Marine link
 

American Club

Witte Named Chairman of the American Club

J. Arnold Witte Sr., President and CEO of Donjon Marine, Co., Inc. has been named Chairman of the American Steamship Owners Mutual Protection and Indemnity Association, Inc. (the American Club). The Club, established in New York in 1917, is a member of the International Group of Protection and Indemnity (P&I) Clubs, a collective of 13 mutuals, which together provide P&I insurance for some 90% of all world shipping. In addition to Mr. Witte’s duties with Donjon and the American Club, Mr. Witte Sr. is a Past President of the American Salvage Association (ASA), as well as a Past President and current Vice President of the International Salvage Union (ISU).


American Club Gets S&P Rating Boost

American Club logo

Under Standard & Poor’s Ratings Services’ latest review, the American P&I Club’s financial strength rating has been raised a full notch from BB+ to BBB-, an investment grade, with a stable outlook. This action follows a comprehensive review of the club’s current and prospective circumstances by reference to S&P’s new criteria for the rating of insurance companies which it has now extended to 14 marine mutual insurers.


American Club Reports Strong Renewal

The American Club, the only mutual protection and indemnity insurer domiciled in the Americas, has  revealed very positive overall results for the February 20 renewal season.   Tonnage entered for owners’ P&I risks increased by over 11% year-on-year as at February 20, while that entered for defence risks grew by over 30%. There was an overall premium increase of slightly under 8% for P&I on renewing tonnage, and nearly 6% for the club’s defence class


American Club Raises Premium Levels for 2002

In a move to return premium rating to levels more in line with current and expected claims exposure, allied to the need to maintain the club’s future financial strength, the directors of the American Club have advised members of rate increases for the 2002 policy year. A general increase of 12.5 percent will apply to all expiring advance call premiums as of February 20. In addition, the estimated supplementary call for 2002 will be raised from 25 percent to 40 percent of the advance call


American Club Sets 17.5 Percent General Increase in P&I Rates

The American P&I Club has announced a general increase of 17.5% in total premium for its P&I business for the 2004/2005 policy year following a meeting of the directors in Copenhagen. Any increase in the cost of the International Group’s reinsurance programme, which has not yet been determined, will also apply. As usual, and in line with other mutual clubs, individual members’ premium ratings will be adjusted in accordance with their loss records.


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


American Club Issues Steel Cargo Warning

AMER CLUB MSTR Logo.JPG

The American P&I Club has updated its advice to members on the handling of steel cargoes. It has done so in consequence of some recent cases where the absence of pre-loading surveys increased the cost of steel cargo claims on discharge. It first raised the problem in a March 2002 circular, making extensive recommendations so as to minimise the prospect of spurious steel cargo claims. In a new circular, Shipowners Claims Bureau, Inc


Timmel Named International Maritime Person of the Year

Captain John C. Timmel, president and executive director of the American Victory Mariners Memorial & Museum Ship and harbor pilot with the Tampa Bay Pilots Association, has been named "International Maritime Person of the Year" by the Propeller Club of the United States. "It is an honor to receive such a prestigious award from my peers that acknowledges not only my efforts, but also the efforts of many," said Timmel.


HyMar to Win Award at Mansura Trophy Ceremony

The EU Hybrid Marine (HyMar) Project - a collaborative research project led by the International Council of Marine Industry Associations (ICOMIA) funded under the EU's Seventh Framework Research Program - will receive an award at the Royal Thames Yacht Club’s Mansura Trophy Awards Ceremony on March 21, 2013 at the Royal Thames Yacht Club. The primary aim of the HyMar project was to provide reliable and practical information about the effectiveness of marine hybrid propulsion in small


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


Update on MSC Alexandra, VLCC Dream Collision

Photo: Hafen Hamburg

 During the incident involving Dream II Very Large Crude Carrier (VLCC) and MSC Alexandra (Container Ship) on 3rd August, 10 empty containers fell overboard. (See report in Marinelink )   Of these, five fell overboard onto the deck of Dream II VLCC and another five fell into the sea


