Archive for the ‘Marine Insurance’ Category

American Club: Iran sanctions update – Iranian crude oil shipment waivers

American Club: Iran sanctions update – Iranian crude oil shipment waivers
Joseph E.M. Hughes, Chairman and CEO, Shipowners Claims Bureau, Managers for The American Club In Club Circular 41/18 of November 6, 2018 Members were informed of the reimposition of US secondary sanctions against Iran in the aftermath of the US Administration’s decision to withdraw from the...
November 28th, 2018 | Markets, News, Oil Industry, P and I Clubs, Sanctions, Trade and Commerce | Read More

AFL Sud America launches in Argentina

AFL Sud America launches in Argentina
Guillermo Pastore Independent Lloyd’s broker AFL Insurance Brokers Ltd (AFL) is delighted to today announce the launch of AFL Sud America LLC (AFL Sud America), as part of a joint venture with Special Division Reinsurance Brokers (Special Division), one of the largest reinsurance brokers in South America. Headquartered...
November 28th, 2018 | Company Profiles, Insurance and Reinsurance, Marine Insurance, Person Profiles | Read More

The global insurance market into the red for the first time in six years

The global insurance market into the red for the first time in six years
_ Maria Mavroudi Over 80% of the global trade, by volume, relies on Shipping to transport goods. The global seaborne trade is expanding, supported also by the 2018 upswing in the world economy.  After a long period of stagnation, the world economy is finally strengthening. In 2017, global economic growth...
November 28th, 2018 | Featured, Insight, Marine Insurance, Reports | Read More

The BDI@1,339: The roulette wheel keeps turning. It all depends on what day of the week you fix

The BDI@1,339: The roulette wheel keeps turning. It all depends on what day of the week you fix
John Faraclas The BDI@1,339: The roulette wheel keeps turning. It all depends on what day of the week you fix. Just compare to only 5 days ago (22/11) and see what you get out of this. The BCI has exactly doubled whilst Handies and Supras are completely flat; all the Capes heading to China. Geopolitics...
November 27th, 2018 | Associations, Classification Societies, Insight, Insurance and Reinsurance, IUA, Marine Insurance, Markets, News, Reports, Technical, Technology | Read More

HFW: Insurance Bulletin – November 2018

HFW: Insurance Bulletin – November 2018
Costas FrangeskidesPartnerHolman Fenwick Willan LLP In this issue: Regulation and legislation; Court cases and arbitration; HFW publications and events 1. Regulation and Legislation UK: Unfair pricing practices? FCA launches market study into the retail home and motor markets 2. Court cases and arbitration England...
November 27th, 2018 | Communication, Insight, Insurance and Reinsurance, Legal, Marine Insurance | Read More

London launches Sharia principles as market looks to Islamic opportunities

London launches Sharia principles as market looks to Islamic opportunities
Max Taylor The London market has taken a significant step forward in its plans to deliver Sharia-compliant capacity for Islamic commercial risks with the Islamic Insurance Association of London (IIAL) launching a set of Guiding Principles for the provision of Sharia-insurance. The principles, will be...
November 27th, 2018 | Events, Conferences,Forums and Symposiums, Insurance and Reinsurance, IUA, Marine Insurance | Read More

Lord Chris Holmes & AIG’s Duperreault join Bermuda industry events in London

Lord Chris Holmes & AIG’s Duperreault join Bermuda industry events in London
Fireside chat guests with Bermuda’s Premier at next week’s industry events in London: Lord (Chris) Holmes of Richmond MBE and American International Group President & CEO Brian Duperreault Hamilton, Bermuda, November 23, 2018 – The UK’s Chris Holmes, Lord of Richmond MBE,...
November 23rd, 2018 | Events, Conferences,Forums and Symposiums, Insurance and Reinsurance, Marine Insurance, Markets, Trade and Commerce | Read More

North P&I Club directors announce No Premium Increase for 2019

North P&I Club directors announce No Premium Increase for 2019
Pratap Shirke November 23, 2018 – The Directors of the North P&I Club have decided, for the third year in succession, not to declare a premium increase for both protection and indemnity (P&I) cover and freight demurrage and defence (FD&D) cover at the February 2019 renewal, reflecting...
November 23rd, 2018 | Marine Insurance, P and I Clubs | Read More

