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WILLIS MARINE

Willis North America Expands Marine Practice

Francesca Skyes

Insurance Broker will Deliver Expertise to Maritime and Cargo Industries in Eastern Virginia and Mid-Atlantic Region. Willis North America, a unit of Willis Group Holdings, the global insurance broker with operations in Virginia, has announced two key appointments to strengthen its Marine Practice and drive growth across the region.     Willis is a leading insurance broker that provides risk management and employee benefit solutions across a wide range of industries. With more than 2,800 clients and 400 dedicated marine professionals worldwide, Willis is one of the most trusted names in marine insurance, with expertise in hull, cargo and general marine liabilities. Willis of Virginia, Inc., which is headquartered in Richmond, includes approximately 100 Associates with additional offices in Norfolk and Reston. Jeremy Sykes and Francesca Sykes have been appointed Client Advocates of the Willis Marine Practice, Willis of Virginia. They will be responsible for business development within the Marine Practice. Mr. Sykes and Ms. Sykes will also work to expand Willis’ footprint in the Virginia marketplace and align the company’s global resources to deliver outstanding risk management services to firms in the Marine industry. Commenting on these appointments,  HB Whitmore, Managing Partner, Willis of Virginia said


Marine Insurance Brokerage Makes Key Appointments

Willis North America, a unit of Willis Group Holdings, the global insurance broker with operations in Virginia, appoints two Client Advocates. Jeremy Sykes and Francesca Sykes have been appointed Client Advocates of the Willis Marine Practice, Willis of Virginia. They will be responsible for business development within the Marine Practice. Mr. Sykes and Ms. Sykes will also work to expand Willis’ footprint in the Virginia marketplace and align the company’s global resources


Engstrom is Named Willis' Seattle CEO

Willis has named Chris Engstrom CEO of its Seattle office, one of the global insurance broker's leading U.S. operations. Engstrom brings tremendous local market knowledge and 16 years of insurance industry experience. He previously served as senior vice president for Wagle Insurance Companies in Seattle.


“Perfect Storm” Results in Most Challenging P&I Renewal

The upcoming Protection and Indemnity (P&I) renewal is poised to be the most challenging in a decade as a result of difficult economic conditions for ship operators, poor underwriting results and some of the largest claims in history, according to Willis Global Marine, a division of Willis Group Holdings plc (WSH:NYSE), the global insurance broker, in its annual P&I Market Review. The P&I market results last year (2011/12) showed a 13% increase in incurred claims, a 5


AEU Announce Addition to Staff

Andrea Mills (Photo: AEU)

Mike Lapeyrouse, President and CEO of The American Equity Underwriters (AEU) said that Andrea Mills has joined the AEU staff effective May 6, 2013. Andrea has been a broker for 25 years and for the last eight years has served as Vice President, Client Advocate at Willis – Mobile. She joins AEU as Senior Vice President – Director of Strategic Business Development. www.amequity.com  


New Maritime Cargo Insurance – 'Undercover'

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Willis Group Holdings has launched a new insurance facility, called Undercover, to protect cargo in transit and in store against all types of political violence, terrorism and war risks, informs shipping trade association Maritime London. The global risk adviser, insurance and reinsurance broker says that, in recent years, cargo losses worth more than one hundred million dollars have not been recovered under traditional cargo insurance policies due to critical exposures being excluded.


Marine Industry Continues To Suffer From September 11

Still more than five months later, the maritime industry continues to feel the effects from the terrorist attacks on America, as the events of September 11 have accelerated hardening market conditions in the marine sector. Prior to September, capital providers were beginning to force the upward trend of the cycle. This trend was underpinned with some withdrawal of capacity and reduction in the overall number of players through mergers or withdrawal from the class.


This Day in U.S. Coast Guard History – January 21

1881- The light was first shown at Tillamook Lighthouse, located 19 miles south of the Columbia River entrance. 1897- Secretary of Treasury empowered to bestow life-saving medals. 1969-CGC Point Banks while on patrol south of Cam Rahn Bay received a call for help from a nine-man ARVN detachment trapped by two Vietcong platoons.  Petty Officers Willis Goff and Larry Villareal took a 14-foot Boston whaler ashore to rescue the ARVN troops


Offshore Equipment Firm Acquisition by Forum Energy

Houston-based Forum Energy Technologies agrees to acquire Blohm + Voss Oil Tools from STAR Capital Partners Limited (STAR), a London based private equity firm. Completion of the transaction is subject to certain customary closing conditions.  Further details of the transaction were not disclosed. With locations in Hamburg, Germany and Willis, Texas, Blohm + Voss Oil Tools manufactures a comprehensive range of pipe handling equipment used on offshore and onshore drilling rigs. 


London International Shipping Week Kicks Off

Red Ensign: Image courtesy of Maritime UK

Maritime UK welcomes leaders from across the global shipping, ports and maritime business services sectors to the inaugural London International Shipping Week from 9, September 2013. Through the week, Maritime UK will be covering all the major stories, announcements and events. On Monday morning it will publish the results of an extensive survey of UK industry leaders, saying what they think of the UK economy and its competitiveness. 


