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OCEAN CLUB

Obituary: Stewart B. Nelson

Stewart B. Nelson, Ph.D.  - B. June 9, 1937 D. September 12, 2016   Dr. Stewart B. Nelson URI -MMA 1974, oceanographer, explorer, author, lecturer and marine historian passed away of complications related to cancer on September 12, 2016 in Tampa, Fla. He is mourned by family, friends and classmates of the Marine Affairs Program at the University of Rhode Island. Dr. Nelson's multifaceted career was principally spent in service to his country in his position as aide to the Office of the Oceanographer of the Navy and in this capacity he was the Senior Advisor to the to the Oceanographer, a Rear Admiral Flag position. Dr. Nelson who later earned a Ph.D, from the University of Southern California, was a pivotal figure in the modern era of the Naval Oceanographic Office. His positions in marine nongovernmental organizations such as the Marine Technology Society and as president of the American Oceanic Organization established him as a key figure in the Washington, D.C. ocean community. In later years he established a close working relationship with several members of Congress.   As a member of one of the early classes in the Marine Affairs Program, Stew quickly established warm relationships with the faculty and professional members of his 1974 class. On his return to the Oceanographer's Office, Stew served as a congressional fellow and oversaw the construction and commissioning of several naval oceangraphic research ships


Korean Register CEO Park Passed Away

Dr. B. S. Park ( Photo: Korean Register)

Dr. B. S. Park, Korean Register Chairman and CEO, has passed away after a short illness.   Dr. Park graduated from Korea Maritime and Ocean University in 1976 and joined Pan Ocean Shipping where he worked in a number of capacities until 2001. In that year he was appointed CEO of Welson Korea Insurance Brokers before becoming COO of Korea P&I Club in 2006. He appointed as Chairman and CEO of KR in December 2014.  


P&I Club Celebrates 21 Years in Germany

Dr Matthias Reith, director of German bulk carrier owner Orion Schiffahrtsgesellschaft Reith & Co of Hamburg, helped the North of England P&I club celebrate 21 years of working with the German shipping industry today. Speaking a major industry reception organized by the club at the Zipplehaus restaurant in Hamburg, Dr Reith said 'In 1982 Orion became the first company from Germany to join the North of England. The club now insures 36 fleets in Germany and works with 11 of the German-based


UK Commission Formal Probe into Marine Insurance

The European Commission has opened formal proceedings to investigate whether certain provisions accompanying claim-sharing and joint-reinsurance agreements in the marine insurance sector might infringe European Union antitrust rules. The Commission fears that the provisions at stake in the agreements between the Protection & Indemnity Clubs (P&I Clubs) within the International Group of P&I Clubs (IG) may harm ship owners and the insurers that are not members of the IG.


UK P&I Club: 6.5% General Increase for 2015

The UK P&I Club board has agreed at its meeting on October 27, 2014 that the general increase for the 2015 renewal will be 6.5%. The premium rating increase is in addition to any change in the cost of the international group reinsurance premium for 2015 for the mutual members, which will be determined next January. In setting the general increase, the UK Club board said it is mindful of the balance between the needs of the club’s members and its commitment to maintaining


East-West Shippers see Acceleration in Container Contract Rate Cuts - Drewry

Photo AFP

Ocean freight rates for cargo moving under contracts on the major East-West trade routes fell by another 18% between February and May, according to Drewry’s Benchmarking Club, a closed user group of multinational retailers and manufacturers who closely monitor their contract freight rates. The Drewry Benchmarking Club Contract Rate Index, based on average Transpacific and Asia-Europe contract freight rate data provided confidentially by shippers


State of the P&I Market: As Stocks Drop, Rates Will Rise

The 13 P&I Clubs within the International Group continue to dominate the world market for shipowners' liability insurance despite increasing competition in recent years from fixed premium facilities. The development of the fixed premium market and, in particular, the rapid growth of the P&I account of the marine and energy syndicate 329 at Lloyd's led by Jonathan Jones, served to increase pressure on premium rating in recent years


London Club Achieves Income Targets

The London P&I Club achieved its premium income targets during the renewal negotiations completed on February 20. It now has a total fleet entry of more than 30 million gross tons, covering all categories of membership. Major new entries in the Club included fourteen bulk carriers operated by Petros Pappas' Sentinel Marine Services in Greece. Also, existing members - including the Schuldt Group, V Ships, Cosco Hong Kong, and MISC - entered additional vessels with the Club.


Following the Path of the Transport Revolution

Photo credit: Captain Katharine Sweeney

TT Club, established to fill a gap in insurance as the freight container revolutionized trade, celebrates 45 years dedicated service to the transport and logistics sector. In 1956, the first strengthened containers were loaded onto a spar deck of the converted tanker, Ideal X. This marked the fulfilment of a dream for American trucker Malcom McLean who had, since 1937, been working on how to reduce the long waiting hours for dockers to stow or unload his vehicles onto or off ships


Swedish Club: Consistent Underwriting in Challenging Year

The Swedish Club reported to its board today that it has achieved a consistent 2015 underwriting performance with financial stability and cost-efficient quality services for its members. It delivered a balanced underwriting result, despite higher claims activity and increased volatility, and demonstrated a resilience that is underpinned by diversification in its product lines, based on prudent management, the Club announced.  