Luminultra concludes aqua-tools acquisition

Luminultra concludes aqua-tools acquisition
LuminUltra President and CEO Pat Whalen (right) and aqua-tools’ CEO Marc Raymond conclude the deal LuminUltra, the Canada-headquartered specialist in microbiological monitoring tools, has completed its acquisition of the Rapid Microbial Solutions (RMS) division of France-based aqua-tools. The acquisition,...
November 23rd, 2018 | Company Profiles, Environment, Health and Safety | Read More

KR’s SeaTrust-HullScan software wins 2018 Tanker Safety Award

KR’s SeaTrust-HullScan software wins 2018 Tanker Safety Award
KR’s executive vice president Mr Hyungchul Lee accepting the award; to his left is Edwin Lampert The Korean Register of Shipping (KR) has won the 2018 Tanker Safety Award for its specialist software – SeaTrust-HullScan. The annual award is presented to a company that has shown excellence...
November 22nd, 2018 | Awards, Events, Conferences,Forums and Symposiums, Health and Safety, News, Safety and Security, Tankers | Read More

Firms join forces for hurricane devastated school

Firms join forces for hurricane devastated school
Steelwork from REIDsteel in Christchurch, Dorset, UK, going into shipping containers to be shipped to the British Virgin Islands for the new Enis Adams Primary School on the island of Tortola. Steelwork is on a 4,000 mile journey from Dorset in the UK to the Caribbean for the reconstruction of a primary...
November 21st, 2018 | Charity, Earthquakes, Tsunamis, Cyclones and Typhoons | Read More

London P&I Club issues loss prevention guide for coal cargoes

London P&I Club issues loss prevention guide for coal cargoes
THE London P&I Club has published a loss prevention guide on risks associated with the carriage of coal cargoes, with particular emphasis on gas monitoring and ventilation. The guide, written by Paul Willis, Senior Associate with UK-based forensic investigation and root cause analysis specialist...
November 21st, 2018 | Claims, Health and Safety, Marine Insurance, Maritime Accidents, P and I Clubs, Safety and Security | Read More

Digital defence in the maritime industry

Digital defence in the maritime industry
As owners act to fortify their ships and shore-side operations against cyber risk in the face of evolving threats and imminent regulation, DNV GL has expanded its services to cover control systems, software, procedures and human factors.  by Svante Einarsson, Senior Cyber Security Advisor, DNV GL Although...
November 21st, 2018 | Classification Societies, Corruption, Insight, IT and Communications, Marine Equipment Products and Services, Maritime Fraud, Safety and Security, Technical, Technology | Read More

GAC Group P&I expert wins Women Professional Excellence for P&I Claims Management award

GAC Group P&I expert wins Women Professional Excellence for P&I Claims Management award
Meena Mathews, GAC Group’s Regional Manager P&I – Middle East, receives the Women Professional Excellence for P&I Claims Management award from H.E. Fareed Lutfi, The Secretary General, Emirates Insurance Association & The Secretary General, Gulf Insurance Association and Sohan Roy, Founder...
November 19th, 2018 | Awards, Marine Insurance, P and I Clubs, WISTA - Women in Shipping | Read More

VIKING’s LifeCraft™ passes toughest ever test at sea

VIKING’s LifeCraft™ passes toughest ever test at sea
VIKING LifeCraft HWST 2018 Rough seas with wave heights up to 50% above the stipulated heavy weather testing requirements proved no obstacle for VIKING’s innovative LifeCraft™ system, paving the way for cruise ship operators worldwide to benefit from all the advantages that this new hybrid –...
November 19th, 2018 | Health and Safety, Marine Equipment Products and Services, Maritime Accidents, Safety and Security | Read More

IMCA announces short-lists for Safety and Environmental Sustainability Awards

IMCA announces short-lists for Safety and Environmental  Sustainability Awards
Allen Leatt Finalists announced for IMCA awards Awards to be presented at IMCA’s Annual Seminar, 28-29 November The International Marine Contractors Association (IMCA) has announced the finalists for its Safety and Environmental Sustainability Awards. Three companies have been short-listed...
November 19th, 2018 | Associations, Awards, Environment, Events, Conferences,Forums and Symposiums, Health and Safety, Safety and Security | Read More

The BDI@1,031: between Scylla and Charybdis…

The BDI@1,031: between Scylla and Charybdis…
John Faraclas The BDI (Baltic Dry Index) clinched another 11 points (same as  yesterday…) but remains down once again on a weekly basis. Geopolitics: between the devil and the deep blue sea… John Faraclas’ daily and weekly recap: The weekly loss of the BDI was 116 points – down from 1,147 recorded...
November 16th, 2018 | Chartering, Dry Bulkcarriers, Fixtures, Markets, News, Reports, Sanctions, Shipping Indices, Stock Markets, Tankers, Trade and Commerce | Read More

