Insurance News

 

North P&I Club Sponsors the UK Premiere of ‘The Last Ship’

Mar 22, 2018

North P&I Club sponsored the Northern Stage’s production of ‘The Last Ship’, and support Newcastle’s vibrant culture and maritime connections. ‘The Last Ship’ tells a powerful story of community and social history, centring upon the demise…

Recent Casualties Highlight Importance of Cargo Insurance - iContainers

Mar 22, 2018

The ocean freight industry has seen several major incidents over the past few weeks, including two fires on board two separate Maersk vessels, and a containership collision in Karachi Port that forced the temporary closure of the port. These…

North P&I Club Appoints Main as Technical Director

Mar 13, 2018

North P&I Club said it has appointed Simon Main as Technical Director (Underwriting), as part of the company's strategy for the development of the North P&I and Sunderland Marine (SMI) businesses. Main joins North P&I with experience from several senior leadership positions at Thomas Miller…

Shipwrecked Seafarers’ Plight Ends

Mar 07, 2018

Seafarers’ charity Apostleship of the Sea (AoS) provided a safe haven for a group of seafarers who were left stranded when their ship ran aground in Qawra Point, Malta. The seven crew members from the bunkering tanker Hephaestus, were left…

Natural Catastrophes Dominate 2018 Marine Risk Landscape

Mar 01, 2018

Business interruption (BI) and cyber incidents interlink as the major threat for companies globally in 2018, according to the insight of 1,911 risk experts from 80 countries in the Allianz Risk Barometer 2018. However, for marine and shipping companies…

The Swedish Club Moves Forward on a Firm Footing

Feb 21, 2018

The Swedish Club has reported results for the 2018 renewal season in line with its focus on quality business and expert approach to managing current and future risks. Growth is running according to plan and the P&I gross tonnage has moved in excess of the 50 million GT milestone…

Britannia Appoints Exclusive Correspondent in Taiwan

Feb 20, 2018

In a move to maintain the highest possible service levels to its Members in Asia, Britannia P&I has recently made two important changes. In April last year, Britannia’s Managers, Tindall Riley, acquired the club’s Exclusive Correspondent in Japan…

P&I Clubs Strong But Pricing Under Pressure

Feb 14, 2018

Balance sheets of clubs operating in the marine protection and indemnity (P&I) sector are generally strong, bolstered by several years of positive earnings but underwriting discipline will be tested over the February 2018 renewal period, according to a new report by A…

Hill Dickinson Hires Duddington as Partner

Jan 24, 2018

International law firm Hill Dickinson has appointed partner Siiri Duddington to join its expanding shipping team. Formerly a partner at Campbell Johnston Clark (CJC), Siiri spent six years at the firm advising on a wide range of dry shipping…

Beazley Appoints Moy as US Marine Underwriter

Jan 04, 2018

Specialist insurer Beazley has appointed John Moy as U.S. marine underwriter within its newly- launched U.S. marine platform.  Moy will report to Steve Vivian, head of U.S. marine at Beazley, and will be responsible for underwriting and building the company’s U…

People-smuggling Scams Reemerge Globally -ITIC

Dec 20, 2017

Scams to smuggle illegal migrants aboard ships are reemerging globally, warns International Transport Intermediaries Club (ITIC).ITIC is urging ship agents worldwide to be extra vigilant when approached to carry out crew changes by unknown owners or crew managers…

AGCS Makes Leadership Changes in North America

Dec 14, 2017

Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) announced today that effective December 31, Henning Haagen will take over as North American Regional Head of Specialty Lines, and Rich Soja will become the North American Regional Head of Marine…

DMA Call for Various Certificates

Dec 07, 2017

Time has come to apply for renewal of CLC, Bunker, Athens and Wreck Removal Certificates from the Danish Maritime Authority(DMA). The certificates must be renewed once a year when the underlying insurance expires. Ships that are required…

Ship Insurer Britannia Sets Up Subsidiary for EU

Dec 03, 2017

Following Britain’s decision to leave the European Union, British ship insurer Britannia plans to set up a subsidiary in Luxembourg, Reuters reported. It is to ensure it can continue to trade in Europe, the company said. According to company…

Ship Operating Costs Stabilize: Drewry

Nov 20, 2017

The cost of operating cargo ships rose marginally in 2017 following two consecutive years of falls, but ship owners should prepare for higher costs led by a spike in insurance premiums, according to the latest Ship Operating Costs Annual Review…

Logistics News

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ADNOC LNG Tanker Crosses Strait of Hormuz

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Trump Grants 90-day Extension to Jones Act Waiver

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Raw Sugar Futures Falls After Two-Week High Alongside Coffee, Cocoa

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US Corn, Wheat, Soy Futures Rise Alongside Crude Oil

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