MN 100: Bordelon Marine

Sheila Bordelon.jpg

The Company: Founded in 1979, Bordelon Marine is a leading provider of Marine Transportation services operating in the Gulf of Mexico and around the world. The company owns and operates a fleet of modern offshore supply vessels ranging in size and type from DP1 Mini-supply Vessels to MPSV 260 DP2


MN 100: Gencorp Insurance Group

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The Company: Gencorp Insurance Group provides the Insurance and Surety needs of Marine Contractors, Vessel Operators and Shipyards throughout the country and Caribbean. Gencorp’s Marine Group facilitates the coverage placement and claims settlement for all insureds


Volvo Penta Debuts Marine Gas Sterndrive Engines

5.3L V8 gasoline engines for the marine sterndrive

  Volvo Penta today unveiled its new family of next-generation 5.3L V8 gasoline engines for the marine sterndrive market in a press preview at the company’s Test Center in Suffolk, Va.   “Volvo Penta has a rich history of innovation in marine propulsion


Marad Celebrates Deployment of Maritime Fuel Cell Project

PEMFC unit replaces diesel generators, saving fuel cost and emissions.

  The U.S. Department of Transportation’s Maritime Administration (MARAD) today celebrated the launch of field trials for the first prototype hydrogen fuel cell unit to power onboard refrigerated containers.  MARAD, through a cooperative agreement with the U.S


Powering the First Electric Commercial Fishing Boat

Photo: Corvus Energy

The world’s first electric commercial fishing vessel will be powered by a Corvus lithium polymer Energy Storage System (ESS) integrated with a Siemens propulsion system   Corvus Energy announced a Corvus ESS with a Siemens BlueDrive PlusC marine propulsion system will power the Selfa


Metalcraft Celebrates its 50th Anniversary

Ernie Ellis (Photo: Metalcraft)

Metalcraft, a designer and manufacturer of fire detection and suppression equipment, is celebrating its 50th anniversary. The company serves a broad range of industries, including marine, auto racing, defense and aerospace, where its extinguishers have flown on numerous NASA missions.  


N-KOM: New VLCC Size Floating Dock

Donnelly Tankers vessel inside new VLCC size floating dock

Nakilat-Keppel Offshore & Marine (N-KOM), the joint-venture shipyard of Keppel Offshore & Marine and Nakilat, continues to see strong interest for its ship repair services in 2015, having already delivered more than 450 projects for shipping and oil and gas companies over the past four


North Korean Black-listed Ships in Russia

Image: Convenient Flags

 North Korean vessels owned by Ocean Maritime Management (OMM) have been seen using Russian ports, says the NK News vessel tracker.   OMM was sanctioned for its involvement in smuggling weapons through the Panama Canal in 2013.  


ASL Bags New Shipbuilding Contract

Photo:  ASL Marine Holdings Ltd

 Singapore’s ASL Marine Holdings Ltd said that its wholly-owned subsidiary, ASL Shipyard Pte Ltd  has clinched shipbuilding contracts worth approximately SGD140m ($100m) for the construction of a series of tugs and barges.  


Sunken Towboat Lifted from Neches River

USCG photo

A towboat that sank in Texas' Neches River August 21, and caused a temporary closure of the waterway, was lifted out of the water Wednesday Evening. T&T Marine, a contractor hired by the towboat company, refloated and towed the vessel Louise to Bolivar Barge Cleaning Service


ASL Shipyard Secures S$140mln Build Contracts

 ASL Shipyard Pte Ltd. a wholly-owned subsidiary of ASL Marine Holdings Ltd., has secured new shipbuilding contracts worth approximately S$140 million for the construction of a series of tugs and barges, the company’s board of directors announced Thursday.  


ClassNK Verifies lino Marine Service GHG

Left: ClassNK Executive Vice President Mr. Koichi Fujiwara Right: Iino Marine Service President Hisahiro Oshima (Photo: ClassNK)

Classification society ClassNK has carried out the independent third-party verification of Iino Marine Service’s greenhouse gas (GHG) emissions inventory based on a reasonable level of assurance. ClassNK’s verification was performed according to the requirements specified in ISO 14064


LUKOIL Marine Lubricants Opens Gothenburg Warehouse

LUKOIL Marine Lubricants informs it has opened a new warehouse in Gothenburg.   The marine lubricants supplier said it constantly strives to expand its global supply network, adding that the new site will enable reduced lead time and increased flexibility when delivering lubricants to


Thordon Bearings Names New China Distributor

Photo: Thordon Bearings

Thordon Bearings Inc. of Canada announced that CY Engineering Co. Ltd. will take over as the new authorized distributor for the People’s Republic of China, including Macau and Hong Kong, effective August 28, 2015. With this agreement, CY Engineering becomes Thordon’s stocking


NASSCO Invests in Facilities, Equipment and People

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General Dynamics NASSCO has invested several hundred million in capital projects as part of its efforts to increase efficiencies via  modular shipbuilding, including: two 300-ton cranes allowing shipbuilders the ability to increase the size of the erectable blocks; a block assembly line to






 
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