ITIC has warned ship managers of the potentially severe financial implications of nominating unsuitable ships for the carriage of specific cargoes.In the latest issue of its Claims Review, ITIC cites the case of a commercial ship manager which fixed a ship for a voyage of 4…
The first group of candidates has successfully completed the full Protection and Indemnity Qualification (P&IQ). The examination program was launched in 2010 by the International Group of P&I Clubs (IG) to support education in P&I insurance…
Freight transport insurance specialist TT Club said it is continuing its efforts to reduce risk in the supply chain. Through constant analysis of the claims it receives, the international insurer has pinpointed an array of operational circumstances…
The 170 million GT North P&I club has strengthened its loss prevention presence in the Asia Pacific region this week by relocating loss prevention executive Andrew Kirkham from the U.K. head office to the Singapore branch office.North’s head of loss prevention Tony Baker said…
Insurance broker and Maritime London member Willis believes that ro-pax ferries are bearing an unfair share of costs allocated to passenger ships within the International Group of P&I Clubs' reinsurance pool. The broker's head of global P&I…
Alan Olivier was elected Chairman and President of the UK P&I Club at their board meeting in Bermuda on October 28. He succeeds Dino Caroussis who has retired from the board.Mr. Olivier, 53, Chief Executive Officer of Grindrod Limited, became…
A new survey from Moore Stephens finds that vessel operating costs are expected to rise by more than three% in both 2013 and 2014, unwelcome news to shipowners that continue to struggle with low freight rates and over capacity across the oceangoing sectors…
Braemar Adjusting continues its global expansion with the addition of one director in London, two directors in Houston and an energy adjuster in Singapore. Ian McInroy re-joins Braemar’s London office as a Director in October 2013 from a…
The Standard Club will address an audience of over 120 Turkish shipowner representatives and brokers on the Maritime Labor Convention (MLC) at a seminar at the Turkish Chamber of Shipping in Istanbul on Wednesday, November 6, 2013. Turkey is expected to ratify the MLC in the near future…
At their board meeting on October 22, the directors of the Steamship Mutual reviewed the club’s open policy years, as well as claims in earlier years, and considered the premium ratings required for the 2014 policy year.On the basis of owned claims reported to date…
In early October the UAE’s National Association of Forwarding and Logistics (NAFL) hosted a workshop for its members as part of its AGM proceedings. The group invited freight transport insurance specialist TT Club to present an overview…
Legal and contractual issues, piracy and crime, and international sanctions are the most important areas of concern to merchant shipowners, according to a recent survey by the UK P&I Club. Close behind are crewing and personnel, insurance regulation…
An IMO symposium on a Sustainable Maritime Transportation System, held on world Maritime Day (September 26, 2013), provided an opportunity for a discussion on a global agenda for a sustainable maritime transportation system. The symposium…
With individual claims arising from excessive main engine wear caused by cat fines in the fuel oil likely to exceed $1m, and no sign of the problem being remedied at source, operators will have to take on the responsibility for reducing the incidence of these claims…
The International Bunker Industry Association (IBIA) supports the UK government’s call for the International Maritime Organization (IMO) to bring forward its review of the availability of 0.50% sulphur fuel. As more and more locations declare ECA requirements…