Archive for the ‘Marine Insurance’ Category

Strict compliance process still needed over Iranian business…

Strict compliance process still needed over Iranian business…
Frédéric Denèfle. Strict compliance process still needed over Iranian business as insurance curbs are dropped By James Brewer Insurers are being advised that before underwriting Iran-linked risks, they must carry out thorough checks to avoid violating the US sanctions on Tehran that remain in place....
February 3rd, 2016 | Associations, Conferences, Seminars, Forums, Marine Insurance, News, Sanctions | Read More

New casualty prompts IUMI to reiterate concern…

New casualty prompts IUMI to reiterate concern…
Dieter Berg New casualty prompts IUMI to reiterate concern about “recurring losses” of car carriers By James Brewer Roll-on roll-off car carriers are back as a top concern for underwriters after a serious new casualty in rough seas off the coast of France. Dieter Berg, president of the International...
February 3rd, 2016 | Associations, Conferences, Seminars, Forums, Marine Insurance, Maritime Accidents, News, Ro-Ro and Passenger Ferries | Read More

Huge losses from Chinese port catastrophe…

Huge losses from Chinese port catastrophe…
Frédéric Denèfle, Patrizia Kern-Ferretti and Dieter Berg. Huge losses from Chinese port catastrophe are making insurance history, says IUMI By James Brewer Global insurers are continuing to reel from the scale of the financial fall-out from the two massive explosions that in August 2015 ripped through...
February 3rd, 2016 | Conferences, Seminars, Forums, Insurance and Reinsurance, Marine Insurance, News, Ports & Terminals | Read More

Jensen Maritime to Design Two New Escort Tugs for McAllister Towing

Jensen Maritime to Design Two New Escort Tugs for McAllister Towing
(SEATTLE; Feb. 2, 2016) ­– Jensen Maritime, Crowley Maritime Corp.’s Seattle-based naval architecture and marine engineering company,  was recently selected to provide detailed design services including stability, structure and systems design for two, 100-foot long, 40-foot wide, escort tugs...
February 2nd, 2016 | Salvage, Towage, Wreck Removals, Shipbuilding and Shipyards | Read More

North P&I Club retains S&P ‘A’ rating and stable outlook for 12th year

North P&I Club retains S&P ‘A’ rating and stable outlook for 12th year
Leading ratings agency Standard and Poor’s (S&P) has given North P&I Club an ‘A’ financial strength rating and stable outlook for the twelfth consecutive year, and increased its financial flexibility rating from adequate to strong. The ratings also apply to the club’s fishing and aquaculture...
February 2nd, 2016 | P and I Clubs | Read More

World Economic Forum and the EC General Data Protection Regulation Updates

World Economic Forum and the EC General Data Protection Regulation Updates
This year’s World Economic Forum (WEF) was held in Davos in January hosting world leaders concentrating on economic issues. Prior to this annual meeting a 103 page Global Risk report was produced to identify the major concerns threatening world’s economies including climate change, food crises...
February 2nd, 2016 | Events, Conferences,Forums and Symposiums, Piracy and Terrorism, Safety and Security | Read More

NORSAFE takes a major step forward to offer complete safety package to seafarers

NORSAFE takes a major step forward to offer complete safety package to seafarers
Norsafe has become the first lifeboat manufacturer to provide STCW and Norwegian Oil and Gas (NOROG) compliant training courses for seafarers. This means that the company is the only lifeboat manufacturer that offers production, servicing and certified training in the operation and maintenance of lifeboats...
February 2nd, 2016 | Maritime Education and Training, Safety and Security | Read More

The Migrants issue continues…

The Migrants issue continues…
John Faraclas Without prejudice Anathema and Migrants: Human Aggression at its best! Why all this hypocrisy by all involved and in particular from the so called politically correct EU’s masters of colonialism? Do they have an idea what an… ism ending means and entails…? John Faraclas’s insight...
February 1st, 2016 | At the end of the day..., Bribery and Corruption, Civil Unrest, Claims, Corruption, Defense, Health and Safety, HR, Immigration, Insight, Maritime Accidents, Maritime Fraud, Military, News, P and I Clubs, Religion, Sanctions, Seizures | Read More

Monthly Global Economic & Market Monitor (Monday, February 01, 2016)

