Archive for the ‘Marine Insurance’ Category

American P&I Club reception excels at Posidonia

American P&I Club reception excels at Posidonia
Lined up welcoming guests, the all American – Greek team with (from the right): Arnold Witte, chairman of the board, Vincent J. Solarino, Dorothea Ioannou, Joe Hughes, George Alexandratos, Elias Tsakiris and Ilias Bobolos Witnessing rare moments in Shipping History is a blessing! A few hours ago...
June 2nd, 2016 | Events, P and I Clubs, People and Places, Story of the Day | Read More

Keith Martin, AAA’s new chairman

Keith Martin, AAA’s new chairman
Keith Martin Keith Martin, the new chairman of the Association of Average Adjusters, has made clear his determination to help the Association broaden its contribution to the international marine and offshore energy market. One of the few chairmen in the Association’s long history to have a background...
June 2nd, 2016 | Associations, HR, Marine Insurance, Person Profiles | Read More

HFW Insurance Bulletin 02 June 2016

HFW Insurance Bulletin 02 June 2016
Welcome to HFW’s Insurance Bulletin, which is a summary of the key insurance and reinsurance regulatory announcements, market developments, court cases and legislative changes of the week. In this week’s bulletin: 1. Regulation and legislation UK: Revised code for managing...
June 2nd, 2016 | Insurance and Reinsurance, Legal, Marine Insurance | Read More

New Lifeboat for Aegean

New Lifeboat for Aegean
Norway II London, Thursday, June 2. A new lifeboat has been donated to the Hellenic Rescue Team (HRT) by fellow International Maritime Rescue Federation (IMRF) members the Norwegian Society for Sea Rescue (RS), and the Norwegian Ministry of Foreign Affairs. ‘Norway II’ is the second lifeboat to be...
June 2nd, 2016 | Associations, Health and Safety, Safety and Security, Salvage, Towage, Wreck Removals | Read More

Norway’s largest Pension Fund highlights human rights and environmental risks…

Norway’s largest Pension Fund highlights human rights and environmental risks…
© Mike Hettwer/National Geographic. Source: National Geographic Magazine. Norway’s largest Pension Fund highlights human rights and environmental risks related to shipbreaking in South Asia Brussels, 1 June 2016 – KLP, Norway’s largest pension fund [1], commissioned the International Law...
June 1st, 2016 | Corporate Social Responsibility, Health and Safety, HR, Safety and Security, Ship Demolitions | Read More

Is it or it is the end of the Mighty Continent?

Is it or it is the end of the Mighty Continent?
John N. Faraclas – at his back the Trireme Olympias, Athenian and Greek Hegemony’s mastership weapon which saved the Democratic Values of Planet Ocean Without Prejudice With BREXIT, GREXIT and all the mess in Europe and its periphery, this summer will determine not only the future of the...
June 1st, 2016 | Breaking News, Energy, Military, Piracy and Terrorism, Safety and Security | Read More

Saab Seaeye – Shipwrecks beamed ashore

Saab Seaeye – Shipwrecks beamed ashore
Historical photo of U-853(courtesy njscuba.net) Live images of significant historical shipwrecks are being filmed by a Saab Seaeye Falcon ROV and beamed directly to educational and public audiences ashore in a live telepresence-enabled exploration project. The University of Rhode Island’s research...
June 1st, 2016 | Archaeology, Maritime History and Museums, Military, Oceanology, Salvage, Towage, Wreck Removals, Technology, Underwater Shipping | Read More

NGO Shipbreaking Platform presents Annual Report 2015

NGO Shipbreaking Platform presents Annual Report 2015
Brussels,  31 May 2016 – The NGO Shipbreaking Platform presents its Annual Report 2015. Check the new Annual Report to find out more about: – our findings about global shipbreaking practices in 2015, including an overview of developments on the ground and statistics on the total number...
May 31st, 2016 | Health and Safety, HR, Reports, Safety and Security, Ship Demolitions | Read More

