, HR, Marine Insurance, P and I Clubs, Person Profiles | Read More

Disaster Preparedness

Disaster Preparedness
Irene K. Notias and Theodore Chouliaras Project Connect and The Institute of Maritime Educational Studies, (IMES) present:  “NEVER FORGET” A seminar on disaster preparedness for children ages 9 to 99 that raises awareness that to act proactively saves lives! The training seminar on the prevention...
December 1st, 2018 | Charity, Earthquakes, Tsunamis, Cyclones and Typhoons, Education and Training, Emissions, Environment, Events, Conferences,Forums and Symposiums, Insurance and Reinsurance, Pollution | Read More

The BDI@1,231: life is a rollercoaster!

The BDI@1,231: life is a rollercoaster!
John Faraclas The BDI (Baltic Dry Index) lost 50 points and now stands at 1,231 points. Geopolitics are about to bring a Shakespearean Tempest revisited; John Faraclas’ daily and weekly recap: On a weekly basis the BDI was up 138 points – from 1,093, thanks to the Capes’ erroneous skyrocking earlier...
November 30th, 2018 | Chartering, Conferences, Seminars, Forums, Dry Bulkcarriers, Earthquakes, Tsunamis, Cyclones and Typhoons, Environment, Insight, Markets, Military, News, Oil Industry, Piracy and Terrorism, Reports, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

OCIMF and INTERTANKO release new guidance on competency and learning from incidents

OCIMF and INTERTANKO release new guidance on competency and learning from incidents
.. 30 November 2018 – (London) OCIMF and INTERTANKO have today released two new information papers that will help improve safety in the energy shipping industry. The result of a joint initiative between the two organisations, the papers look at two key areas:  competency and learning from incidents. Behavioural...
November 30th, 2018 | Alternative Sources of Energy, Associations, Energy, Environment, Health and Safety, HR, Manning - Seafarers and Offshore, Marine Insurance, Maritime Accidents, Maritime Education and Training, Safety and Security, Shipmanagement | Read More

The BDI@1,281: think the unthinkable

The BDI@1,281: think the unthinkable
John Faraclas The BDI (Baltic Dry Index) lost 49 points earlier on today “thanks” to the Capes, the culprits of the Dry Market. Geopolitics couldn’t be more perplexed; John Faraclas’ daily recap: Another triple-digit loss for the Capes with the BCI down at 1,950 points – down 171 point losing...
November 29th, 2018 | Anniversaries, Associations, Charity, Chartering, Communication, Conferences, Seminars, Forums, Dry Bulkcarriers, Events, Exhibitions, Fixtures, Markets, Military, News, RINA (Royal Institution of Naval Architects, Salvage, Towage, Wreck Removals, Shipping Indices, Statistics, Stock Markets, Trade and Commerce | Read More

LCC: Dealing with difficult charterers under the MYBA form

LCC: Dealing with difficult charterers under the MYBA form
The MYBA Charter Agreement is widely used in the luxury yacht market. The Club has recently assisted with several cases involving charterers committing multiple breaches of clause 13. The clause governs the way in which the charterer and their guests use the yacht during the charter period. In our latest...
November 28th, 2018 | Chartering, P and I Clubs, Yachting | Read More