The American Equity Underwriters, Inc. (AEU) 2011 Safety Awards were presented at the annual American Longshore Mutual Association (ALMA) Conference in Grand Cayman on July 30, 2012. The awards are given each year to the best performing…
The International Chamber of Shipping (ICS), which represents over 80% of the world merchant fleet, has welcomed the decision by the European Commission competition directorate to close its investigation into the activities of the International Group of P&I Clubs…
International Code for the Application of Fire Test Procedures (2010 FTP Code) mandatory from 1 July 2012. Amendments to the International Convention for the Safety of Life at Sea (SOLAS) to make mandatory the International Code for the…
The American Club reported positive developments during 2011, and into the first half of 2012, at yesterday’s annual meeting of its members in New York. Its business had made steady progress, notwithstanding the challenges which continued to confront the global economy in general…
P&I Club cautions against adding weight to 'Monkey's Fist' at the end of the heaving lineIn the past it was not uncommon for seafarers to weight monkey’s fists fitted to the end of heaving lines with pieces of scrap metal or sand, or to attach a heavy item such as a shackle…
Open Ocean’s maritime risk management alliance welcomes IMO’s statements on use of private maritime security on vessels.Murray Hammick, Managing Director of Chenega Federal (UK) Ltd, the company behind the Open Ocean maritime risk management alliance…
Mutual insurance provider The Shipowners’ Club, has produced a comprehensive handbook ‘Fishing vessel safety’ highlighting areas in which crew members can become more safety aware, while assisting crew and owners alike to recognise potential dangers and operating hazards…
Insurance market, P&I, in flux in the aftermath of 'Costa Concordia' disasterAfter an inauspicious start, 2012 will be another difficult and uncertain year for the maritime industry faced with the aftermath of the Costa Concordia, further problems in the Euro zone…
Move intended to increase efficiency under Solvency 2. The UK P&I Club has announced that it is reorganising its structure to establish UK Europe as the sole provider of direct insurance to UK Club members. By reducing the number of separately regulated insurers from two to one…
Leading insurance accountant and consultant, Moore Stephens, is to boost its governance, risk and assurance team with the recruitment of two leading practitioners, Gary Oliver and Gavin Davey. Currently a partner at Mazars, Gary Oliver is well-known in the London market…
Seven members of the American Salvage Association (ASA) have been invited to submit competitive bids to remove the capsized cruise ship Costa Concordia, which ran aground off the Italian island of Giglio in late January. One member already involved with response…
Inland Salvage Inc. awarded Wreck Removal Contract of Capsized Inland Drill Barge. Inland Salvage Inc. (ISI) was recently selected as Salvor to conduct Wreck Removal Operations of a 2,650t Inland Drill Barge following an unsuccessful attempt by another contractor to salvage the barge…
John Poulson Rejoins Management Team. Well-known surveyor John Poulson, a highly-experienced former mariner, is rejoining the American P&I Club’s management team on February 1 as vice president, principal surveyor and head of the survey and technical department…
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…
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…