Ship Salvage Conference 2016, London

Ship Salvage Conference 2016, London
IMarEST Ship Salvage Conference  29 June 2016, Cavendish Conference Centre, London We are pleased to announce Simon Rickaby, Past President of IMarEST will be chairing this special one-day conference. The early bird discount has been extended until 3rd June 2016.This conference will deliver: Session...
May 31st, 2016 | Associations, Environment, IMarEST, Marine Insurance, News, Oil Spill, Pollution, Salvage, Towage, Wreck Removals | Read More

Capers’ volatility “rises” the BDI to…606…

Capers’ volatility “rises” the BDI to…606…
John Faraclas The shipping markets in yet another volatile round coupled by dangerous geopolitics; John Faraclas weekly briefing: The BDI (Baltic Dry Index), “thanks” to the ever volatile Capers, gained five points earlier on continuing the uncertainty which we are engulfed over the last thirty months!...
May 27th, 2016 | Energy, European Union, HR, Markets, Piracy and Terrorism, Politics and Government, Safety and Security, Shipfinance, Shipping Indices, UN | Read More

TT Club announces robust financial results for 2015 and affirmed AM Best A- (Excellent) rating

TT Club announces robust financial results for 2015 and affirmed AM Best A- (Excellent) rating
Knud Pontoppidan TT Club, the leading international transport and logistics insurance provider, today announces its financial results for the year ended 31 December 2015, and AM Best affirms its A- (Excellent) rating for the 10th consecutive year. Highlights: $172.0 million gross earned premiums (2014:...
May 27th, 2016 | Marine Insurance, P and I Clubs | Read More

London P&I Club warns on enclosed space entry and testing procedures

London P&I Club warns on enclosed space entry and testing procedures
Carl Durow The London P&I Club says it continues to see cases of injuries and fatalities associated with entry into enclosed onboard spaces, including cargo holds on bulk carriers where atmospheres have not been treated as potentially dangerous. In a recent case, two shore staff were permitted by...
May 27th, 2016 | Health and Safety, P and I Clubs, Safety and Security | Read More

TT Talk 214 – VGM: latest IMO advice

TT Talk 214 – VGM: latest IMO advice
TT Club is providing an important update to all stakeholders in the international supply chain industry, who are incorporated in this recent document released by the International Maritime Organization (IMO). Many will already be well prepared for this mandatory law entering force in just five weeks....
May 26th, 2016 | IMO, Marine Insurance, Organisations, P and I Clubs | Read More

Benign claims experience drives positive financial performance for North P&I Club

Benign claims experience drives positive financial performance for North P&I Club
Pratap Shirke North P&I Club reports that an exceptionally low year for claims has helped it increase its free reserves by US$90 million to US$428 million and deliver a combined ratio of 73.3% in the financial year ended 20 February 2016. This brings the combined ratio average of the past five years...
May 26th, 2016 | Associations, Marine Insurance, P and I Clubs | Read More

UN Special Rapporteur concerned about German shipbreaking practices

UN Special Rapporteur concerned about German shipbreaking practices
Patrizia Heidegger Brussels, 26 May 2016 – In a written submission to the German Government, UN Special Rapporteur Baskut Tuncak has expressed serious concerns related to the substandard shipbreaking practices of German ship owners, in particular fatalities and toxic chemical exposure of workers...
May 26th, 2016 | Associations, Corporate Social Responsibility, Environment, European Union, Health and Safety, HR, Labour Disputes, Politics and Government, Safety and Security, Ship Demolitions | Read More

IMO: summary of MSC 96

IMO: summary of MSC 96
Maritime Safety Committee (MSC), 96th session, 11-20 May 2016 Summary now available to download – http://www.imo.org/en/MediaCentre/MeetingSummaries/MSC/Pages/MSC-96th-session.aspx Construction rules verified as conforming to goal-based standards (See press briefing 13/2016)  Survival craft...
May 25th, 2016 | Associations, IMO, Organisations, Safety and Security | Read More

