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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


TT Club Announces 2002 Results

The Board of TT Club has announced its financial year 2002 results. The Club posted a full year after tax surplus of $10.7 million (from a 2001 loss of US$40.2 million), supported primarily by a positive technical underwriting result of US$6.6 million (an improvement of US$35.5 million) and an increase in investment income. As a result the Club's free reserves (undiscounted) rose by 27 percent to US$50.2 million.


London Club Completes Financial Year

The London P&I Club completed its 2001/2002 financial year in a healthy position, with free reserves of more than $80m. In levying its supplementary call for the year in line with original estimates, the Club has also maintained the stability of its supplementary calls for ten successive years. The year was a difficult one for marine mutual liability underwriters. P&I premiums, however, hardened in the wake of the marked increase in earlier


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.


American Club Expands E-Learning Offering

The American P&I Club has added to its library of e-learning modules released in cooperation with IDESS IT in the Philippines. The new module covers compliance with The Code of Practice for the Safe Loading and Unloading of Bulk Carriers (BLU Code)


UK Club Rating Upgraded by S&P to A (Stable)

Financial rating image credit UK Club

Leading P&I club, the UK Club informs it has received the full report from Standard and Poor (“S&P”) explaining its reasons for upgrading the Club's financial rating. Extracts follow: The report explains that, in assessing the Club’s business and financial risk profiles


Ecuador Order Elastec/American Marine Oil Spill Equipment

Oil spill equipment training: Photo courtesy of Elastec/American Marine

Elastec/American Marine say that quality and dependability made all the difference when the state oil company of Ecuador decided recently to purchase its oil spill response equipment. PetroEcuador recently acquired two ELASTEC TDS136G grooved drum skimmers, two ELASTEC SeaSkater weir skimmers


Eliminating Cat Fines to Marine Diesel Engines

One can assume that P&I Clubs and shipowners would be very interested in preventing catastrophic Cat Fines damage to diesel engines. Cat Fines have been damaging marine diesel engines for more than 50 years. Only recently, with the increased use of Low Sulphur Fuel Oils has the catastrophic


Alert: NTVRP Interim Authorizations Expire 31, July 2014

The UK P&I Club notifies that the “Nontank Vessel Response Plans and Other Response Plan Requirements” (NTVRP) final rule  required owners or operators of nontank vessels 400 gt and above to submit oil spill response plans for vessels operating on the navigable waters of the


Coalition Asks Senate for Vessel Discharge Legislation

Tom Allegretti, AWO’s President & CEO

On June 20, a diverse coalition of 58 national and regional organizations representing a wide array of leading business, maritime and labor organizations signed on to a letter to Senate Commerce, Science and Transportation Committee Chairman John Rockefeller (D-W.Va


US Coast Guard on Canvas: 2014 Art Program

“Above the Seneca” by James Consor: Image USCG

The dedication and character of the men and women of the U.S. Coast Guard provide inspiration for many across the nation. Some of the most inspired are Coast Guard artists who belong to the Coast Guard Art Program. The Coast Guard Art Program (COGAP) uses fine art as an outreach tool for


Allegretti Addresses API Tanker Conference

AWO President & CEO Tom Allegretti

States Domestic Maritime’s Commitment to Meeting Transportation Needs of Changing Energy Economy Appearing before the American Petroleum Institute’s Tanker Conference in Austin, AWO President & CEO Tom Allegretti affirmatively stated that the domestic maritime industry is fully


Philippine Legal 'Garnishment' Heightens Shipowner Concerns

Safety at work: File photo

'Garnishment' is the legal term relating to the collection of a monetary judgement on behalf of a claimant from a defendant. In the Philippines, this routinely occurs before the case has concluded and is central to the UK P&I Club Members' many concerns relating to crew claims in this


New Mississippi Riverboat Launched

Photo courtesy of American Cruise Lines

American Cruise Lines announced today that it launched the new paddlewheeler being built for the Mississippi River at Chesapeake Shipbuilding in Salisbury, Maryland. Immediately after being launched Sunday into the Wicomico River, tugboats nudged the new riverboat into Chesapeake


SPNM Strategy for Higher growth trajectory

Meeting with US officials

  Striving to grow mutually with other organizations has been a strategies of Shipping Professional Networking (Mumbai) which has seen its membership swell rapidly every since it was established three years ago. This was evident at SPNM's 9th Networking event held on 4th July at the Acres


Google Street View Climbs Aboard Allure of the Seas

Screenshot of Google Street View aboard Royal Caribbeans Allure of the Seas

Royal Caribbean International claims it is changing the way people plan vacations by working with Google to be the first cruise line to launch Google Maps Business View using Google’s Street View technology onboard the cruise ship Allure of the Seas.


Report Makes Light Work of Heavy Weather

Photo courtesy of The Swedish Club

Modern weather routing techniques have made facing heavy weather considerably less hazardous for the modern mariner than for his forbears. However such techniques are not a panacea and a new report from The Swedish Club published today, Heavy Weather


Business on the Move: Educational Logistics Game

Business on the Move logo

Leading freight transport insurer, TT Club, apprises of its support for a unique learning initiative – 'Business on the Move'. The educational tool takes the form of a board game which is designed to be played at varying levels of complexity; suitable for primary and secondary school


AMP Applauds Confirmation of MARAD Administrator

Paul ‘Chip’ Jaenichen as U.S. Maritime Administrator

The American Maritime Partnership (AMP), the voice of the domestic maritime industry, has released the following statement on the U.S. Senate confirmation of Paul ‘Chip’ Jaenichen as U.S. Maritime Administrator:   “AMP members appreciate Administrator Jaenichen’s






 
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