The global shipping industry, represented at the United Nations Conference in Paris by the International Chamber of Shipping (ICS), fully supports a global deal on climate change. The shipping industry is committed to ambitious CO2 emissions reduction across the entire world merchant fleet…
Microsoft co-founder Bill Gates will launch a multi-billion-dollar clean energy research and development initiative on Monday, the opening day of the U.N. climate change summit in Paris, GreenWire reported Friday.Gates and a group of…
Yanmar Marine International B.V. has introduced an extended 3 years’ period of YANMAR Limited Warranty for Sailboat Engine Models. This extended warranty of 3 years is offered to owners of specific YANMAR marine engine models which will be used for private and personal pleasure use only…
Poor’s has revised its outlook on Steamship Mutual to Positive from Stable. The A- financial strength rating has been reaffirmed.In their announcement Standard & Poor’s note:• the Club’s risk-based capital is expected to remain extremely strong…
There are various hazards associated with the trade in coal. UK P&I Club’s Loss Prevention Team highlights the risks involved, and advises on the relevant actions to take in order to reduce accidents. Self-heating incidents involving…
Owners are rapidly laying up containerships as the market slows. The size of the idle fleet will get bigger while rates and profits slide, says Drewry Shipping Consultants Limited. The number of idle container vessels has gained momentum in November and hasjumped 52 percent from October…
Stowaways onboard ships can often be a cause of significant costs for shipowners. Amanda Hastings, UK P&I Club Claims Executive, reviews shipowners’ liabilities and advises on the relevant actions to take to reduce incidents of stowaways…
In October a number of trade bodies released a joint press release to formally announce a reduction of the High Risk Area (HRA). Insurance companies have said the reduction may not result in reduced insurance costs due to the assessment…
North P&I Club has appointed Job de Groot of Van Oord as its new vice chairman, succeeding Lars Christensen of Norden, who stood down from the role as well as from the club’s board at the directors’ meeting on November 5. de Groot first…
The cost of operating cargo ships is forecast to rise over the next two years after falling in 2015, according to the latest Ship Operating Costs Annual Review and Forecast 2015/16 report published by global shipping consultancy Drewry. The…
Two Product tankers, Svyatoy Petr and Svyatoy Pavel collided during a passage of Northern Sea Route in convoy with nuclear icebreaker Vaygach. The collision happened on 70 nautical miles SouthWest off New Siberian islands in Laptev sea…
President Barack Obama still plans to attend a global climate summit in Paris at the end of November despite the attacks claimed by Islamic State, a senior U.S. administration official said on Saturday.The Paris summit is focused on curbing climate change…
Directors of the 175 million GT, ‘A’ rated North P&I Club have set a general premium increase of 2.5 percent for both protection and indemnity (P&I) cover and freight demurrage and defence (FD&D) cover in the 2016/17 policy year. According to the club…
Gulf Petrochem has appointed John Phillips as Head of Credit Risk for the Group’s Bunkering division. With over 30 years experience in the Maritime sector, John is a well known expert in the industry and will focus on areas such as Credit Management (focused on Bunker business)…
The UK P&I Club, a provider of protection and indemnity insurance, agreed at its board meeting Monday that the General Increase for the 2016 renewal will be 2.5 percent.In announcing the increase, the UK Club board said it is mindful of…