Volvo Ocean Race Legends Gather

Photo: Volvo Ocean Race

 The Volvo Ocean Race will celebrate 45 years of history with a Legends Race on the final leg of the 2017-18 edition from Gothenburg to The Hague, says a press statement.   Any yacht to have featured in the Whitbread Round the World Race or Volvo Ocean Race, dating back to 1973-74


Wärtsilä joins battle against ocean plastics

Seabin prototype V4 Photo Wartsila

The Finnish technology group Wärtsilä has signed an agreement with the Seabin Project to join their global pilot programme, which addresses the worldwide littering problem affecting our oceans. The project aims at approaching the challenge from multiple angles with a key emphasis on


North P&I Club Guidelines on Minimising Risk from Ro-Ro fires

By Kara  Adobe Stock Photo

North P&I Club has published a new loss prevention briefing on how to prevent, detect and fight fires on roll-on-roll-off (ro-ro) vessels and car carriers. Such vessels are twice as likely to catch fire as other ships and vehicle-deck fires are notoriously difficult to contain and put out.


Galasso Named Ocean Signal Sales Manager

Rich Galasso (Photo: Ocean Signal)

Communication and safety at sea specialist Ocean Signal has announced the appointment of Rich Galasso as its new US Sales Manager. Galasso will assist with the company’s sales growth strategy in the US as demand continues to increase for Ocean Signal’s communication and safety


American Hellenic Insures 1,000 Vessels

Photo: American Hellenic Hull Insurance Company

 American Hellenic Hull Insurance Company (AHHIC) has already provided cover for 1,000 vessels managed from Europe, the Americas and Asia, said said Vincent Solarino, Chairman of the Board of Directors of AHHIC and President and COO of Shipowners Claims Bureau, managers of the American Club.


Benchmarking Against Peers Upheld Among BCOs

Image: World Shipping Council

 International transport and logistics executives are increasingly benchmarking their companies’ costs and supplier terms in ocean transport contracts, according to data gathered by Drewry Supply Chain Advisors.   In the past 6 months


China Adds More Ports to Its Low Sulphur ECAs

© William Messing / Adobe Stock

China has expanded its Emission Control Area (ECA) regulations to include ships berthing at six additional ports, bringing the total number of key ports in the country’s ECA to 11.   With the new rules, effective from January 1, 2017


Africa in focus at Nor-Shipping 2017

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African economies are growing, and becoming more connected to the world economy than ever before. Still, many companies have not discovered the great business opportunities on offer in Africa. In 2017, Nor-Shipping, one of the world’s leading maritime events, will put Africa on the agenda


US Sentences Greek Shippers for Obstruction, Pollution

Two Greek shipping companies were sentenced to pay corporate penalties totaling $2.7 million after being convicted for obstructing justice, violating the Act to Prevent Pollution from Ships (APPS), tampering with witnesses and conspiracy. Each company was ordered to pay part of its penalty to


Skuld Hires Cargo and Marine Property Head

Paul Knighton. Photo: TT Club

 Marine insurance provider Skuld announces the appointment of Paul Knighton as global head of marine cargo and marine property. He will join Skuld Syndicate 1897 in the summer.   Knighton will enhance Skuld’s well-established marine cargo and marine property portfolio by building


ASL Marine gets approval to delay redeeming $105m bonds

Headquartered and listed in Singapore since 17 March 2003, ASL Marine owns and operates shipyards in Singapore, Batam (Indonesia) and Guangdong (China) Photo ASL Marine

· ASL Marine received noteholders’ approval to extend the maturity dates of its S$100 million and S$50 million notes originally due in March 2017 and October 2018 respectively for three years each · One major condition for ASL Marine to drawdown up to S$99


School of Shipping, INTTRA Team up to Enhance Students' Readiness

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South Africa-based School of Shipping, which offers adults an education in maritime studies specifically relating to importing and exporting, and INTTRA, the world's ocean shipping electronic marketplace, announced a collaboration through which School of Shipping students will make use of INTTRA's


Singapore Court Fines Unlicensed Bunker Craft Operator

Logo: Maritime and Port Authority of Singapore

 New Ocean Maritime Pte Ltd was convicted in court under regulation 64(b) of the Maritime and Port Authority of Singapore (Port) Regulations and was fined a total of $81,000.    The Maritime and Port Authority of Singapore (MPA) brought charges against New Ocean Maritime Pte Ltd


Finalists of Mersey Maritime Industry Awards Announced

Chris Shirling Rooke Photo Mersey Maritime

The finalists of the 2017 Mersey Maritime Industry Awards (MMIAs) have been announced. The winners will be revealed at a prestigious black tie dinner that will have a Ministerial presence and promises to bring together the best of the maritime industry right across the Maritime


Viking XPRS Returns to Helsinki-Tallinn Route

M/S Viking XPRS. Photo: Viking Line

 Finnish ferry company Viking Line  continues to modernise its vessels. The M/S Viking XPRS, which has just undergone dry-docking, has been back sailing its usual Helsinki–Tallinn route starting on February 1.    Passengers on the renovated vessel can now look forward






 
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