The London P&I Club’s result for the 2015/2016 financial year produced an overall operating surplus of $3.3 million, lifting the free reserve to $160.7 million. This result was underpinned by a technical underwriting surplus of $15.3 million…
The London P&I Club has issued a warning about continued problems associated with the carriage of Indonesian thermal or ‘steam’ coal, following a number of recent incidents involving owners and charterers. Indonesian coal has a propensity to self-heat and/or emit methane…
Royal Boskalis Westminster N.V. (Boskalis) has been awarded a contract by Samsung Heavy Industries for the transportation of the three topside modules of the riser platform and the topside of the processing platform for the Johan Sverdrup project offshore Norway…
The Swedish Club reported to its board today that it has achieved a consistent 2015 underwriting performance with financial stability and cost-efficient quality services for its members. It delivered a balanced underwriting result, despite higher claims activity and increased volatility…
Ship insurers have stepped in to help plug a shortfall in cover for transporting Iranian oil resulting from the fact that U.S. reinsurers are still restrained by Washington's sanctions, according to officials involved in the initiative. International…
The life of seafarers is never straightforward, and as a new report from the Swedish Club shows, the hazards and job complexities they face are very much dependent on the type of vessel they find themselves crewing. In P&I Claims Analysis…
Argentina's coast guard has sunk a Chinese trawler that was fishing illegally within its territorial waters, the coast guard said on Tuesday, marking a first test for relations between recently elected President Mauricio Macri and Beijing. The…
North P&I Club has boosted its loss-prevention presence in the Asia Pacific. Loss prevention executive George Cuthbert moved to Singapore from North’s head office in Newcastle this month to work alongside loss prevention executive Aniruddha Desai…
The boards of the Britannia Club and the UK P&I Club announced today that the two groups are in merger discussions. The boards of the Clubs will now begin a process to determine whether the merger is possible and delivers appropriate benefit to their respective Memberships…
North P&I Club is stronger after its annual renewal on February 20, 2016, further consolidating its position as one of the leading members of the International Group of P&I Clubs. According to chairman Pratap Shirke, ‘As part of North's ongoing strategy to refine its membership…
Ratings agency Standard and Poor’s (S&P) has given North P&I Club an ‘A’ financial strength rating and stable outlook for the 12th consecutive year, and increased its financial flexibility rating from adequate to strong. The ratings also apply…
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 minimize potentially lethal gas risks arising from poor operation and maintenance of refrigeration systems on fishing vessels…
Panama-flagged container ship MSC Monica, which ran aground on the St. Lawrence River near Saint-Laurent, Quebec city, Canada on January 22, was refloated, according to the Transportation Safety Board of Canada (TSB). The 43,618 dwt container vessel was sailing from Montreal to St…
The UK P&I Club announced the appointment of Mr Lee Wai Pong, who is joining the UK P&I Club in Singapore as a Regional Advisor. Wai Pong is a qualified Master Mariner, a retired Commanding Officer (Reservist) from the Republic of Singapore Navy…
The UK P&I Club announced it will be supporting the Sailors’ Society Emotional Wellness training module within its Wellness at Sea coaching program. The training, the second in a set of five modules, is designed to improve emotional wellbeing…