Monthly Global Economic & Market Monitor (Monday, February 01, 2016)
Monthly Global Economic & Market Monitor (Monday, February 01, 2016) Viewers can read the preamble and at the end the entire report in the link that follows: Global growth is expected to move broadly sideways, hovering around 3.3% in 2016 from 3.1% in 2015, the slowest pace in the post-crisis period....
February 1st, 2016 | Banking, Company Profiles, Energy, Environment, Finance, Markets, Military, News, Person Profiles, Piracy and Terrorism, Reports, Sanctions, Shipfinance, Statistics, Stock Markets | Read More

Captain Mangouras scapegoated again

Captain Mangouras scapegoated again
Captain Apostolos Mangouras – photo credit;huffingtonpost.es Spain wins Prestige appeal, branding Capt Mangouras a reckless criminal Spain’s Supreme Court has overturned the 2013 verdict of the Spanish court of first instance in La Coruna which had acquitted Capt Apostolos Mangouras, Master of...
January 29th, 2016 | Claims, Environment, Health and Safety, HR, Intertanko, Legal, Maritime Accidents, Pollution, Safety and Security, Salvage, Towage, Wreck Removals | Read More

Maria Mavroudi’s success continues in academia!

Maria Mavroudi’s success continues in academia!
Maria Irine Mavroudi Maria Irini Mavroudi, Business Development and Claims Executive at The American Club Piraeus office and BoD member of WISTA-Hellas has recently completed her LLM course at City University London. The graduation ceremony took place yesterday afternoon (14:00hrs)  at The Barbican...
January 29th, 2016 | Academia, Associations, Claims, HR, Marine Insurance, Maritime Education and Training, P and I Clubs, WISTA - Women in Shipping | Read More

Lloyd’s Register Foundation seeks director for GBP10M resilience engineering programme

Lloyd’s Register Foundation seeks director for GBP10M resilience engineering programme
Lloyd’s Register’s HQ’s Lloyd’s Register Foundation seeks director and host institution for a £10M programme to build resilience in critical infrastructure Lloyd’s Register Foundation has today issued a global call for a director and a host institution for a programme to build...
January 29th, 2016 | Charity, Classification Societies, Energy, Environment, HR, Jobs, News, Safety and Security | Read More

Hot Port News from GAC

Hot Port News from GAC
              – 28-Jan-2016 SINGAPORE AIRSHOW 2016 Singapore CYCLONE WATCH Port Hedland & Dampier, Australia SUBMARINE OUTFALL INSPECTION OFF STONECUTTERS ISLAND Hong Kong Singapore Airshow 2016 Thursday, January 28, 2016, Singapore The...
January 28th, 2016 | Airline Industry, Aviation, Earthquakes, Tsunamis, Cyclones and Typhoons, Port Conditions, Ports & Terminals, Weather | Read More

First tanker with export oil cargo from Novoportovskoye field moored at FSO RPK NORD in Murmansk port

First tanker with export oil cargo from Novoportovskoye field moored at FSO RPK NORD in Murmansk port
The “Ice Condor”, first tanker laden with Arctic crude oil on January 28 2016 moored at the floating storage and offloading unit “RPK NORD”     Today, January 28 the Malta flagged Ice Condor, first tanker laden with Arctic crude oil on January 28 2016 moored at the Floating...
January 28th, 2016 | Arctic Shipping, Marine Insurance, Oil Industry, Tankers | Read More

European shipowners support EU guidelines on places of refuge

European shipowners support EU guidelines on places of refuge
Christophe Tytgat European shipowners endorsed yesterday the adoption of EU operational guidelines on places of refuge for ships in distress at sea, which were produced by the Cooperation Group on Places of Refuge, bringing together Member States, the European Commission and industry. Work on these guidelines...
January 28th, 2016 | Associations, Environment, Health and Safety, Marine Insurance, Maritime Accidents, Safety and Security | Read More

ESPO welcomes the operational guidelines for places of refuge

ESPO welcomes the operational guidelines for places of refuge
Yesterday, the European Sea Ports Organisation (ESPO) together with all maritime industry stakeholders, the Commission and EMSA co-signed a joint declaration to express their support for the recently adopted EU Operational Guidelines on Places of Refuge. This took place during an event in the European...
January 28th, 2016 | Associations, Marine Insurance, Safety and Security | Read More

GAC Group’s P&I expert wins IMC Golden Shield Excellence Award…

GAC Group’s P&I expert wins IMC Golden Shield Excellence Award…
Meena Mathews, GAC’s Regional P&I Manager for the Middle East GAC Group’s P&I expert wins IMC Golden Shield Excellence Award at IMC Excellence Awards 2016 P&I Regional Manager – Middle East, Meena Mathews scoops recognition for track record in delivering P&I and insurance...
January 28th, 2016 | Awards, Company Profiles, P and I Clubs, People and Places, Person Profiles | Read More

