Chris Roberts, Senior Risk Assessor at UK P&I Club, comments on seafarers not correctly implementing enclosed space entry permitsAmendments to the SOLAS convention on enclosed space entry came into force on July 1, 2016, requiring all ships…
The International Union of Marine Insurance (IUMI) has announced the opening of a new overseas hub in Asia – this is the first time in the organization’s 142 year history that it has established a permanent presence outside of Europe. Making…
The UK P&I Club announced that Jan Döhle has been selected as this year’s Robin Travis Scholar. Döhle has an MSc in Shipping, Trade and Finance and is qualified as a member of the Institute of chartered ship brokers. He has already gained…
Together TT Club and FIATA celebrate the achievements of young freight forwarders working for logistics companies around the globe at the FIATA Annual Congress each year. As announced at the World Congress in Dublin, the winner of the 2016 Young…
The London P&I Club says its inspectors continue to note negative findings in and around ship mooring stations. The most common findings are a lack of anti-skid deck paint in key areas, a lack of hazard marking of protruding objects and platforms…
Braemar Adjusting has announced the promotion of Randy Lim from Senior Adjuster to Director, effective immediately.Lim has been with Braemar Adjusting since 2013, prior to which he amassed more than 25 years of experience in the insurance industry in progressive roles including claims handling…
International Transport Intermediaries Club (ITIC) says delay in submitting - or failure to pass on - documentation is the most common cause of claims against tanker brokers. Moreover, the tightening of procedures in a difficult market may serve to make such failures more costly…
Closing this year’s IUMI 2016 marine insurance conference in Genova today, IUMI President, Dieter Berg expressed concern over the increasing number of large marine losses and their potential to put severe financial strain on insurance companies…
Gloomy outlook for offshore energy insurance sector blighted by falling premium base and increased volatility, says IUMISpeaking at yesterday’s IUMI Genova conference, Simon Williams, Chairman of IUMI’s offshore energy committee, warned that…
At yesterday’s IUMI marine insurance conference in Genova, Cargo Committee chairman Nick Derrick announced a reduction in global cargo premiums by 9% from 2014 to 2015, the total premium value being US$15.8 billion. He stated a combination of…
The National Retail Federation and the Hardwood Federation has led a coalition of 120 organizations representing retailers, manufacturers, agribusinesses and other sectors affected by the Hanjin Shipping bankruptcy in sending a letter to Commerce…
Not enough companies in the shipping industry are following joined-up risk management procedures, according to international accountant and shipping adviser Moore Stephens. The second annual Moore Stephens Shipping Risk Survey revealed a fall…
Tony Watson, Risk Assessor at UK P&I Club, advises on the correct application of bulldog grips in order to minimize damage to cargo. Bulldog grips are commonly used for the securing of project cargo, both under and below deck. They are also used on ships on mast stays and crane wires…
NORD/LB Norddeutsche Landesbank and KKR Credit have reached an agreement by which, subject to completion of certain conditions precedents, KKR Credit, together with a sovereign wealth fund (the “Investors”), will acquire a portfolio of performing…
UK P&I Club Risk Assessor David Nichol discusses the carriage of dangerous goods and issues associated with misdeclaration. Data captured by the Cargo Incident Notification System (CINS) over the 2013- 2014 period indicates that 27 percent…
