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).
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.
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
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
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.
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
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
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.
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
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
Owners of floating Kodiak strip club indicted by Federal Grand Jury; Wild Alaskan operators accused of dumping raw sewage into Kodiak Harbor, Alaska A federal grand jury returned a three-count indictment against the owners of a floating bar and strip club barge
The TT Club has alerted the supply chain industry to a persistence of claims in a handful of loss types. The international transport, freight and logistics insurance provider said it has found that 66% of its claims by number and 62% by value over a five year period can be categorized into just
Jacqueline Tan, Senior Claims Executive at the UK P&I Club, commented on the ballast water management controls coming into force: “The coming into force of the Ballast Water Management Convention 2004 (“BWMC”) is now imminent
American Eagle is Second Riverboat for American Cruise Lines in New Orleans Guilford, CT-based American Cruise Lines will introduce its second riverboat to be home-ported in New Orleans. The two new riverboats are the first new ships built specially for the Mississippi River in 20 years
The Coast Guard medevaced a 36-year-old man from the 252-foot fishing vessel American Triumph approximately 92 miles north of Cold Bay, Alaska, Thursday. A Coast Guard Air Station Kodiak MH-60 Jayhawk helicopter crew forward deployed in Cold Bay safely hoisted the man and transported
According to The Swedish Club, half of the costs of hull and machinery claims handled by the Club have arisen due to navigational claims such as collisions, contacts or groundings - a figure that has remained steady over recent years despite improved technology and the widespread implementation of
Robert Johansen has been named Director of the Ports & Marine Western Division at Parsons Brinckerhoff, a global engineering and design firm. Johansen will be responsible for business development and the management of design and construction projects for port and marine facilities in
The Crisis in Global Maritime Casualty Response – Now Is the Time To Act – An industry Forum Designed to Promote Change An industry forum aimed at producing a practical response to the current crises in maritime casualty management was officially launched in Singapore today
Hinode Maritime Conferences have announced their "2nd Annual Conference on the Outlook for India's Seaborne Dry Bulk Trade". Considered the largest conference in India on Dry Bulk Trade to be held on January 22, 2015 at Hotel Vivanta by Taj-President Mumbai
Seafarers International House will hold its 15th Annual Setting the Course Awards Banquet on Thursday, April 23, 2015 at the New York Athletic Club, 180 Central Park South, New York City. This year’s honorees are Anthony Chiarello, President & CEO, Tote, Inc
American Maritime Partnership (AMP) issued a statement opposing Senator John McCain’s recent measure to eliminate the U.S. shipbuilding industry. AMP said U.S. shipbuilding is critical to supporting America’s military power and defense needs employs hundreds of thousands of Americans
BIMCO encourages members to take part in the next free event organised by the Young Professionals in Shipping Network (YPSN) in Shanghai on 15 January 2015. BIMCO fully supports YPSN’s aim to hold events to help young professionals meet their industry peers, build relationships
In a continued effort to provide quality services, CMA CGM group hereby informs of a Rate Restoration Program: Effective February 5th, 2015: From India, Pakistan and Sri Lanka ports to North Europe, Med Sea, Scandinavia, Baltic, Black Sea, North Africa, Central American
Huntington Ingalls Industries’ (HII) board of directors has elected Kellye Walker to serve as corporate vice president and general counsel and Charles R. “Chuck” Monroe Jr. to serve as corporate vice president, associate general counsel and secretary
The Shipowners’ Club is a mutual provider of P&I insurance that has throughout its 160 year history been dedicated to serving owners of small and specialist ships. These vessels, active in a range of different operations, are at the lower end of the size spectrum and