Insurance News

 

Korea P&I and Britannia P&I to Collaborate

Dec 06, 2019

The Britannia Steam Ship Insurance Association Limited (Britannia P&I) and The Korea Shipowners’ Mutual Protection and Indemnity Association (KP&I) established a new collaboration agreement, Korea-Britannia P&I Collaboration ‘KBC’.This new facility…

Interview: Boriana Farrar, Ship Owners Claims Bureau

Nov 21, 2019

Boriana Farrar is a familiar face in maritime circles, the Vice President and Counsel and a Senior Claims Executive and Business Development Director for the Americas at the Ship Owners Claims Bureau, Inc. managers of the American P&I Club.…

North P&I Club Sets 7.5% General Increase

Nov 20, 2019

Directors of North P&I Club have decided to set a general increase of 7.5% on P&I and FD&D premiums for the 2020/21 Policy Year. The increase is considered necessary to maintain the Club’s financial strength and stability in a climate of rising International Group Pool claims and premium erosion…

“Minor” Incident Sends Mariner Down S&R Rabbit Hole

Oct 16, 2019

The twists and turns of any marine casualty investigation can be unpredictable, but what is predictable is the potentially crushing cost to defend your license, livelihood and professional reputation.It was early afternoon on a late summer day…

Cargo Ship Found Sunk near Tokyo after Typhoon

Oct 14, 2019

A Panama-registered cargo ship was found sunk in waters near Tokyo on Sunday after authorities lost track of it as Typhoon Hagibis lashed Japan, the transport ministry said, while a newspaper said at least five of the 12 crew were killed.The Yomiuri newspaper said four crew were rescued…

New Online Marine License Insurance Program

Oct 10, 2019

Mariners looking for insurance have a new option that is touted as being fast and affordable, cared for immediately in an online format that is designed to be more expedient than ever.360 Coverage Pros launched a new Marine License Insurance…

American Club Addresses Bunker Fuel Issues

Oct 08, 2019

The American Club has released its latest loss prevention guidance, Bunkering – A Compendium, together with website access to a comprehensive approach to loss prevention initiatives demanded by new regulations and generally by supplying guidance on operations and management…

Marine Cargo Insurance Market Still Not Profitable

Sep 17, 2019

Sean Dalton, Chair of the Cargo Committee of the International Union of Marine Insurance (IUMI) has said at the organization’s annual conference in Toronto, Canada, that there has been a 2.5 percent increase in 2018 global premiums to $16.6…

Nautical Institute Publishes Electronic Evidence Guidelines

Sep 16, 2019

The Nautical Institute has published the second volume in its ‘Collecting Maritime Evidence’ series, which focuses on the collection and preservation of electronic evidence and how it can be used to understand the circumstances that led to a maritime incident…

Hapag-Lloyd Launches Quick Cargo Insurance

Sep 11, 2019

German-based global cargo container shipping line, Hapag-Lloyd AG is expanding its digital product portfolio. As one of the first container shipping companies, Hapag-Lloyd is now offering its customers an online marine insurance.'Quick Cargo…

ICTSI Unveils Banana Transport Insurance Program

Sep 11, 2019

International Container Terminal Services (ICTSI) Ecuador has launched the first transport insurance program for banana trade.Contecon Guayaquil SA, the Ecuadorian subsidiary of ICTSI, will be providing banana-exporters with a comprehensive insurance program…

West of England Strengthens NY Team

Aug 14, 2019

The West of England, a leading mutual marine insurer, has appointed a new Senior Claims Manager to work in its Americas team.Emily McCulloch joined the London office on the 7th August but will transfer to the New York City office before the…

AEU Named an Alabama 'Best Company to Work for'

Aug 05, 2019

The American Equity Underwriters, Inc. (AEU) was recently named as one of the Best Companies to Work for in Alabama in an annual ranking compiled by Business Alabama and Best Companies Group.This survey and awards program was designed to identify…

INSIGHTS: Noose Tightens Around Iranian Shipping

Jul 26, 2019

Somewhere on its journey from the waters off Iran, around Africa's southern tip and into the Mediterranean, the Grace 1 oil tanker lost the flag under which it sailed and ceased to be registered to Panama. Iran later claimed it as its own.The…

West of England P&I Club Eyes Offshore

Jul 24, 2019

The West of England, a leading A-rated mutual marine insurer, has announced the appointment of a key strategic hire to support its strategy of expansion in the offshore market.Will Tobin will join the Club in July to head up its offshore business…

Logistics News

TotalEnergies, OQEP Start Construction of Marsa LNG Plant in Oman

TotalEnergies, OQEP Start Construction of Marsa LNG Plant in Oman

New Chief Executive Appointed at MPA Singapore

New Chief Executive Appointed at MPA Singapore

JSW Infrastructure Expects Cargo Volume Growth Rise in 2026

JSW Infrastructure Expects Cargo Volume Growth Rise in 2026

Port of Naples Cargo Operator Invests in Konecranes Gottwald Mobile Harbor Crane

Port of Naples Cargo Operator Invests in Konecranes Gottwald Mobile Harbor Crane

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