Insurance News

 

RBG Safety Performance Improves

Jan 26, 2012

RBG, the leading provider of assess, inspect and repair (AIR) services to the global energy industry that was acquired by Stork Technical Services (Stork), has delivered an outstanding safety performance by significantly reducing its lost time…

Shipyards: Hotbeds of Ingenuity – and Risk

Jan 17, 2012

A typical driveway mechanic can open up the hood, dive into a car’s guts and emerge hours later with an understanding of what is wrong. Even if the mechanic can't get the engine to purr, the situation usually ends up no worse than when he started…

UK P&I's New Approach to Risk Management

Jan 16, 2012

The UK P&I Club takes a BowTie approach to risk management. Marine mutuals like the UK P&I Club are committed to reducing the number and size of insurance claims they receive. After all, in the P&I world, members own their respective clubs and through pool arrangements within individual clubs…

Carnival Estimates Financial Impact of Grounding

Jan 16, 2012

Carnival Corporation & plc Required Announcement on Financial Impact of Costa Concordia. Carnival Corporation & plc has commented on the financial impact resulting from the grounding of the Costa Concordia. 'At this time, our priority is the safety of our passengers and crew…

Shipping's "Tin Ear"

Jan 09, 2012

Clay Maitland chastises industry as appearing to be uncaring in the face of the latest shipping casualty. In two months, the great, the good and the not-so-great-or-good will gather at the annual three-day Jamboree of the Connecticut Maritime Association (CMA)…

Loose Lips Sink Ships…and Careers

Jan 02, 2012

Valuable Lessons Learned – the Hard Way. Unfortunately, vessel collisions on America’s busy (but too often overlooked) inland waters have been a fact of life for a very long time. With towboats, barges, ferries, oceangoing vessels and recreational…

UK Club Checklist for Tanker Operators

Dec 15, 2011

A new publication from the UK P&I Club “How to prevent tanker cargo shortage claims” and subtitled “The cause of claims and how to avoid them during pre-loading, loading and unloading” focuses on one of the major sources of cargo-related claims in the tanker sector…

Marine Construction Policy Builds Expertise, Service into Coverage

Dec 09, 2011

Construction is a complex business. Equipment can break down; employees can be injured; a project can go awry in unexpected ways. Add a marine element to the work underway, and the pitfalls that a contractor must navigate to manage risk become even more challenging…

Get Ahead of Disaster with Careful Preparation

Dec 05, 2011

In a year where globally we are seeing more natural disasters, including earthquakes in New Zealand and Chile, floods in Australia, and a tsunami in Japan, an important question for businesses relying on goods and services from suppliers in…

American Club's Safety Module on Enclosed Spaces

Dec 01, 2011

The latest addition to the American P&I Club’s e-learning tools deals with the highly topical issue of entry into enclosed spaces onboard ship. The Case of the Silent Assassin reveals the hazards of entering enclosed spaces, which has already caused fatalities despite being a routine activity…

London Club Sets Increase for P&I

Nov 25, 2011

THE London P&I Club has set a general increase of five per cent in annual P&I call rates for the 2012/2013 policy year. Commenting on the background to the decision, Ian Gooch, chief executive of the club’s management team, says, “Prior open policy years are developing in line with expectations…

American Club Seeks Premium Hike

Nov 23, 2011

The American Club is seeking a 5% increase in all classes of premium (mutual and fixed-premium) for both P&I and FD&D for the 2012 policy year that starts on February 20 next. • S&P rating upgrade• Steady growth in tonnage continues• Solid…

BIMCO to Draft Standard Security Contracts

Nov 22, 2011

With the increasing use of armed guards on ships and the fear that second-rate security firms may take advantage of the piracy situation, BIMCO is forging ahead with the development of a standard contract for the employment of armed guards. The new contract…

IMUA Launching Inland Marine Course

Nov 15, 2011

The Inland Marine Underwriters Association (IMUA) announced it will be presenting for the first time AMIM 122, a 12-part comprehensive study of the primary inland marine classes of business, in webinar format beginning in the first quarter of 2012…

UK P&I Club Elects New Board

Nov 07, 2011

Seven directors were elected to the Board of the UK P&I Club at its AGM in Athens on the 27th October.  Biographical details:  brahim Güngen: Chief Executive Officer of Güngen Maritime & Trading A/Ş, Ankara, Turkey After obtaining a postgraduate degree in industrial engineering…

Logistics News

Kruger Named President of Austal USA

Kruger Named President of Austal USA

Tanker Enroute from Russia to India hit by Missile off of Yemen - Report

Tanker Enroute from Russia to India hit by Missile off of Yemen - Report

'24 Olympic Flame to Ride 3-Masted "Belem" to French port of Marseille

'24 Olympic Flame to Ride 3-Masted "Belem" to French port of Marseille

Situational Awareness System Battles Cognitive Fatigue in Watchkeepers

Situational Awareness System Battles Cognitive Fatigue in Watchkeepers

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