The overwhelming majority of insurance claims analysed by TT Club have showed that costly damages and loss, as well as serious bodily injury can be prevented or significantly minimised by sensible and concerted risk management efforts.Speaking…
The National Transportation Safety Board determined today that the ferry Seastreak Wall Street struck Pier 11 in Lower Manhattan in January 2013, because the captain lost control of the vessel while attempting to dock. Additionally, the procedure…
A survey of London solicitors by ITIC has highlighted the high cost of litigation for shipbrokers and others seeking judgment in the English courts.ITIC gave a panel of London solicitors – all of whom had previously been instructed on…
Increase take-up following 2014 P&I renewals as ship owners look to cut operating costs and control insurance spendDGS Marine, a global P&I (protection and indemnity) management provider, and exclusive manager for the British European and Overseas (BE&O) P&I facility…
OSVDPA seeks to start training and certifying DPOs by the end of this year.A new organization, the Offshore Service Vessel Dynamic Positioning Authority, Inc. (OSVDPA), held its first board meeting Thursday, March 12, charting the course…
Ships without P&I insurance for maritime claims must inform the Danish Maritime Authority about their insuranceDanish ships with a gross tonnage of or above 300 without a Certificate of Entry in a P&I Club from the international group of…
Future Care Inc., a provider of healthcare management services to the maritime community, and Yale University Department of Occupational & Environmental Medicine will host a panel discussion: 'Injury and Illness at Sea- New Developments in Emergency Response and Telemedicine…
Shipping losses decline, but emerging risks pose serious challenges to marine industry, according to Allianz study. 94 large ships lost worldwide in 2013, down 20% from last year. Total ship losses in continental U.S. hits all time low…
A group of passengers suing Carnival cruise lines for damages after an engine fire left their ship adrift for days are asking the company to pay $5,000 a month for the rest of their lives for medical bills and mental anguish.A lawsuit brought…
North of England P&I Association (North) and Sunderland Marine Mutual Insurance Company Limited (SMMI) merged to form the North Group on Friday 28 February 2014 following approval by the Bank of England’s Prudential Regulatory Authority and other U…
Marine Surveyors, Marine Engineers as well as off-shore contractors and other marine professionals can now access specialist marine equipment cover advises UK-based Insurance Risk & Claims Management (IRCM).IRCM say that the cover is ideal for a variety of marine-based specialists…
ITIC has warned that the so-called ‘hold harmless’ clauses in many of the contracts entered into by its members may contain pitfalls which could prejudice their rights. A mutual hold-harmless indemnity clause should provide that each party…
Schettino's first visit aboard since 2012 shipwreck; Former captain accompanying investigators as defendant as new probe into unauthorized visit by Costa officials unfolds.The captain of the Costa Concordia, Francesco Schettino, went back…
The UK P&I Club, one of the oldest shipping protection and indemnity mutual insurers, announced its renewal for 2014 following the closure of the renewal season on February 20: Another positive result with a net increase of a million…
In response to specific market demand for insurance cover not formerly available, the Shipowners’ Club has launched a policy for its high net worth super yacht client base to indemnify them against Seafarers Unpaid Wages Following Abandonment (SUWFA)…