North P&I confirms importance of Greek shipowners with new board appointment

North P&I confirms importance of Greek shipowners with new board appointment
Dimitris Marinos North P&I Club confirmed in Athens last week that Greek shipowners are of ‘paramount importance’ to the continuing financial strength of the 131 million GT, ‘A’ rated mutual. Speaking at a pre-Posidonia reception for Greek members after the directors’ board and committee...
May 25th, 2016 | Associations, Company Profiles, HR, Marine Insurance, P and I Clubs, Person Profiles | Read More

Fire regulations must remain a hot topic

Fire regulations must remain a hot topic
FIRE REGULATIONS are a vital safety component in all workplaces but despite them being governed by stringent legislation, there are still UK employers getting them wrong according to Slingsby. The workplace equipment supplier sells more than 35, 000 low priced workplace products across all industries,...
May 24th, 2016 | Associations, Health and Safety, Safety and Security | Read More

Syria Sanctions

Syria Sanctions
London Circular: L.278 Steamship Mutual has published a Circular regarding the current status of EU and US sanctions in respect of Syria. Please see below link to Club Circular L.278 which is now available on the Steamship Mutual website. Syria Sanctions Background Both the European Union and the United...
May 24th, 2016 | Associations, Organisations, Politics and Government, Sanctions | Read More

EU shipowners thank the IMRCC

EU shipowners thank the IMRCC
EU shipowners thank the Italian Maritime Rescue Coordination Centre for its efforts in search and rescue operations EU shipowners thank the Italian Maritime Rescue Coordination Centre for its efforts in search and rescue operations Migratory challenges remain one of the main security concerns of EU shipowners,...
May 24th, 2016 | Associations, European Union, Health and Safety, Immigration, Organisations, Politics and Government, Safety and Security, Salvage, Towage, Wreck Removals | Read More

Build capability in Maritime SARS says IMRF

Build capability in Maritime SARS says IMRF
  Bruce Reid London, Tuesday, May 24. Building capability rather than reacting to tragedy should be the priority for maritime search and rescue (SAR) according to the International Maritime Rescue Federation (IMRF) in a statement delivered at the World Humanitarian Summit. The IMRF supports the...
May 24th, 2016 | Health and Safety, Marine Insurance, Maritime Accidents, Safety and Security | Read More

TT Club Welcomes further IMO Guidance on SOLAS VGM Amendment

TT Club Welcomes further IMO Guidance on SOLAS VGM Amendment
Peregrine Storrs-Fox In order to assist the implementation of the VGM amendment to SOLAS, which comes into effect on 1st July, the IMO has agreed on certain enforcement guidelines and is expected to issue a Circular to all Member States this week.  Freight insurance specialist, TT Club welcomes the...
May 23rd, 2016 | IMO, Marine Insurance, Organisations, P and I Clubs, Safety and Security | Read More

ClassNK releases latest Guideline for Noise Code

ClassNK releases latest Guideline for Noise Code
Tokyo – Leading classification society ClassNK has released its Guideline for the Mandatory Code on Noise Levels on Board Ships (Second Edition). ClassNK released the first edition of the Guideline for the Mandatory Code on Noise Levels on Board Ships in July 2014, when the Code on Noise Levels...
May 23rd, 2016 | Classification Societies, Health and Safety, Regulatory, Safety and Security, Shipmanagement, Technical | Read More

IUMI welcomes new container weighing directive but…

IUMI welcomes new container weighing directive but…
Helle Hammer IUMI welcomes new container weighing directive but cautions short-term pain before long-term gain The International Union of Marine Insurance (IUMI) strongly supports the new mandatory requirement and adoption of the amendment to SOLAS regulation V1/2 for the verification of the gross mass...
May 23rd, 2016 | Containers, Insurance and Reinsurance, Marine Insurance, Regulatory | Read More

Cyprus Ship Mortgages: A most effective way to secure your financing.

Cyprus Ship Mortgages: A most effective way to secure your financing.
From Christodoulos G. Vassiliades & Co LLC on the issue of Cyprus Ship Mortages:  A widely used tool for securing the repayment of a loan or any other financial obligation of shipping companies towards their creditors is the creation of a mortgage over a ship in favor of the said creditor. The procedure...
May 23rd, 2016 | Associations, Banking, Insight, Legal, Safety and Security, Shipfinance | Read More