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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 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 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


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


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


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


Newport International Boat Show to Kick Off

Newport International Boat Show

  Set for September 17-20th, 2015 on Newport Harbor is the Newport International Boat Show (NIBS), which flaunts its destination and sailing history to attendees making their fall travel plans. NIBS is the kick-off to the boat show season and a prime time to experience fall in New England


Eagle Ocean Marine Grows Market Share

Joe Hughes, Chairman and CEO of Eagle Ocean Agencies, Inc. (Photo: EOM)

Robust development of recent years supported by strong operating results: Mutual club pedigree enhances Insurer’s stature in fixed premium sector   Eagle Ocean Marine (EOM), the specialist fixed premium P&I and FD&D (Freight


Mersey Maritime, Liverpool Football Club at LISW15

LJMU logo

  Mersey Maritime, in association with some of its key members, is hosting what will be one of the most exciting events at London International Shipping Week (LISW15) on 9th September at The Walkie Talkie Building, 20 Fenchurch Street.  


Marine Claims & Casualty Investigation Conference

  HINODE Maritime Events is conducting the "Conference on Handling Marine Claims and Investigating Marine Casualties". According to the organisers, the program which is scheduled to be held on Wednesday, September 2, 2015 at the Vivanta by Taj - President, Cuffe Parade


UK Defense Club Reports Strengthened Financial Position

The UK Defence Club, the provider of FD&D (legal costs) insurance to the maritime industry, announced its financial results for the year ending February 20, 2015.   According to the club, highlights include 3,700 ships covered, total assets of £56


Call for Increased VDR Testing Awareness

Ian Barr (Photo: London P&I Club)

The London P&I Club has called for greater familiarization by ships’ officers and crews with the testing requirements relating to Voyage Data Recorders after two recent claims incidents investigated by the club’s loss prevention team revealed VDR malfunctions.


American Club: Solid Progress despite Challenging Market

Joe Hughes (Photo: American Club)

International P&I insurer continues positive trend into 2015   The American Club reported solid progress during 2014 at the annual meeting of its members held in New York today. Despite a challenging economic climate, the club’s business had developed favorably


AAPA Praises Senate for Passing TPA - 2015

KURT J. NAGLE, President and Chief Executive Officer

  “The prosperity of the United States is inextricably entwined with that of the rest of the world and international trade agreements provide stability and equity enabling increased trade,” said American Association of Port Authorities (AAPA) President and CEO Kurt Nagle in


Bergen Shetland Race Yachts at Lerwick

Yachting at Lerwick

  The yacht Serenity, skippered by Fridtjov Bergmann, proudly flies the Bergen Shetland Blue Ribbon as first to finish this year’s race across the North Sea from Norway. He later received Lerwick Port Authority's trophy for first yacht over the line, at 20:56 hours on Thursday


Inauguration of Jimmie H. Hobaugh Community Center

Captain Jimmie H. Hobaugh Coast Guard Community Center

  The Coast Guard Foundation, a non-profit organization committed to the education and welfare of all Coast Guard members and their families, announced today the completion of the Captain Jimmie H. Hobaugh Coast Guard Community Center. The Foundation will host a ribbon cutting ceremony and


TT Club Urges Immediate Action on Box Weighing

File photo

Provider of insurance and related risk management services to the transport and logistics industry TT Club said it welcomes the initiative of the World Shipping Council (WSC) in its recent publication of guidelines to the industry in relation to implementing the SOLAS requirements that become


American Cruise Lines Names New Riverboat

American Cruise Lines announced the name of its new Mississippi paddlewheeler – America – currently under construction at Chesapeake Shipbuilding in Salisbury, Md.   The America is American built, flagged and crewed, which is symbolic of the true all-American experience


London P&I Club Holds Strong Despite Large Claims

Ian Gooch (Photo: London P&I Club)

The London P&I Club’s 2015 Annual Report highlights an unusual run of expensive claims in the 2014/15 policy year, with progress in other areas meaning that the free reserves stand at $157.4 million.    Ian Gooch, chief executive of the club’s management team, said


Shipping in Rough Waters

Photo: The North of England P&I Association Limited

 Unpredictable markets and continuing marine claims volatility means the international shipping industry is facing a particularly challenging time, says Pratap Shirke, chairman of North P&I club. His comments are published today (16 July 2015) in the 170 million GT


'Challenging Time' for Shipping Industry - North P&I Chairman

Pratap Shirke, chairman of North P&I club

Unpredictable markets and continuing marine claims volatility means the international shipping industry is facing a particularly challenging time, says Pratap Shirke, chairman of North P&I club. His comments are published today (16 July 2015) in the 170 million GT






 
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