UK Treasury Deletes 3 Iranian Shipping Lines from Sanctions List

Image: IRISL GROUP

 The UK Treasury deleted names of three Iranian martitime companies active in maritime transportation from its list of entities entitled to financial sanctions.  As per report by IRNA British HM Treasury has announced that following the EU


Global Tonnage Continues to Grow

Image: Gard

 2015 saw further growth in total Group entered tonnage, which increased from 1,047 billion GT as at August 2014 to 1,088 billion GT as at August 2015, says annual review of International Group P&I Clubs (IGP&I) published by Gard on July 14, 2016.  


National Museum of the American Sailor Unveiled

The National Museum of the American Sailor name change signals a shift in vision from a regional focus to one that depicts the diverse history of Sailors who have served in the U.S. Navy. (U.S. Navy photo)

The Great Lakes Naval Museum was officially renamed the National Museum of the American Sailor during a ceremony and sign unveiling at the museum July 4. The Navy's top enlisted Sailor, Master Chief Petty Officer of the Navy (AW/NAC) Mike Stevens, was joined by retired Rear Adm


Brexit – What Does it Mean for Shipowners' Club?

Photo: UK Chamber of Shipping

 “Uncertainty” has been a very well used word over the past week, following the result of the EU Referendum. The uncertainty that exists in British and European politics is only matched by the uncertainty that exists in British and European economics.  


The American Club Reports Solid Progress in 2015

Arnold Witte (Photo: Donjon Marine)

The American Club reported solid progress during 2015 at the annual meeting of its members held in New York yesterday. Despite a challenging economic climate, the Club’s business developed respectably, and 2016 had started on a positive note.  


Shetland Race Yachts Due at Lerwick

Yachting - Lerwick  Courtesy Lerwick Port

The annual Shetland Race from Bergen will be at Lerwick from Thursday 23 to Saturday 25 June. 2016 marks the 30th annual race which started in 1987 – that first year with only one competitor actually making the trip but it still ranked as a qualifying race


UK P&I and Britannia Clubs Call off Merger Talks

The boards of the UK P&I and Britannia Clubs since February 2016 have been in discussion regarding a potential merger between the two clubs.     While a number of potential synergies and benefits were recognized, no agreement could be reached on acceptable terms


East-West Shippers See Acceleration in Container Contract Rate Cuts

Image: Drewry

 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


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


TT Club Reports Robust Financial Results for 2015

TT Club has announced its financial results for the year ended December 31, 2015, and AM Best affirms its A- (Excellent) rating for the 10th consecutive year.   Knud Pontoppidan, Chairman of TT Club, said, “After very good years in 2013 and 2014


P&I Club warns on Enclosed Space Entry & Testing

Carl Durow Photo P&I Club

The London P&I Club says it continues to see cases of injuries and fatalities associated with entry into enclosed onboard spaces, including cargo holds on bulk carriers where atmospheres have not been treated as potentially dangerous.  


North P&I Club Repots Positive Financial Performance

North P&I Club reports that an exceptionally low year for claims has helped it increase its free reserves by $90 million to $428 million and deliver a combined ratio of 73.3 percent in the financial year ended February 20, 2016. This brings the combined ratio average of the past five years


TT Club Welcomes IMO Guidance on SOLAS VGM Amendment

At an International Maritime Organization (IMO) Maritime Safety Committee session in London that culminated on Friday, delegates agreed on guidance and advice to both those active in the container supply chain globally (shippers, carriers and port operators)


AAPA, USDOT to Commemorate NM Day Jointly

AAPA President and CEO Kurt Nagle Photo AAPA

 A little-known annual American commemoration is coming up again on May 22 - National Maritime Day. It was declared by Congress in 1933 to call attention to America’s proud maritime heritage and to honor the men and women who serve and have served as U.S. merchant mariners.






 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright