Insurance News

 

Peel Ports Launches Cargo200 Initiative

Apr 30, 2015

The UK’s second largest ports operator, Peel Ports, has today (Wednesday, 29 April) launched a major carbon emission initiative, Cargo200, and is calling on the UK freight and logistics industry to rethink supply chain and services routes…

London P&I Club Issues Recommendations on Bauxite Cargoes

Apr 27, 2015

The London P&I Club has issued a list of recommendations to owners contemplating the carriage of bauxite cargoes in the wake of renewed concerns about the dangers of cargo mis-declaration and potential liquefaction.In the latest issue of the club’s StopLoss Bulletin…

Shipoweners Warned to be Prepared for Migrant Rescues

Apr 27, 2015

The North P&I club has warned its shipowner members of the need to be properly prepared to meet their moral and legal obligations to rescue migrants at sea. In a new loss prevention briefing published today, North suggests some of the rescue…

MPHRP at Anglo Eastern Maritime Academy

Apr 27, 2015

Chirag Bahri, MPHRP Regional Director for South Asia was invited by Anglo Eastern Maritime Academy in Karjat, India, to interact with the cadets undergoing pre sea training at the prestigious nautical college.During the presentation,…

Drydocks World Wins Dubai Chamber CSR Label

Apr 27, 2015

Drydocks World group the leading provider of maritime and offshore services to the shipping, oil, gas and energy sectors has received the Dubai Chamber Corporate Social Responsibility Label in recognition of their efforts and contribution to excellence in various areas of social responsibility…

GOST System Tracks Stolen Boat in Abacos

Apr 24, 2015

GOST (Global Ocean Security Technologies), celebrating its 10th year as a world leader in marine security, tracking, monitoring and video surveillance systems, announced today the successful recovery of a stolen vessel in the Bahamas.On April 10…

Shipbroker Loses Interest, Secures Commission on Rival Broker Sale

Apr 23, 2015

International Transport Intermediaries Club (ITIC) has recently supported a claim for ship sale commission by a shipbroker wrongly accused by a shipowner of incompetence.The shipbroker had entered into an exclusive commission agreement with a shipowner…

Transboundary Oil Pollution Debated in IMO

Apr 20, 2015

A working group led by Denmark and Indonesia met in the IMO to consider the need to regulate the issue of transboundary oil pollution, on 13 April,33 countries and a number of international organisations have just met at the IMO headquarters…

UK P&I Club Issues Guidance on Yemen Conflict

Apr 15, 2015

UK P&I Club provides practical guidance in relation to contractual issues on the ongoing conflict in Yemen. Members are advised to contact the Club if they anticipate issues arising from contractual obligations on proceeding to Yemen. The following guidance addresses the key issues Members may face…

RT to Frame Guidelines against Cyber Attacks

Apr 15, 2015

The Round Table of international shipping associations (RT) comprising BIMCO, ICS, Intercargo and INTERTANKO announced today that they are developing standards and guidelines to address the major cyber security issues faced by the shipping industry…

U.S. Offshore Oil Drilling Rule Planned

Apr 12, 2015

The United States is planning to impose a major new regulation on offshore oil and gas drilling to try to prevent the kind of explosions that caused the catastrophic BP Plc oil spill in the Gulf of Mexico, the New York Times reported on Friday…

Who Should Pay to Prevent Further Damage of Stricken Ships?

Apr 09, 2015

Who – shipowner or insurer – should bear the costs of any action taken to prevent a stricken vessel from getting into further costly difficulties? A seminar organized jointly by the Association of Average Adjusters and the International Underwriting…

Markel Seminar Tackles Insolvency Issues

Apr 08, 2015

Markel International, the specialist insurer with a worldwide product portfolio, hosted a seminar on insolvency issues in Singapore earlier today.The seminar which was attended by around 70 brokers, lawyers and business professionals from a range of industries…

Salvage 101: The Importance of Cooperation

Apr 02, 2015

Cooperation between the shipowner, their underwriters, salvors and shore-based authorities is vital for a successful salvage operation and should begin at first notification of a casualty. This cooperation, however, should begin long before there is a casualty with contingency planning…

Lack of Ship Definition is a Threat to Investors

Mar 27, 2015

AKD says the lack of an unambiguous term to describe a ‘ship’ in several jurisdictions represents a potential threat to asset security for financiers, particularly in the offshore and renewable energy sectors.AKD partner Haco van der Houven van Oordt says…

Logistics News

PSA Singapore Chooses Motorola Solutions’ TETRA Radio Technology During Port Expansion

PSA Singapore Chooses Motorola Solutions’ TETRA Radio Technology During Port Expansion

How the MV Estonia Disaster Reshaped Passenger Ship Safety

How the MV Estonia Disaster Reshaped Passenger Ship Safety

Hazardous Cargo Compensation Regime Close to Entry into Force

Hazardous Cargo Compensation Regime Close to Entry into Force

Iran Could Offer Oman Exit Proposal

Iran Could Offer Oman Exit Proposal

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Quotations-Reactions from industry leaders and businessmen to Iran's statement that Hormuz was open
Machado, Venezuela's Machado, says that the Spanish PM's summit on leftist politics is why he has not met him
Ship tracking data shows five LNG-loaded Qatari vessels approaching the Strait of Hormuz.