Damen Shipyards Group celebrates Multraship Carrousel RAVE Tug winning the Maritime KVNR Shipping Award

Damen Shipyards Group celebrates Multraship Carrousel RAVE Tug winning the Maritime KVNR Shipping Award
. Damen Shipyards Group is celebrating the success of Multraship and its innovation arm Novatug in winning the Maritime KVNR Shipping award 2018. Working with a number of industry partners they developed the ground-breaking Carrousel RAVE Tug (CRT) design that is safer, stronger and more manoeuvrable...
November 16th, 2018 | Awards, Events, Conferences,Forums and Symposiums, Marine Equipment Products and Services, Salvage, Towage, Wreck Removals, Shipbuilding and Shipyards, Technical, Technology | Read More

Liberia becomes first flag state to join the Maritime Anti-Corruption Network

Liberia becomes first flag state to join the Maritime Anti-Corruption Network
Alfonso Castillero Liberia has become the first ship registry to be admitted to the Maritime Anti-Corruption Network (MACN) as an associate member.  Alfonso Castillero, CCO of the Liberian Registry, says, “We are greatly honoured to be the first ship registry admitted as an associate member of the...
November 16th, 2018 | Bribery and Corruption, Flags, Safety and Security | Read More

ITF: tragic death of seafarer proves that lashing is dockers’ work

ITF: tragic death of seafarer proves that lashing is dockers’ work
The ITF HQ’s in London The International Transport Workers’ Federation (ITF) and European Transport Workers’ Federation (ETF) have extended their deepest condolences to the family of a seafarer killed in Dublin, Ireland, while lashing and securing containers, and said this case proves...
November 15th, 2018 | Health and Safety, HR, ITF, Manning - Seafarers and Offshore, Maritime Accidents | Read More

New Secretary-General appointed to the Paris MOU

New Secretary-General appointed to the Paris MOU
Luc Smulders Luc Smulders has been appointed as the new Secretary-General at the Secretariat of the Paris Memorandum of Understanding on Port State Control. He is succeeding Mr. Richard Schiferli who retired 1st of November 2018 after 29 years of service to the Paris MoU. Mr Smulders stated: “I am...
November 15th, 2018 | Health and Safety, Maritime Accidents, Person Profiles, Safety and Security | Read More

Wärtsilä Seals & Bearings – keeping you in operation

Wärtsilä Seals & Bearings – keeping you in operation
Approximately 90% of the world’s trade is transported by international shipping, making vessel maintenance of utmost importance to the global economy. Yet despite advancements in marine technology and effective safety measures, groundings, collisions and major breakdowns still happen. In such situations,...
November 15th, 2018 | Groundings, Marine Equipment Products and Services, Maritime Accidents, Shiprepair, Technical, Technology | Read More

Comment: The withdrawal agreement and the impact on the insurance industry

Comment: The withdrawal agreement and the impact on the insurance industry
Bob Haken Norton Rose Fulbright insurance partner Bob Haken commented: “What the Political Declaration does say about financial services in general is that there will be commitments to “preserving financial stability, market integrity, investor protection and fair competition, while respecting the...
November 15th, 2018 | Comment, Insurance and Reinsurance, Legal, Marine Insurance | Read More

Global insurance and trade grapple with blockchain innovation

Global insurance and trade grapple with blockchain innovation
Prof Michael Mainelli. Global insurance and trade grapple with blockchain innovation By James Brewer Blockchain, a system that has seen substantial growth in 2018, holds out immense promise for mitigating business and financial risk, a conference in the heart of London’s insurance market heard. The...
November 15th, 2018 | Banking, Conferences, Seminars, Forums, Corruption, Finance, Insight, Insurance and Reinsurance, Marine Insurance, Maritime Fraud, Safety and Security, Shipfinance | Read More

Ocean Shipping Industry prioritizes technology investment for year ahead

Ocean Shipping Industry prioritizes technology investment for year ahead
. New Survey Finds Shipping Industry Concerned About Impact of Trade Protectionism and Cyber Threats, But Mostly Optimistic About Growth Industry Respondents Say Technology Spending Will Increase as Companies Seek to Improve Process Efficiency, Customer Experience, and Supply Chain Collaboration SAN...
November 13th, 2018 | Maritime Fraud, Markets, Safety and Security, Trade and Commerce | Read More