North P&I club warns on potential dangers of new technology on ships

North P&I club warns on potential dangers of new technology on ships
North P&I Club has warned its members that despite the enormous benefits of digital technology on and around ships, there may also be some downsides. In addition to its recent warning on cyber threats, the club highlights some less obvious risks from the digital age in the latest issue of its loss...
January 28th, 2016 | P and I Clubs, Technology | Read More

Vessels must rescue migrants in distress

Vessels must rescue migrants in distress
  Bruce Reid Poepople in distress should be rescued by all vessels at sea says IMRF London, Thursday, January 28. Recent reports that some would-be rescuers do not fully understand the legal context of rescue at sea, and may have been deterred from helping people in distress because of possible...
January 28th, 2016 | Associations, Health and Safety, Immigration, Marine Insurance, Maritime Accidents, Safety and Security, Salvage, Towage, Wreck Removals | Read More

Sailors’ Society funds eye and ear testing equipment for seafarers

Sailors’ Society funds eye and ear testing equipment for seafarers
Sailors’ Society has funded a free eye and ear testing service and machine for seafarers visiting Seafarers’ Home Kandla. Seafarers often do not have permission to leave the port, so the new service brings healthcare to them. Maritime welfare charity enables free healthcare provision for seafarers...
January 27th, 2016 | Associations, Charity, Clubs, Communication, Corporate Social Responsibility, Health and Safety, HR, Safety and Security | Read More

Rescue operation of 17 refugees by CSM Singapore managed tanker

Rescue operation of 17 refugees by CSM Singapore managed tanker
FSL Tokyo Refugees Rescue Seventeen refugees have been rescued by a Columbia managed tanker on 15th January 2016.  Whilst the vessel was on route to Kingston, Jamaica, the tanker responded to an alert from M/V Fast Titan requesting assistance with the rescue of seventeen persons from a raft. Technical...
January 27th, 2016 | Health and Safety, Immigration, Safety and Security, Salvage, Towage, Wreck Removals | Read More

Human Rights at Sea welcomes ITF pledge to fund MV Seaman Guard Ohio crew legal costs

Human Rights at Sea welcomes ITF pledge to fund MV Seaman Guard Ohio crew legal costs
MV Seaman Guard Ohio “Our families face financial ruin. Men have lost wives, houses have been repossessed, family members have died and one of the men is due to become a father in the next few days. This existence cannot be sustained indefinitely. Politicians on both sides should resolve their differences....
January 27th, 2016 | Associations, Corporate Social Responsibility, Health and Safety, HR, ITF, Legal, People and Places, Safety and Security | Read More

The Rollback of Iranian Sanctions: What does this mean for the international oil and gas sector?

The Rollback of Iranian Sanctions: What does this mean for the international oil and gas sector?
January 26, 2016 | Written by Clare Hatcher, Richard Devine, Brett Hartley and Thomas Chapple Iran is one of the most significant producers of crude oil and natural gas in the world. According to the OFAC Annual Statistical Bulletin 2015, Iran has proven crude oil deposits equating to 157, 530 million...
January 26th, 2016 | Associations, Banking, Energy, Gas, LNG, Markets, Oil Industry, Sanctions, Seizures | Read More

North and Shipowners’ P&I clubs warn of potentially lethal refrigeration gas risks on fishing vessels

North and Shipowners’ P&I clubs warn of potentially lethal refrigeration gas risks on fishing vessels
Craig McBurnie The 175 million GT, ‘A’ rated North P&I Club has joined forces with the Shipowners’ Club to publish a technical loss prevention briefing on how to minimise potentially lethal gas risks arising from poor operation and maintenance of refrigeration systems on fishing vessels. Both...
January 26th, 2016 | Claims, Health and Safety, Marine Insurance, Maritime Accidents, P and I Clubs, Safety and Security | Read More

IUA outlines business priorities for 2016

IUA outlines business priorities for 2016
Dave Matcham New objectives established after 10% membership increase Market modernisation projects and an increase in the international services offered to the London company market are among the top priorities for the International Underwriting Association (IUA) in 2016. The association’s new business...
January 26th, 2016 | Associations, Insurance and Reinsurance, IUA, Marine Insurance | Read More