Disciplined underwriting delivers another successful year London, 11 May 2016 – The UK P&I Club (“The UK Club”), one of the leading shipping protection and indemnity mutual insurers, announces its financial results for the year ended 20 February 2016…
In general, the International Union of Marine Insurance (IUMI) welcomes the revised York-Antwerp Rules (YAR 2016) which were adopted by the Comité Maritime International (CMI) at its conference in New York last week.The York-Antwerp Rules…
The International Maritime Solid Bulk Cargoes (IMSBC) Code deals with the hazards associated with certain cargoes carried in bulk by ships. IMO recently (25-28 April) co-organised a workshop in Malaysia on implementing the code, with special…
At a meeting of the International Oil Pollution Compensation Funds (IOPCF) this week, the International Chamber of Shipping (ICS) has strongly criticised the judgement of the Spanish Supreme Court in the ‘Prestige’ Case. This judgement (in January 2016…
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…
ExxonMobil said today it has started production at its Point Thomson project, the first company-operated project on Alaska’s North Slope.Central pad facilities are designed to initially produce about 5,000 barrels per day of condensate and 100 million standard cubic feet per day of recycled gas…
· Some terminals and shippers are unprepared for the enforcement of the SOLAS amendment on 1st July· Without steps to address the requirements of the SOLAS amendment, chaos and commercial disputes may ensue· A failure to comply will result in fines…
Leading international classification society Bureau Veritas has developed guidelines for walk-to-work (W2W) motion compensated Offshore Access Systems (OAS) which are used to transfer industrial personnel to and from offshore installations.…
An ambitious project to help mitigate the harmful effects of climate change has been kick-started by IMO with a call for formal expressions of interest to host centres to promote cooperation in the field of maritime technology.The joint IMO – European Union project…
Leading international marine and engineering consultancy LOC Group has announced a collaboration agreement with marine survey experts Studio Navale Canepa (SNC) of Italy. Together the two organisations are combining expertise and their global…
On behalf of The American Equity Underwriters, Inc. (AEU), Rob Stuardi has taken on the responsibility of working alongside several prominent maritime industry associations to help contribute to the success of the industry as whole. In his new role as Vice President…
The Facilitation Committee, meeting this week (4-8 April), is expected to adopt mandatory requirements for the electronic exchange of information on cargo, crew and passengers as part of a revised and modernized annex to the 1965 Convention on Facilitation of International Maritime Traffic (FAL)…
Marine insurance may have the distinction of being the oldest line of insurance in existence, but it’s not letting its venerable age hinder its growth or flexibility. Given the new, emerging and increasingly complex risks faced by the maritime industry…
The wording of instructions can potentially widen the scope of liability for marine service providers, warned International Transport Intermediaries Club (ITIC), citing the recent case of a marine surveyor sued for €1.56 million for alleged poor onboard stowage of a cargo…
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…
