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…
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)…
In recent years there have been a number of accidents caused by the failure of on-load release hooks during lifeboat drills, which have resulted in seafarers being seriously injured and even killed. IMO has therefore been developing measures to prevent accidents with lifeboats…
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…
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…
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…
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…
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…
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…
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…
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…
Oregon Governor’s Fund for the Environment will receive $375,000. U.S. Attorney S. Amanda Marshall and Oregon Attorney General John Kroger jointly announced that the owner and operator of a Cyprus-based ship pleaded guilty today to felony oil pollution charges…
Damage to World Economy. “At last, governments are being stung into taking positive action to put an end to the menace posed by pirates, whether they be from Somalia or elsewhere. Not before time, there is a growing realisation that piracy…
Vessel operating costs are expected to rise by 3.8% in 2011 and by 3.7% in 2012, with lube expenditure and crew costs identified as the categories most likely to produce the highest levels of increase, according to a new survey by international accountant and shipping consultant Moore Stephens…
UK P&I Club announces 3 per cent general increase for 2012. Key financial indicators • General increase for 2012 set at 3 per cent• Combined ratio for 2011 policy year on target for underwriting balance• Free reserves and capital…
